Microsoft Pauses Advertisements on Facebook, Instagram Globally
The company is concerned over the content that runs next to its ads.
Microsoft Scraps Game Streaming Platform
Microsoft tried to compete with Amazon's Twitch but its Mixer service saw "almost no growth in a medium that has otherwise been exploding."
Facebook Zooms in on Videoconferencing
The company is launching Messenger Rooms as apps such as Zoom have seen usage take off since the coronavirus pandemic forced people to stay at home.
Facebook Settlement May Trigger More Privacy Laws
The social media giant's $550 million settlement of a class-action case alleging that it violated an Illinois privacy statute could have a ripple effect.
Facebook Shares Drop 7% Despite Earnings Beat
A fourth straight quarter of revenue growth below 30% and a 34% jump in expenses may have weighed on investors.
PayPal Pulls Out of Facebook’s Crypto Project
The payments company was reportedly concerned Facebook had not done enough to address the regulatory backlash against the Libra plan.
NY to Lead Antitrust Investigation of Facebook
A coalition of states will probe Facebook's "dominance of [social networking] and the potential anticompetitive conduct stemming from that dominance.”
Facebook Says Libra Digital Currency May Never Launch
Since announcing the project last month, the company has faced pushback from U.S. and international regulators and lawmakers.
Facebook Hit with Record $5B Fine Over Privacy Breaches
The Federal Trade Commission’s settlement resolves its investigation into how the company lost control over user data.
Mnuchin Warns of Cryptocurrency Security Risks
Facebook's proposed Libra digital currency “could be misused by money launderers and terrorist financiers," the treasury secretary says.
Germany Fines Facebook for Understating Complaints
German officials say Facebook presented a "distorted picture" of the extent of illegal content, including hate speech, on its platform.