Facebook posts $7.4 billion profit, up 6.78% YoY in Q4 2019, MAUs up 8%

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Facebook has reported a good year for 2019 as it released its Q4 2019 earnings report. The total earnings posted for this quarter was $21082 million which amounts to a YoY growth of about 24.64% from Q4 2018. The net income on the other hand, was reported at $7349 million which calculates to an increase of approx. 6.78% YoY.

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Facebook building its own OS for its future AR glasses other devices: Report

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It seemed inevitable that Facebook would eventually decide to make its own operation system to reduce its dependancy on Google for Android, Apple, etc. In a report by theinformation.com, Facebook is currently looking into developing an OS from the ground up for its future hardware devices.

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Facebook testing data transfer tools directly to other services starting with Google Photos

Facebook has announced that they are testing a new tool that will streamline the process of transferring data from one service to another. The tool will allow users to transfer their Facebook photos and videos directly to other services, starting with Google Photos.

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Facebook Viewpoint market research app pays users to answer surveys

Facebook is getting into the market research space with a new app called Facebook Viewpoints. The app will reward people for participating in surveys, tasks and research. Facebook claims the data collected from these methods will be used to improve products like Facebook, Instagram, WhatsApp, Portal and Oculus, and to benefit the broader community.

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Facebook launches Facebook Pay payment service in the US

Facebook appears to be keen on entering into financial systems with products like Calibra wallet, Libra Network and now its latest venture is Facebook Pay. It intends on creating a uniform payment experience across its services like Facebook, Messenger, Instagram and WhatsApp and will launch in US for Facebook and Messenger this week.

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Facebook app lets users customise navigation shortcut bar

Facebook has been testing the option to let users customise their navigation bar in its Beta app for a while. The option is now rolling out everyone, with iOS users already having the update and Android users getting it over the next few weeks.

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Facebook Q3 2019 earnings report released, Mark Zuckerberg confirms political ads will continue

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Facebook has released their quarterly earnings report for Q3 2019. The company has posted a 29% year-on-year growth in total revenue, split between 28% from advertising and 42% from Payments and other fees. Mark Zuckerberg, Facebook’s CEO, also explained in a post how they will not ban political advertising on the platform while the company believes in defending free expression.

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Facebook is testing dedicated Facebook News feed

Facebook has announced that it has started testing Facebook News in the US, giving people more control over the stories they see, and the ability to explore a wider range of their news interests, directly within the Facebook app. “It also highlights the most relevant national stories of the day, said the company. Facebook News articles will continue to appear in News Feed as they do today. Continue reading “Facebook is testing dedicated Facebook News feed”

Instagram testing new ‘Threads’ messaging app to rival Snapchat

Facebook has been introducing new features recently on its platform and also been testing new features in WhatsApp, Instagram etc. Similarly, now according to new reports, Facebook is working on a new messaging app called ‘Threads’ to take on Snapchat.

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Facebook renames groups privacy settings; adds admin tools for safety

Facebook introduced new features at the F8 event earlier this year including a refreshed design, new tools for Groups and more. On similar lines, Facebook has now announced that they are rolling out a new simplified privacy model for Groups and bringing clarity about the privacy settings for their groups.

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Facebook is testing dark mode for mobile

Earlier this year at the F8 2019, Facebook introduced several new features to its platform including ‘FB5’, a fresh new design which is simpler, faster and more immersive than ever before. On similar lines, according to a new report, Facebook is reportedly testing a dark mode for mobile and is said to be in an early stage of development.

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Facebook fined $5 billion by US Federal Trade Commission for privacy violations, brings rigorous new privacy standards

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The US Federal Trade Commission has fined Facebook a whopping $US 5 billion for violating a 2012 FTC order on consumers’ privacy. It is is the largest ever imposed on any company for privacy violations and almost 20 times greater than the largest privacy or data security penalty ever imposed worldwide.

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