The founders of Instagram are leaving Facebook after growing tensions with CEO Mark Zuckerberg over the direction of the photo-sharing app.
Browsing: Mark Zuckerberg
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 said it has investigated thousands of apps and suspended 400 of them since a developer data leak scandal broke in March.
Facebook has always had one absolute leader, cemented by a share class structure that maintained Mark Zuckerberg’s voting control even when he sold millions of shares. Some investors want change.
What happened? That’s what many of Facebook’s investors have spent the last 18 hours wondering.
After all the controversy Facebook has generated in recent months, it seemed almost inevitable that at some point the social media giant would get what it had coming. A reckoning.
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 CEO Mark Zuckerberg has walked back on comments that appeared to defend Holocaust deniers, after trying to explain how careful the social-media giant tries to be before kicking people off the
Early in Warren Buffett’s life, his father failed to get hired at the family grocery store during the Great Depression. Without a job, and without any money after a run on the banks, the family of four ran up a tab