Latest Facebook Inc News

Stitch Fix, Sonic Automotive rise; FedEx, Facebook fall

Sep. 22, 2021 16:40 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: FedEx Corp., down $22.99 to $229.08. The package delivery company cut its profit forecast for the year as it faces a labor shortage and higher costs. ...

Govt sharpens antitrust attack against Facebook with filing

Aug. 19, 2021 18:39 PM EDT

WASHINGTON (AP) — Federal regulators have sharpened their antitrust attack against Facebook, alleging in a revised complaint Thursday that the social network giant pursued a laser-focused strategy to “buy or bury" rivals to suppress competition. It is the Federal...

Facebook launches virtual-reality work app for meetings

Aug. 19, 2021 14:01 PM EDT

Facebook is trying to pull in workplace users with a new virtual-reality meetings app called Horizon Workrooms. Workrooms lets people meet remotely in a virtual space populated by avatars. It's an app for Facebook's headset, which costs at least $300 and weighs a pound. ...

UK watchdog: Facebook's ownership of Giphy hurts competition

Aug. 12, 2021 09:40 AM EDT

LONDON (AP) — Facebook's ownership of Giphy will hurt competition for animated images, U.K. regulators said Thursday, meaning the social network could ultimately be forced to unwind the deal if the provisional findings are confirmed. The Competition and Markets...

FTC official raps Facebook for booting political ads probe

Aug. 05, 2021 21:35 PM EDT

WASHINGTON (AP) — A senior Federal Trade Commission official is criticizing Facebook’s move to shut down the personal accounts of two academic researchers and terminate their probe into misinformation spread through political ads on the social network. Facebook...

Facebook profits top $10B as its CEO exalts the 'metaverse'

Jul. 28, 2021 18:49 PM EDT

Concerns about a revenue growth slowdown pushed Facebook's shares lower in after-hours trading Wednesday, not long after the company reported that its second-quarter profits doubled thanks to a massive increase in advertising revenue. But CEO Mark Zuckerberg set his...

Hoe no! Facebook snafu spells trouble for gardening group

Jul. 20, 2021 13:04 PM EDT

Moderating a Facebook gardening group in western New York is not without challenges. There are complaints of wooly bugs, inclement weather and the novice members who insist on using dish detergent on their plants. And then there's the word “hoe.” ...

Facebook asks recusal of FTC head in antitrust case decision

Jul. 14, 2021 21:14 PM EDT

WASHINGTON (AP) — Facebook is asking that the new head of the Federal Trade Commission step away from decisions on whether to continue the agency's antitrust case against the social network giant, asserting that past public criticism of the company’s market power makes it impossible for...