Mike Schroepfer, Facebook's chief technology expert steps down from his position

Highlights

• Mike Schroepfer stepped down from his position
• Schroepfer spent 13 years in the social media company

On Wednesday, Facebook executive Mike Schroepfer resigned from his position, he has been chief technology officer of the ...

US SUPREME COURT TURNS AWAY FACEBOOK'S APPEAL TO SCRAP $15 BN LAWSUIT

Highlights

• The litigation has accused Facebook of violating the Wiretap Act, a federal law, saying the company has been secretly tracking the visits of users to websites

• Facebook's appeal was turned down by the justices as they declined to hear it

&...

RUSSIA ACCUSES FACEBOOK OF VIOLATING CITIZENS' RIGHTS AS IT BLOCKED SOME MEDIA POSTS

Highlights

• The company has been threatened with a fine of minimum 1 million rouble by communications watchdog Roskomnadzor

• Roskomnadzor said Facebook had blocked posts in regards with Russia’s detention of alleged supporters of a Ukrainian far-right group

FACEBOOK, INSTAGRAM BAN PRESIDENT TRUMP’S ACCOUNTS INDEFINITELY: MARK ZUCKERBERG

Highlights

• The Facebook CEO wrote on his page that “We believe the risks of allowing the President to continue to use our service during this period are simply too great.”

• Meanwhile the microblogging site Twitter on Thursday blocked the outgoing US Pr...

MARK ZUCKERBERG THREATHENED TO PULL INVESTMENT FROM THE UNITED KINGDOM

Highlights:

• The founder of Facebook mark Zuckerberg has been threatened for pulling out the investment out of the United Kingdom
• Mark Zuckerberg have been complaining that, the government of the United Kingdom had been anti-tech

Mark...

MUSK ADDS $15 BILLION TO HIS NET WORTH ON REPORTS OF TESLA'S S&P 500 INCLUSION

Highlights

• Skyrocketing Tesla shares, testing positive for the COVID-19 and launching four astronauts into space, Elon Musk seems to be having the most eventful year

• Musk's wealth surged $90 billion in last ten & half months, which is the biggest gain on ...

ELECTION-RELATED ADS STILL LISTED ACTIVE ON FACEBOOK AD LIBRARY

Highlights

• The social media giant Facebook made an announcement last month that is would immediately stop running political ads in the U.S. after polls are closed for the 2020 election

• Facebook took this decision to keep these kind of ads halted for an indefinite...

FACEBOOK TEMPORARILY HALTS POLITICAL AND NEW GROUP RECOMMENDATIONS

Highlights

• This was confirmed by the Facebook co-founder and Chief Executive Officer Mark Zuckerberg during a Senate hearing on Wednesday

• Zuckerberg said that they have taken the steps to stop recommendations in groups for all political content or social issue gr...

US SENATE JUDICIARY COMMITTEE ASKS ZUCKERBERG, DORSEY TO TESTIFY BEFORE IT ON NOV 17

Highlights

• An article about wrongdoings of Hunter Biden and his father Joe Biden was published in New York Post, but was blocked by Facebook and Twitter

• According to an announcement by the Senate Judiciary Committee Chairman Lindsey Graham on Friday, Facebook CEO...

AFTER GOOGLE, U.S. LIKELY TO FILE ANTITRUST CHARGES AGAINST FACEBOOK

Highlights

• Reports state that the Federal Trade Commission (FTC) which is responsible for consumer protection in the country, secretly held a meeting to examine the situation

• Facebook co-founder and CEO Mark Zuckerberg said that he was questioned at an FTC invest...

TO CURB POST-ELECTION MISINFORMATION, FACEBOOK PLANS TO HALT ITS POLITICAL AD SECTION

Highlights –

• To curb post-election misinformation, Facebook plans to halt its political ad section.
• Last year, Twitter had also banned political ads.
• Twitter in recent months has placed fact-checking and warning labels on tweets from...

FACEBOOK MADE PROFITS DESPITE COVID-19 & AN AD BOYCOTT

Highlights

• Facebook reported net profit of $5.18 billion in this quarter, compared to $2.62 billion reported in the same quarter of 2019

• According to CFO David Wehner, top 100 advertisers of the company accounted for 16 percent of Facebook’s revenue

MARK ZUCKERBERG : AMERICA’S STRUGGLE WITH THE 2nd WAVE OF COVID A GOVT DISAPPOINTMENT

Highlights: 

• Dr Fauci and Mark Zuckerberg interacted on a lie chat that was also live-streamed 
• Both agreed that the US needs to come together to combat the virus 

As the US struggles to survive the second wave of covid19 surge, Facebo...

AUDITORS EXPRESSED SIGNIFICANT CONCERNS OVER FACEBOOK’S CONTROVERSIAL POSTS

Highlights –

• Auditors have expressed significant concerns over Facebook’s controversial posts.
• A controversial post by President Donald Trump on Facebook has led to disappointment amongst many.
• Major brands plan to boycott ...

FACEBOOK’S LACK OF POLICING CONTENT COSTS IT A LOSS OF $7.2 BILLION

Highlights: 

• Facebook criticized for not policing hate speeches and misinformation on its platform 
• Big brands are boycotting Facebook by stopping their paid activities on the platform
• Facebook loses $7.2 billion 

During the...

FACEBOOK’S ZUCKERBERG MIGHT BE LOOKING AT A REMOTE WORKING MODEL

Highlights:

• Facebook’s Mark Zuckerberg hints at making working remotely a permanent feature of the company
• The social media giant will begin hiring workforce from July 1, 2020, for various profiles from Dallas, Denver and Atlanta areas

The pand...

JIO PLATFORM - FACEBOOK DEAL: FB GETS 9.99% STAKE IN JIO PLATFORM

Highlights:

• Jio platforms and Facebook enters a binding agreement
• Facebook invests $5.7 million in Jio Platform
• FB gains a 9.99% stake in Jio platform

Social media mogul Mark Zuckerberg's Facebook has decided to invest in Jio platforms...

Retail use cases come into focus as virtual and augmented reality increases

Look not now, but in the retail world, virtual reality and augmented reality are beginning to make greater gains. These are still early days but developments are coming together— and aspirations are increasing, not only due to the advancement of AR and VR technologies but also to the coming...

What the U.S. Intelligence 2020 Thinking will feel like

Mark Zuckerberg founded Facebook in 2004. George W. Bush has been re-elected president of the United States. And US intelligence analysts interviewed hundreds of specialists across five continents to try to predict what the world would look like in 2020.

As a consequence, the 119-page s...

Facebook’s Libra is not the real threat, A Chinese digital currency is

In a statement by Mark Zuckerberg, the CEO of Facebook, at Congress, he mentioned that the US did the right thing by regulating the latest payments technology. He mentioned that one may not like Libra, the cryptocurrency proposed by Facebook, but that a digital currency run by the Chinese state, ...