Latest Facebook Inc News

Lawsuit: Google, Facebook CEOs colluded in online ad sales

Jan. 14, 2022 16:41 PM EST

Newly unredacted documents from a state-led antitrust lawsuit against Google accuse the search giant of colluding with rival Facebook to manipulate online advertising sales. The CEOs of both companies were aware of the deal and signed off on it, the lawsuit alleges. The original,...

Scientist, enforcer, high-flyer: 3 women put a mark on tech

Jan. 03, 2022 20:20 PM EST

WASHINGTON (AP) — Three bright and driven women with ground-breaking ideas made significant — if very different — marks on the embattled tech industry in 2021. Frances Haugen, Lina Khan and Elizabeth Holmes — a data scientist turned whistleblower, a legal scholar turned...

Russian court slaps Google, Meta with massive fines

Dec. 24, 2021 12:20 PM EST

MOSCOW (AP) — A Moscow court on Friday slapped Google with a nearly $100 million fine and also fined Facebook’s parent company Meta $27 million over their failure to delete content banned by local law, as Russia seeks to step up pressure on technology giants. The Tagansky...

Markets 2021: Stocks soar, IPOs explode, crypto goes wild

Dec. 23, 2021 14:10 PM EST

Wall Street delivered another strong year for investors in 2021, as a resurgence in consumer demand fueled by the reopening of the global economy pumped up corporate profits. As of Dec. 22, the S&P 500 had risen 25%, its third-straight annual increase. Along the way, the...

Spyware find highlights depth of hacker-for-hire industry

Dec. 16, 2021 17:27 PM EST

BOSTON (AP) — Security researchers said Thursday they found two kinds of commercial spyware on the phone of a leading exiled Egyptian dissident, providing new evidence of the depth and diversity of the abusive hacker-for-hire industry. One piece of malware recently found on an...

Facebook whistleblower Frances Haugen has book deal

Dec. 16, 2021 09:42 AM EST

NEW YORK (AP) — The former Facebook manager who startled the world this fall by leaking tens of thousands of internal documents and accusing her former employer of caring more about money than about public safety has a book deal. Little, Brown and Company announced Thursday that...

Resale is making gains in December holiday gift shopping

Dec. 14, 2021 08:36 AM EST

NEW YORK (AP) — Second hand. Like new. Thrift. Buy Nothing. Gently used. There are lots of ways to describe consumption in the booming resale market. Add “Merry Christmas!” to the list. Resale has taken off among those looking to save the planet and spend less...

Instagram head faces senators amid anger over possible harms

Dec. 08, 2021 20:02 PM EST

WASHINGTON (AP) — The head of Instagram on Wednesday met with deep skepticism on Capitol Hill over new measures the social media platform is adopting to protect young users. Adam Mosseri appeared before a Senate panel and faced off with lawmakers angry over revelations of how the...

Zuckerberg, Chan to invest up to $3.4B for science advances

Dec. 07, 2021 22:19 PM EST

The company that runs the philanthropy of Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, is investing up to $3.4 billion to advance human health over 10 to 15 years, according to a spokesperson for the organization. The Chan Zuckerberg Initiative, or CZI, announced...

Rohingya sue Facebook for $150B, alleging role in violence

Dec. 07, 2021 20:25 PM EST

LONDON (AP) — Rohingya refugees sued social network powerhouse Facebook for more than $150 billion, accusing it of failing to stop hate speech that incited violence against the Muslim ethnic group by military rulers and their supporters in Myanmar. Years after coming under...