Facebook

Facebook, Inc. is an American online social media and social networking service company based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.

Facebook is a popular free social networking website that allows registered users to create profiles, upload photos and video, send messages and keep in touch.

Source: facebook.com

Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M

Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M
Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M
January 27, 2022  |  Facebook

Facebook is unloading its cryptocurrency unit, Diem Association, to Silvergate Capital for an estimated $200 million, The Wall Street Journal (WSJ) reported Thursday (Jan. 27), citing...

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Facebook Diem: Move Fast, Break Things, Then Crash Into a Wall
Facebook Diem: Move Fast, Break Things, Then Crash Into a Wall
January 26, 2022  |  Cryptocurrency

Facebook’s sudden announcement of the Libra stablecoin on June 18, 2019 was the epitome of its old motto, “move fast and break things.” Get the...

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Facebook Eyes Sale of Diem Assets
Facebook Eyes Sale of Diem Assets
January 25, 2022  |  Facebook

Meta CEO Mark Zuckerberg is seeing the demise of his cryptocurrency project due to regulatory pressures, Bloomberg reported Tuesday (Jan. 25). Get the Full Story...

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Facebook, Instagram Jump Into NFTs, a Springboard to the Metaverse
Facebook, Instagram Jump Into NFTs, a Springboard to the Metaverse
January 20, 2022  |  Metaverse

Meta’s two main social networks, Facebook and Instagram, are planning a big move into the nonfungible token (NFT) market, according to reports. Get the Full...

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EU Parliament Approves Digital Service Act Targeting Big Tech
EU Parliament Approves Digital Service Act Targeting Big Tech
January 20, 2022  |  Big Tech

The European Parliament approved on Thursday (Jan. 20), with 530 votes in favor, 78 against and 80 abstentions, the Digital Service Act (DSA). This bill...

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Walmart Meets Meta in the Metaverse
Walmart Meets Meta in the Metaverse
January 17, 2022  |  Walmart

Three months after dipping its toe in the cryptocurrency water with a 200-machine bitcoin ATM trial, Walmart has revealed a far deeper interest in crypto...

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States Allege Google, Facebook CEOs Colluded in Online Ad Sales
States Allege Google, Facebook CEOs Colluded in Online Ad Sales
January 17, 2022  |  ANTITRUST

Newly released details of a lawsuit filed against Google revealed the division of Alphabet Inc. colluded with rival Facebook to manipulate online advertising sales, The Wall...

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UK Lawsuit Claims Facebook Exploited Personal Data of 44 Million Users
UK Lawsuit Claims Facebook Exploited Personal Data of 44 Million Users
January 16, 2022  |  Legal

Facebook, now known as Meta, faces a fine of over $3.2 billion over allegations that it exploited data and abused its market dominance, Reuters reported...

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Facebook Can’t Fence Off FTC Antitrust Suit, But It Narrows Scope
Facebook Can’t Fence Off FTC Antitrust Suit, But It Narrows Scope
January 12, 2022  |  Regulation

A U.S. judge granted the Federal Trade Commission (FTC) a second chance to continue with its allegations of illegal monopolization against Facebook (now Meta), after...

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