Facebook

Facebook, Inc. is an American online social media and social networking service company based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.

Facebook is a popular free social networking website that allows registered users to create profiles, upload photos and video, send messages and keep in touch.

Source: facebook.com

This Week in Payments: Amazon’s Growth Slows, Competing Platforms Give Sellers More Options and the Metaverse Continues to Seek Applications
This Week in Payments: Amazon’s Growth Slows, Competing Platforms Give Sellers More Options and the...
February 04, 2022  |  Payments Innovation

With Amazon reporting its earnings this week, there was much news about eCommerce, competing platforms and the challenges around supply chain, inventory and fulfillment. The...

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EMEA Daily: Social Media Giants Join Forces to Fight Germany’s Tough Online Hate Speech Rule; Regulators Find Europe’s AdTech Sector Broke Privacy Rules
EMEA Daily: Social Media Giants Join Forces to Fight Germany’s Tough Online Hate Speech Rule;...
February 03, 2022  |  International

In today’s top Europe, Middle East and Africa (EMEA) news, four social media giants are suing the German government over its online hate speech law,...

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Facebook Loses Ground to TikTok, YouTube as Use of Video Apps Surges
Facebook Loses Ground to TikTok, YouTube as Use of Video Apps Surges
February 03, 2022  |  Facebook

News from Meta that daily active users (DAUs) on its flagship Facebook platform fell by 1 million through the fourth quarter of 2021 begs the...

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Social Media Mega Firms Join Forces to Fight Germany’s Tough Online Hate Speech Rule
Social Media Mega Firms Join Forces to Fight Germany’s Tough Online Hate Speech Rule
February 03, 2022  |  Legal

Rival social media giants Facebook (Meta), TikTok, Twitter and YouTube have united to sue the German government over its strengthened online hate speech law, Politico...

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Meta Earnings Hit By Metaverse Investments As Stock Plunges 20%
Meta Earnings Hit By Metaverse Investments As Stock Plunges 20%
February 02, 2022  |  Earnings

Facebook parent Meta said it would miss analysts’ expectations in Q1 2022, and the metaverse is to blame. Okay, that’s probably unfair, given that Apple...

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Silvergate Closes on $182M Deal to Purchase Facebook’s Digital Currency Project Diem
Silvergate Closes on $182M Deal to Purchase Facebook’s Digital Currency Project Diem
February 01, 2022  |  Acquisitions

Silvergate Capital Corp. has acquired Facebook’s Diem Group’s blockchain payment network, the California-based provider of financial solutions for the emerging digital currency industry announced Monday...

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Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M
Facebook Unloads Crypto Unit Diem to Silvergate Capital for $200M
January 27, 2022  |  Facebook

Facebook is unloading its cryptocurrency unit, Diem Association, to Silvergate Capital for an estimated $200 million, The Wall Street Journal (WSJ) reported Thursday (Jan. 27), citing...

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Facebook Diem: Move Fast, Break Things, Then Crash Into a Wall
Facebook Diem: Move Fast, Break Things, Then Crash Into a Wall
January 26, 2022  |  Cryptocurrency

Facebook’s sudden announcement of the Libra stablecoin on June 18, 2019 was the epitome of its old motto, “move fast and break things.” Thirty-one months...

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Facebook Eyes Sale of Diem Assets
Facebook Eyes Sale of Diem Assets
January 25, 2022  |  Facebook

Meta CEO Mark Zuckerberg is seeing the demise of his cryptocurrency project due to regulatory pressures, Bloomberg reported Tuesday (Jan. 25). The Diem Association, which...

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