Facebook shares surged in late trading after the largest social media company posted robust quarterly sales growth and signalled it may be close to resolving a US privacy investigation.
Facebook reported revenue that beat Wall Street estimates as advertisers stuck with the social media company through a series of privacy scandals.
Facebook chief operating officer Sheryl Sandberg told employees to investigate financial dealings by George Soros, the billionaire who criticised the company at the World Economic Forum in Davos in January.
Facebook chief operating officer Sheryl Sandberg has come under fire for her handling of company disclosures about Russia’s election influence. CEO Mark Zuckerberg came to her defence on Tuesday.
Elon Musk said no one saw or reviewed his tweet about the plan to take Tesla private before he posted it, The New York Times reported, citing an interview in which the billionaire frequently teared up.
Facebook has been conducting market research in recent weeks to determine whether an ad-free version paid by subscriptions would spur more people to join the social network, according to people familiar with
Facebook hasn’t felt an immediate financial sting from the latest controversies over how it collects and protects people’s information. But that doesn’t mean the company is free from danger. Facebook’s first-quarter revenue rose
Facebook CEO Mark Zuckerberg and chief operating officer Sheryl Sandberg have apologised (again and again) for the company’s handling of user data. The best indication that they aren’t actually sorry
Revelations that data belonging to as many 87m Facebook users and their friends may have been misused has become a game changer in the world of data protection as regulators are looking to raise awareness
Facebook is heading toward its worst month since May 2013 after an analyst report warned of a temporary pullback in advertising and the US Federal Trade Commission confirmed it’s investigating the social