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EU Alleging Facebook For WhatsApp Deal Misleading
European Officials Accuse Facebook of Misleading Them on WhatsApp Deal European competition officials filed charges on Tuesday against Facebook, accusing the social media giant of making misleading statements to receive regulatory approval for its $19 billion purchase of WhatsApp, the internet messaging service.
Germany Has Legal Standing To Charge Facebook €500,000 For Each Fake News Post
Germany could fine Facebook €500,000 for each fake news post. The country of Germany isn't confident Facebook can self-regulate its fake news problem.
Facebook To Restrict Some News Stories In China
Facebook will hold and make some news stories censored in China. Facebook's mission of making "the world more open and connected"was at odds with China's mission to wall off its Internet and censor content its government finds objectionable.
Facebook Unveils Plan Against Fake News; Public Calls It Too Late And Too Vague
Facebooks plan againts fake news was tagged as late and vague by the public. CEO Mark Zuckerberg speaks.
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Facebook racked up $2.379 billion in profit, up an impressive 16% versus the $2.05 billion it raked in last quarter, and up a stellar 160% year over year. Expenditures were up slightly to $1.1 billion. Facebook is sitting on $26.14 billion in cash, equivalents, and securities now, just in case it wants to buy another WhatsApp.
Facebook is realizing that social media nowadays is all about videos and photos. That is why it sees to create and produce a snapchat-like camera-centric focus.
Facebook, the parent company of Oculus, begins to widen its users’ imaginations with its newest virtual reality technology. This technology will determine how social interaction from users around the World Wide Web happens, and the good news is, we may witness the initial preparations for this advancement earlier than it is expected.
Mark Zuckerberg, CEO of Facebook announces its virtual reality on a social network. The new app has a lot of features where users can enjoy the fabulous games, chat, music and etc.
Pivotal raised its objective price on Facebook's shares from $136 to $154 and restated a buy rating for the company, suggesting 51% upside to Tuesday's ending price.
Haptik has raised $11.2 million from Times Internet through a Series B funding round. Haptik will use the fund to develop its business portfolio, boost non-natural workforce abilities as well as improve business policies.
Unity Technologies, a creator of gaming software, is reportedly in negotiations to raise funds, which could value Unity at $1.5 billion.
Dumont & Blake Investment Advisors LLC reduced its shareholding in Apple by 6% in the final quarter of 2015. Dumont sold 2,164 shares of the company in the fourth quarter and currently owns 34,115 of Apple shares.
Instagram announced its decision to apply algorithms to reorder feeds, showing posts based on likelihood instead of time. Instagram is the latest among other social media giants to embrace such change.
