Facebook CEO Mark Zuckerberg, the fifth-richest person in the world, was asked by an employee to respond to an assertion by US presidential candidate Bernie Sanders that billionaires shouldn’t exist.
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Instagram has unveiled a new messaging app called Threads, which has striking similarities to Snapchat.
Four payments companies that have joined Facebook as founding members of the Libra Association are wavering over whether to officially sign on to the cryptocurrency project.
Historically, powerful entities tend to consolidate their power. But the recent populist backlash might push technologists to move in the opposite direction.
Facebook has said it has suspended “tens of thousands” of apps made by about 400 developers as part of an investigation following the Cambridge Analytica scandal.
Facebook has said it expects to name the first members of a new quasi-independent oversight board by the end of the year.
Facebook has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to people with knowledge of the work.
Facebook is taking the first major step in a plan to merge its systems and let users exchange messages among all its different mobile apps.
Facebook showed that its business can weather all kinds of regulatory scrutiny – as long as people keep flocking to Facebook.
The US Federal Trade Commission has voted to approve a fine of about US$5-billion for Facebook over privacy violations, the Wall Street Journal has reported.