Tag: Facebook

Wednesday, March 21st 2018 - 10:07 UTC
Facebook shareholder suing the company, which has lost US$ 50bn in value

A Facebook shareholder is suing the social media giant for allegedly misleading investors in the Cambridge Analytica affair that's currently rocking the social network. Fan Yuan, who owns Facebook stock, filed a lawsuit Tuesday in the District Court of Northern California, located in San Francisco, on behalf of Facebook shareholders. Gizmodo first reported the lawsuit, which is seeking class action status. You can read the full complaint here.
Friday, January 26th 2018 - 09:11 UTC
Soros blasts tech monopolies such as Facebook and Google: 'a threat to democracy'

Hungarian born billionaire investor George Soros has criticised tech “monopolies” such as Facebook and Google, calling them a threat to democracy. At his annual dinner at the World Economic Forum in Davos, Soros warned that social media platforms were “obstacles to innovation”.
Tuesday, August 1st 2017 - 08:34 UTC
Facebook forced to shut down AI system after they communicated in language unknown to humans

Facebook was forced to shut down one of its artificial intelligence systems after researchers discovered that it had started communicating in a language that they could not understand. The incident evokes images of the rise of Skynet in the iconic Terminator series. Perhaps Tesla CEO Elon Musk is right about AI being the “biggest risk we face.”
Thursday, May 4th 2017 - 06:02 UTC
Facebook hires 3.000 people to help stop hate speech, abuse and self-harm broadcast on the website

Facebook is hiring 3,000 people for its “community operations team”, to help stop hate speech, child abuse and self-harm being broadcast on the website. Chief executive Mark Zuckerberg said it had been “heartbreaking” to see people “hurting themselves and others” in videos streamed live on Facebook.
Wednesday, March 2nd 2016 - 07:08 UTC
Brazilian police arrests Facebook executive for refusing to release WhatsApp data

Police in Brazil have arrested the vice president of the social media company Facebook in Latin America. Diego Dzodan, an Argentine national, has repeatedly refused to comply with court orders to hand over data for use in a criminal investigation into drugs trafficking, police said. His arrest relates to the messaging service WhatsApp, owned by Facebook.
Wednesday, December 2nd 2015 - 09:52 UTC
Facebook's Zuckerberg will give away 99% of shares to good causes

Facebook's Mark Zuckerberg and his wife Priscilla Chan say they will give away 99% of their shares in the company to good causes as they announce the birth of their daughter Max. Zuckerberg made the announcement in a letter to Max on his Facebook page.
Tuesday, June 14th 2011 - 22:20 UTC
Facebook preparing for public offering; company value over 100 billion USD

Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than 100 billion US dollars, financial news channel CNBC reported this week.
Thursday, April 7th 2011 - 20:14 UTC
Messi’s Facebook page collects 7 million Likes in just a few hours

Few hours after Argentine football star Lionel Messi started a Facebook Page, the Barcelona's striker has almost 7 million Likes.
Wednesday, February 9th 2011 - 06:39 UTC
Egypt discovers a cyber hero for its anti Mubarak revolution

In Wael Ghonim, Egypt's anti-Mubarak street movement finally found a hero to rally around after a period of leaderless protest. The Egyptian-born Google marketing executive first played a role in organising the opposition through Facebook, only to disappear into police custody for 12 days.
Tuesday, December 21st 2010 - 02:51 UTC
In less than a year Twitter’s value has soared to 3.7 billion USD

Twitter has raised 200 million US dollars of financing in a deal that value the micro-blogging company at 3.7 billion, less than a year after it began its first serious efforts to make money.