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Israeli minister says Facebook a ‘monster’, hindering security

July 2, 2016 by · Leave a Comment 

Israel's Minister of Internal Security on Saturday accused Facebook and its founder, Mark Zuckerberg, of not doing enough to prevent incitement against Israel and said the social network was “sabotaging” Israeli police work. Israel has in the past said Facebook is used to encourage attacks and the government is drafting legislation to enable it to order Facebook, YouTube, Twitter and other social media to remove online postings it deems incite terrorism.

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Israeli minister says Facebook a ‘monster’, hindering security

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Facebook investors OK new share class to keep Zuckerberg at helm

June 20, 2016 by · Leave a Comment 

(Reuters) – Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company he founded. The company's plan to issue two “Class C” shares for each Class A and Class B share held by shareholders, in what is effectively a 3-for-1 stock split, was approved by Facebook shareholders at the company's annual general meeting on Monday. The Class C shares will be publicly traded under a new symbol.

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Facebook investors OK new share class to keep Zuckerberg at helm

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Facebook founder Zuckerberg’s social media accounts restored after alleged hack

June 6, 2016 by · Leave a Comment 

Facebook Chief Executive Mark Zuckerberg's Twitter and Pinterest accounts have been resecured, a spokesman from the social media platform said on Monday, responding to questions about weekend media reports that the founder's sites had been hacked. Zuckerberg's Twitter and Pinterest accounts were compromised over the weekend, according to a report on Sunday from technology news website VentureBeat.

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Facebook founder Zuckerberg’s social media accounts restored after alleged hack

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Facebook’s politics under scrutiny but federal oversight seen unlikely

May 18, 2016 by · Leave a Comment 

By Yasmeen Abutaleb and Dustin Volz WASHINGTON (Reuters) – As Facebook Inc Chief Executive Mark Zuckerberg prepares to meet conservative leaders on Wednesday to discuss allegations about political bias at the social media website, one thing he may not have to worry about is federal regulation. Although the U.S. Senate committee is investigating whether there is liberal bias in how Facebook employees select news stories for its “trending topics,” there is little chance the government will try to regulate their practices, said Republican Senator John Thune, chairman of the Senate Commerce Committee. “I don't have any reason to believe that would be necessary,” Thune told reporters on Tuesday.

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Facebook’s politics under scrutiny but federal oversight seen unlikely

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Facebook hit with lawsuit over plan to issue new stock

April 29, 2016 by · Leave a Comment 

SAN FRANCISCO (Reuters) – A Facebook Inc shareholder filed a proposed class action lawsuit on Friday in a bid to stop the company's plan to issue new Class C stock, calling the move a “patent attempt” to entrench chief executive Mark Zuckerberg as controlling shareholder.

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Facebook hit with lawsuit over plan to issue new stock

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Facebook revenue smashes expectations as mobile ad sales surge

April 28, 2016 by · Leave a Comment 

Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. Facebook also announced it will create a new class of non-voting shares in a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media juggernaut he founded. The company plans to create a new class of non-voting shares, which would be given as a dividend to existing shareholders.

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Facebook revenue smashes expectations as mobile ad sales surge

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Facebook’s next frontier: chatbots

April 12, 2016 by · Leave a Comment 

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Facebook Inc said on Tuesday it has opened up its Messenger app to developers to create “chatbots,” hoping that by simulating one-on-one conversations between users and companies it will expand its reach in customer service and enterprise transactions. Chatbots are automated programs that help users communicate with businesses and carry out tasks such as online purchases. While chatbots have existed in some form for years, they have recently become a hot topic in the tech business as advances in artificial intelligence and machine learning make them far more capable and potentially able to assume a key role in the way customers communicate with businesses.

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Facebook’s next frontier: chatbots

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Facebook’s Zuckerberg meets propaganda czar in China charm drive

March 19, 2016 by · Leave a Comment 

By Matthew Miller and Paul Carsten BEIJING (Reuters) – Facebook's co-founder and CEO Mark Zuckerberg met China's propaganda tsar Liu Yunshan in Beijing on Saturday as part of a charm offensive in one of the few markets where the social network cannot be accessed. The rare meeting, reported by China's state news agency Xinhua, suggests warming relations between Facebook and the Chinese government, even as Beijing steps up censorship of and control over the Internet.

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Facebook’s Zuckerberg meets propaganda czar in China charm drive

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Court rules against Facebook ‘like’ button in German shopping case

March 9, 2016 by · Leave a Comment 

FRANKFURT (Reuters) – Facebook's “Like” button violates German and European privacy laws in a case brought by a consumer group against an online shopping site which relied on the user recommendation feature, a Dusseldorf regional court said on Wednesday. The ruling followed a complaint by the Nordrhein-Westfalen Consumer Association against a shopping site owned by German department store chain Peek & Cloppenburg KG Duesseldorf, for using the Facebook feature without appropriate user consent. (Reporting By Eric Auchard and Harro ten Wolde in Frankfurt; Editing by Edward Taylor)

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Court rules against Facebook ‘like’ button in German shopping case

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Alphabet to give first peek at cost of ‘moonshot’ bets

February 1, 2016 by · Leave a Comment 

How much is Google-parent Alphabet Inc spending on “moonshots” – self-driving cars, glucose-monitoring contact lenses, Internet balloons and other ambitious projects? Investors will get their long-awaited answer when Alphabet reports fourth-quarter results after markets close on Monday. The results will also show how successful Google was in targeting ads at a fast-growing number of mobile users, especially after Facebook Inc's stellar report.

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Alphabet to give first peek at cost of ‘moonshot’ bets

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