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Facebook Is A ‘Digital Gangster’, Intentionally Violating Anti-Competition Laws: Lawmakers

facebook gangster anti privacy law
A scathing 108-page report by British lawmakers has accused Facebook of acting like a digital gangster with scant regard for user privacy and flouting anti-competition laws.The report by the U.K. Digital, Culture, Media and Sports committee was published on Monday. It comes after an 18-month-old investigation into allegations of disinformation and fake news spread over the networking site.The report...

Facebook’s Revenue From China Is A Bolt From The Blue

When a person really desires something, all the universe conspires in helping you achieve it, said Paulo Coelho.One wonderful example of this is Facebook Inc. (NASDAQ:FB) generating between $5 billion and $7 billion in revenue in China - a country where its site does not even operate.Owing to the ban imposed by the Chinese government in 2009, people in...

Facebook Negotiating Record Penalty For Alleged Privacy Breaches

facebook paying fine
Facebook Inc. (NASDAQ:FB) is reportedly negotiating with the U.S. government a record, multi-billion dollar fine for breaching user privacy, after being accused of sharing personal information regarding 87 million users inappropriately with the now defunct British political consulting firm Cambridge Analytica.The breaches might cost the Mark Zuckerberg owned network dear because, as per a Washington Post report, the penalty might...

Did Facebook Start The #TenYearChallenge To Get Your Data?

tenyearchallenge
So, are you done with liking your friends’ #TenYearChallenge pictures on Facebook, Instagram and Twitter?Wait, did you post pics of yourself in 2009 and 2019 as well?Cute, wasn’t it?Seeing how your friends and loved ones have transitioned over the years. How many of them have, to use the clichés, ‘aged like a fine wine’, ‘look just the same’ or...

Facebook Q4 2018 Result: The Eye Popping Highlights

facebook financial result Q4 2018
You may love it, hate it but can't ignore it! And, no other than Facebook Inc. (NASDAQ:FB) justifies it better.Despite all the hullabaloo, hue and cry against the world's largest social media platform in that led detail clarification by Mark Zuckerberg recently, internet users stayed glued with it. Facebook Q4 2018 financial result is out and, boy, what a...

Facebook Wants Unlimited Access to Your Phone, And Paying For It!

facebook paying users for app
Already facing flak for tricking kids into spending money while playing games on Facebook (NASDAQ:FB) by using their parents’ payment details, the social giant is in the midst of a new controversy. As per the recent report, Facebook has been secretly paying teenagers and unsuspecting adults to get unlimited access to their devices by installing an app cleverly guised...

Facebook Hiding Behind Lame Excuse For Blocking All Third Party Tools Collecting Political Data

Courting controversy is a way of life for Facebook Inc. (NASDAQ:FB). It just has to hit the headlines, by whatever means.Shortly after the Facebook CEO tried to undo some of the damage to the company’s image in the previous year marred by scandals by shedding more light on Facebook’s working model last week, he announced the merger of three...

Facebook Has Pulled Off A Masterstroke By Integrating Its ‘Family Of Apps’?

whatsapp instagram messenger integration
It’s indeed hard to believe that ONE man sitting at Menlo Park, oversees how nearly a third of the world’s population interacts with each other in the online space.Incredible- isn’t t?Together, Facebook, WhatsApp, Instagram and Facebook Messenger, have more than 2.6 billion users. And three of those are among the world’s largest messaging networks. Mark Zuckerberg, the man who...

Why Is Zuckerberg Explaining Facebook’s Business Model After 15 Years Of Existence?

increase Facebook reach
Having faced major trust issues and allegations of the privacy breach in 2018 over the manner in which Facebook Inc. (NASDAQ:FB) handled the personal data of 2.2 billion users all over the world, Zuckerberg once again defended his company’s business model in the Wall Street Journal op-ed while elaborately explaining how the world's largest online social platform operates.In the...

Conservative Boomers More Susceptible To Fake News On Facebook, Most Likely To Share The Same [STUDY]

Of the many quandaries that Facebook faces, the most abominable are Fake news and the menace it spreads! Not to forget the whole mess around U.S Presidential elections with the chance of misleading information to be a possible influence. Again, the aftermath of the same has been a major concern and yes, far-fetched. That being said, the "who" factor...

Social Media Usage On the Rise: Good Or Bad News for Businesses?

social-media-impact-on-ecommerce
Miriam Kramer, the popular author at one of the world's most popular news websites Mashable, gave a precious piece of advice to the world this earlier this year, urging smartphone users to delete the Facebook app from their phones.Miriam pointed out that the mindless scrolling through the random updates posted by her mom's friends and the people whom she...

Tim Cook Praises Google After Blasting Its Privacy Policy!

tim cook praises google
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook recently spoke against the "big tech companies" using their consumers' privacy for profits. However, when you're in a deal with one of the companies you just blasted, you might be on the receiving end of a few uncomfortable questions. Let us have a look into the speech and its implications in detail. Privacy: A Cause...

Facebook’s Crunch Conquest: By Relying Largely On The US Market, Is Facebook Running a Risk?

Two billion! That's Facebook, Inc. (NASDAQ: FB) for you - Right when you thought that this social-media giant has already connected the entire world, it's proving that it can grow faster than ever before. In terms of logged-in users, Facebook ranks much above YouTube’s over 1 billion, Twitter's 326 million and Snapchat's 186 million.However, in a recent development, one observation...

Facebook Yearly Revenue and Net Profit From 2007 to 2018

Facebook Revenue and Net Income
 The above DGraph represents Facebook's annual revenue and net profit from 2007 to 2018, worldwide. In Q2 2018, Facebook posted a record revenue of $13,231 million, that's a massive 42% YoY increase. While the quarterly net profit reached $5,106 million, up 31% from the same period a year ago. A majority of Facebook's revenue comes from Advertising business.Interestingly, Facebook...

Facebook Lasso: Copying Is The New Synonym Of Innovating?

facebook lasso
Last Friday, Facebook Inc. (NASDAQ:FB) discreetly launched their standalone video app called “Lasso”. The app stands to be a direct competition, to the famous video app “TikTok”. Facebook Lasso is practically the same as TikTok. It provides the similar functionality of capping the videos at 15 seconds and additional features like lip-syncing to the users’ favourite songs from the...

Facebook Quarterly Revenue, Worldwide

Facebook Quarterly Revenue, Worldwide
 The above DGraph represents the worldwide Facebook quarterly revenue, from Q4 2010 to the most recent quarter.In Q3 2018, Facebook posted a quarterly revenue of $13.7 billion, globally. That's a significant 33% YoY increase. Interestingly, a whopping 98.6% of Facebook's total revenue in the third quarter came through Advertising. However, Facebook quarterly revenue grew a minimal 3.75% compared to the previous...

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YouTube Should Have Bid Adieu To Dislike Button Much Earlier?

Online video sharing platform YouTube can be a ruthless place for content creators targeted by 'dislike mobs'. And the site owners totally understand that...

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