updated - July 9, 2020 Thursday EDT
Facebook, Inc. has announced that it will be updating its Facebook Pages to cater more to mobile devices to help businesses build a mobile presence and communicate easily with customers, according to a news release from Facebook.
Google Inc added close to $65 billion to its market value last Friday, after it outperformed profit expectations on the strong performance of its Youtube business and in anticipation of more disciplined spending.
Facebook is giving Youtube more reasons to look over its shoulder as the social media network is increasingly becoming a viable outlet for online video ads that have been dominated by Google's video arm.
Apple chief executive Tim Cook is claiming that companies likes Facebook and Google are using their free online service to monetize on the private data of users. His company will never take on the same path, Cook said.
Facebook has added another layer of protection to the privacy of its billion-strong members. The social networking giant announced that starting this week, emails it will send to users will be encrypted by OpenPGP or Pretty Good Privacy standard.
Facebook, Inc. announced Thursday that it looks to bring internet connection to people around the world through drones, satellites and lasers. Facebook CEO Mark Zuckerberg said the technology will be developed by a team called the Facebook Connectivity Lab.
Facebook Inc. has paid $2 Billion in a deal to acquire Oculus VR Inc., the developer of Oculus Rift. Facebook included $400 million in cash and 23.1 million Facebook shares, totaling a $1.6 billion for the deal.
An investigation by British newspaper the Sunday Post has revealed that people are using Facebook to buy and sell organs. A journalist from the newspaper posed as the brother of a woman who needed a kidney transplant and placed an ad on Facebook looking for a donor.
Turkey’s Prime Minister Tayyip Erdogan has threatened to ban Facebook and YouTube after leaks were released online that revealed alleged government corruption and misuse of public funds. Erdogan stated the ban may take place if he wins the local elections this month.