Advertisements for more than 400 brands are due to vanish from Facebook on Wednesday after the failure of last-ditch talks to stop a boycott over hate speech on the site.
Browsing: Facebook
Facebook shares were poised to fall for a second day after more businesses, including Starbucks and Diageo, joined the growing number of brands planning to halt spending on social media.
Mark Zuckerberg just became $7.2-billion poorer after a flurry of companies pulled advertising from Facebook’s network – but he’s still the fourth richest person in the world.
Verizon Communications said on Thursday it was pausing advertising on Facebook in support of a campaign that called out the social media giant for not doing enough to stop hate speech on its platforms.
Google will begin paying select media outlets featured in a yet-to-be released news service later this year, a major business shift for the search engine.
Brazil’s central bank has suspended Facebook’s WhatsApp messenger payment feature in the country, the app’s second biggest market with more than 120 million users.
Microsoft is closing down Mixer, its live streaming service for games, and shifting users to Facebook Gaming, the technology giant’s Xbox division said on Monday.
Facebook has acquired Swedish mapping technology company Mapillary, which collects images from tens of thousands of contributors to build immersive and up-to-date maps.
Facebook’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payment as they would a photo or video.
Facebook fired an employee who had criticised CEO Mark Zuckerberg’s decision not to take action against inflammatory posts by US President Donald Trump this month.