Hello Meta: Zuckerberg announces Facebook’s new name October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
Facebook crashes… again October 28, 2021 Hundreds have reported an outage on the Facebook platform this morning, just weeks after the site globally crashed for eight hours. Problems were said to start in the UK around 9am this morning but it’s currently unclear whether this was a Facebook-wide issue. Downdetector tweeted from its UK account: “User reports indicate Facebook is having [...]
Facebook’s quarterly earnings shoot up to £6.5bn as it weathers whistleblower storm October 26, 2021 Facebook has recorded third quarter earnings of £6.5bn as it weathers a storm of blistering claims from a former employee. The company reported a net income for the three months ending on September 31 of $9bn, or £6.5bn, up from $7.8bn for the same period in 2020. Backlash against the technology firm has been intensifying [...]
Zuckerberg condemns “coordinated effort” to paint Facebook in a bad light October 25, 2021 Facebook’s chief executive and founder Mark Zuckerberg denounced “the coordinated effort to selectively use leaked documents to pay a false picture” of the social media platform. In his calls to investor to discuss the third quarter results, he said: “I believe large organisation should be scrutinised. I much rather live in a society where they [...]
Facebook delivers good Q3 but expects Q4 to be below estimates October 25, 2021 Facebook has delivered a good progress in the third quarter of 2021, said the company’s chief executive Mark Zuckerberg while announcing the company’s results. “We made good progress this quarter and our community continue to grow,” he said. “I’m excited about our roadmap, especially around creators, commerce and helping to build the metaverse.” The social [...]
Whistleblower says safety is cost centre for Facebook October 25, 2021 Frances Haugen, a former product manager on Facebook's civic misinformation team, appeared before the Joint Committee this afternoon, discussing plans to regulate social media companies.
What we can expect from Facebook’s Q3 results October 25, 2021 The social media giant Facebook will beat the consensus estimates for revenues and earnings, despite ongoing controversy, if you believe the tech analysts. In the first half of the year, Facebook saw growth of both daily active users, as well as online advertising. This is a trend that many expect to continue when the company [...]
Facebook and Nick Clegg urged to disclose child sexual abuse after offenders used FB in 5,100 grooming crimes, claims NSPCC October 25, 2021 Police recorded 24 online grooming crimes every week where offenders used Facebook-owned sites in an attempt to target children for sexual abuse between 2017 and 2021. That’s 5,120 sexual communication with a child offences that have involved Facebook, Instagram and WhatsApp since the law came into force in April 2017, according to the NSPCC this [...]
U.S. withdraws digital tax tariff threat for European countries October 22, 2021 The United States has withdrawn its tariff threat against five European countries over their digital services taxes. As part of a deal, Austria, Britain, France, Italy, Spain get to keep their digital taxes in place until a global tax agreement comes into force in 2023. The countries had agreed to withdraw their digital services taxes [...]
Meta, Bookface or Teenage Wasteland? Endless options for Facebook’s rebrand October 21, 2021 With ongoing reports about Facebook's rebrand, Twitter is having a field day about what the new name could be