Facebook has revealed financial results for Q1 2018. The company has generated a total revenue of $4,988 million, an increase of 63% year-over-year. It has reported the quarterly GAAP net income at $11,666 million compared to the $8,032 million same quarter last year. The GAAP diluted EPS was reported at $1.69 compared to the $1.04 in 2017. Continue reading “Facebook reports $4.9 billion net income in Q1 2018, up 63% YoY; 2.20 billion monthly active users”
Facebook today has published ‘internal enforcement guidelines to better help users in understanding where it draws the line on nuanced issues. It is also hoping that publishing ‘internal enforcement guidelines will help experts in different fields to give feedback so that the company can improve the standards. Continue reading “Facebook publishes ‘internal enforcement guidelines’, expands its appeal process”
Facebook today has detailed on its approach towards terrorism on its platform. The company says that it defines terrorism as any non-governmental organization that engages in premeditated acts of violence, government, or international organization in order to achieve a political, religious, or ideological aim. Continue reading “Facebook removed 1.9 million terrorism content in Q1 2018, vows to improve the platform”
Facebook is said to be forming team internally to design its own chipsets following the trend of limiting the dependency on chipmakers such as Intel Corp. and Qualcomm Inc. Facebook is also looking into hiring a manager to build an “end-to-end SoC/ASIC, firmware and driver development organization, according to a latest report from Bloomberg. Continue reading “Facebook reportedly forming team to design its own chipsets”
According to a latest report , Facebook is testing Messenger payments in India. Furthermore, Facebook is also said to be quietly working on building a payments platform, which is independent of WhatsApp payments. Continue reading “Facebook said to be beta testing Payments in Messenger in India”
Facebook today has announced a new ‘Data Abuse Bounty’ program to reward people who report any misuse of data by app developers. Facebook aims to quickly uncover potential abuse of users information and it says that the new Data Abuse Bounty is inspired by the existing bug bounty program that we use to uncover and address security issues. Continue reading “Facebook announces ‘Data Abuse Bounty’ program with up to $40,000 rewards”
After retracting messages sent by Mark Zuckerberg from the recipients’ inboxes, Facebook confirmed that it would soon let everyone unsend messages and is already considering how to build this product. However, the ability won’t be coming anytime and might take several months. The company also clarified that it would no longer retract messages of executives until the feature is available to everyone. Continue reading “Facebook to eventually allow everyone to unsend messages”
Facebook today is updating its terms and Data Policy to make it clear for users about the service. Facebook is updating its data policy to let users know about the data it collects, and it uses the same on its platforms like Instagram, Messenger, and other products. Continue reading “Facebook updates its terms of service and data policy to make it easier to understand”
Facebook Messenger has received the ability to send 360-degree photos, panoramic photos, and high-definition videos directly in Messenger. Facebook will now allow users to send and receive HD quality; 720p videos straight from their camera roll. Continue reading “Facebook Messenger now lets you share 360-degree photos and HD video”
Facebook last year started providing more background information about the publishers and articles users see in News Feed. Today the company is rolling out this feature to everyone in the US and adding additional features to provide more context to users. Continue reading “Facebook News Feed updated with more background information on publishers and articles”
Facebook has been in the news over the past week or so for all the wrong reasons. The company has officially come out and announced its roadmap in cracking down the platform abuse and user data security. Today the company is back at it and mentioned that it is revamping its privacy and security settings. Continue reading “Facebook revamps privacy and security settings following criticism”
Facebook was expected to introduce the smart Home-Speaker at the F8 event in May but now it looks like the company has delayed its plans amid data-privacy practices and the outrage surrounding it, according to industry sources. Continue reading “Facebook reportedly delays Home-Speaker launch over user-data privacy violation crisis”
Over the past few days, Facebook has been under a lot of pressure over Cambridge Analytica data misuse and today to dent it further, FTC (Federal Trade Commission) confirms that it is investigating Facebook over privacy violations. Tom Pahl, Acting Director of the Federal Trade Commission’s Bureau of Consumer Protection, in a statement, confirmed that it has an open non-public investigation. Continue reading “FTC confirms it is investigating Facebook over privacy violations”
At the start of this year, Facebook announced that it is prioritizing more local news in the news feed in the US to prioritize local news. Today the company is expanding it to people in all countries, in all languages. Continue reading “Facebook expands to prioritize more local news in news feed globally”
Facebook Call and text history logging is part of an opt-in feature for people using Messenger or Facebook Lite on Android for quite some time now. However, reports started flowing in that the company has been logging people’s call and SMS (text) history without their permission. Today, the company clarified that it is an opt-in feature. Continue reading “Facebook clarifies Facebook Lite and Messenger call and text history logging is opt-in, can be deleted”
