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 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.
Should the Chairman and CEO Roles Be Held Separately?
The percentage of companies where one person holds both posts has long been declining, but the topic remains controversial.
Facebook Unveils Libra Cryptocurrency
The project would bring a consumer-friendly version of digital currencies to smartphones around the world.
Facebook Sets Aside $3B for Possible FTC Fine
Facebook says the charge it took in the first quarter is a reasonable estimate of what it would cost to resolve an FTC privacy investigation.
Facebook Beats on Earnings, Raises Outlook
The company is now expecting revenue growth to slow by a “mid-to-high single-digit percentage” in the fourth quarter after a 33.5% gain in Q3.
Facebook Shares Dive on Revenue Weakness
“We expect our revenue growth rates to decline by high-single-digit percentages from prior quarters sequentially in both Q3 and Q4,” CFO David Wehner says.
Data Privacy Hoopla Is a Wake-Up Call
Retailers, banks, and other companies that collect customer data online must respond to growing concern among consumers.
Facebook Posts Record Sales of $12.9B in Q4
While changes to Facebook's news feed have reduced usage of the network, higher ad prices offset any loss in revenue.
Facebook Scraps Share Reclassification Plan
The plan would have enabled CEO Mark Zuckerberg to maintain control of the company but ran into a shareholder class-action lawsuit.
Facebook Revenue Soars 59% to $6.4B in Q2
The social media giant easily beat estimates as monthly users reached 1.71 billion and mobile advertising revenue rose 81%.