Messaging platform WhatsApp has surpassed two billion active users. The encrypted messaging service, founded in 2009, was bought by Facebook for $19-billion in 2014.
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Instagram, the photo-sharing app Facebook acquired for $715-million in 2012, generated more than a quarter of the social media company’s revenue last year, according to people familiar with the matter.
Mark Zuckerberg used to want everyone to like Facebook Inc. Now, he doesn’t care anymore.
Facebook’s growth is slowing, adding pressure to a company facing more restrictive privacy regulations and continued scrutiny from global lawmakers and antitrust officials.
Facebook is allowing users to clear data which has been linked to their account based on their activity on other websites and apps.
Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than $1-trillion since October.
Intel gave bullish quarterly and full-year revenue forecasts, driven by a surge in demand for chips that power large cloud computing centres. The shares jumped as much as 7.8% in late trading.
Facebook’s libra cryptocurrency starts 2020 looking no closer to release, with authorities in its base in Switzerland raising fresh questions about its suitability as a global currency.
US Democratic presidential candidate Joe Biden has called for the repeal of section 230, part of a US law that protects internet companies from liability for content their users post online.
Apple’s top privacy executive defended the company’s use of encryption after recent clashes with law enforcement and politicians over access to information locked on iPhones.