Facebook has unveiled a wireless virtual-reality headset called Oculus Quest, an attempt to help popularise the developing technology with a more mainstream audience.
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The founders of Instagram are leaving Facebook after growing tensions with CEO Mark Zuckerberg over the direction of the photo-sharing app.
It’s been a bad year for Facebook. Okay, a truly terrible year. It just got even worse with the departure of Instagram founders Kevin Systrom and Mike Krieger.
Facebook on Wednesday reported second quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year.
Facebook was pummelled by public criticism over privacy issues during the second quarter. Don’t expect to see much evidence of that turmoil in Facebook’s earnings report on Wednesday.
Facebook’s Instagram is estimated to be worth more than US$100-billion (R1.4-trillion), if it were a standalone company, marking a 100-fold return for the app was purchased in 2012, according to data compiled by
Facebook’s photo-sharing app Instagram has reached a billion monthly active users. To spur future growth, the company announced a new feature: Instagram television. Anyone will be able to upload videos for Instagram’s new
Facebook is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising – it’s the fourth time the
Mark Zuckerberg must be very accustomed to getting his way. When you’ve built two platforms with over a billion customers each (Facebook and Messenger), then acquired and grown another two to a similar size
Snapchat’s parent company Snap has filed for its initial public offering on the New York Stock Exchange. Hoping to raise US$3bn, the IPO would value Snap at between $20bn and $25bn, putting it at almost twice the expected valuation