Facebook reported fourth-quarter revenue of $21.08 billion, up 25% from the year earlier and above Wall Street expectations of $20.8 billion. Advertising revenue, the bulk of it, also surged 25% also to $20.7 billion
Earnings per share rose to $2.58 from $2.36. Shares were down more than 7% in after hours trading as…
Facebook CEO and co-founder Mark Zuckerberg sang his same old tunes on CBS This Morning today, answering co-host Gayle King’s questions about political ads and anti-trust issues with seemingly well-rehearsed bromides about free speech and the value of “bringing people together.”
Zuckerberg has repeatedly refused to…
UPDATED with speech video:Sacha Baron Cohen on Thursday used his speech accepting the ADL’s International Leadership Award in New York to call out social media giants including Facebook, Twitter and Google for their roles in amplifying hatred and violence in society.
“All this hate and violence is being facilitated…
UPDATE, with Zuckerberg responseFacebook CEO Mark Zuckerberg has responded to Aaron Sorkin’s blistering New York Times open letter by quoting the Social Network screenwriter’s own words – from 1995’s The American President.
“America isn’t easy. America is advanced citizenship. You gotta want it bad, ’cause it’s gonna…
Facebook has launched tests of a “News” tab, which aims to limit the flow of phony stories populating the platform, declaring the ambitious initiative an effort to “strengthen democracy.”
The tab will not disrupt the normal functioning of the News Feed or items that appear therein, but it will aim to give users more…
Mark Zuckerberg again defended Facebook’s policy of not fact-checking political ads, as he faced withering criticism from lawmakers concerned about the spread of misinformation in the 2020 election.
The purpose of Zuckerberg’s appearance before the House Financial Services Committee on Wednesday was to explain the…
New York Attorney General Letitia James said 46 other attorneys general have joined her antitrust investigation into Facebook, adding more legal firepower to a potential lawsuit.
The Federal Trade Commission and the Department of Justice have already opened antitrust investigations. At a Wall Street Journal…
Facebook CEO Mark Zuckerberg isn’t backing away from the company’s decision to accept political ads without fact-checking the spots, arguing that “people should decide what is credible, not tech companies.”
Zuckerberg has been a frequent presence lately in Washington, meeting with activists, lawmakers and even…
Facebook is under scrutiny as #DeleteFacebook has become a trending topic once again in the wake of reports of the social media platform’s CEO Mark Zuckerberg having off-the-record dinners with conservatives.
According to Politico, the dinners began in July and were an attempt to connect with the right after Donald…
Leaked audio of Facebook founder and CEO Mark Zuckerberg reveals him assuring employees in July that the company would prevail against breakup attempts by Democratic presidential hopeful Elizabeth Warren.
“If she gets elected president, then I would bet that we will have a legal challenge and I would bet that we will…
2ND UPDATE, 5:06 PM:Facebook CEO Mark Zuckerberg’s meetings in Washington on Thursday included a visit with President Donald Trump, who has claimed the social media platform has been biased toward Democrats.
But in a message on Twitter, Trump posted a picture of him meeting with Zuckerberg in the Oval Office and…
Facebook did not break stride despite agreeing Wednesday morning to pay a record $5 billion fine to the U.S. government, posting second-quarter results after the close of trading that exceeded Wall Street expectations.
Earning per share came in at $1.99 a share, better than analysts’ consensus forecast of $1.88, while…
