Facebook has changed its corporate name to Meta as part of a major rebrand. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality. The change does not apply to its individual platforms, such as Facebook, Instagram and Whatsapp, only the parent […]
Tag: Facebook
Facebook weakens democracy, says ex-employee
Whistleblower Frances Haugen, 37, a former product manager on Facebook’s civic integrity team, testified at an internet safety hearing on Capitol Hill on Tuesday and said “they [Facebook] have put their immense profits before people.” She told senators at a Washington hearing that Facebook’s leaders know how to make their products safer but won’t, she […]
Zuckerberg loses $5.9 billion in a day as Facebook faces rare outage, whisteblower testimony
Investor confidence in Facebook weakened a bit on Monday amid continued political pressure and a rare lengthy outage of the company’s apps, sendings shares down 4.8% and zapping away billions from CEO Mark Zuckerberg’s fortune. Zuckerberg’s fortune declined by $5.9 billion to a mere $117 billion in total. (He’s now the world’s sixth richest person.) Top […]
Zoom shares drop 6% as Facebook rolls out free video calls for up to 50 people
Zoom shares closed 6% lower Friday after Facebook announced it was rolling out new video chatting features. Some investors particularly view Facebook’s new Messenger Room, which allows users to host video calls of up to 50 people, as a threat to Zoom. Zoom has been on a tear since stay-at-home mandates were implemented to slow the Covid-19 pandemic. Zoom CEO […]
Oprah Winfrey to headline Facebook’s virtual graduation as commencement speaker
Oprah Winfrey will be everyone’s graduation speaker this year, thanks to Facebook. The tech giant on Tuesday announced that it will host a virtual graduation ceremony for college seniors unable to partake in a traditional ceremony due to coronavirus. On May 15, starting at 11 a.m. ET, Facebook will begin a multi-hour streaming event on Facebook Watch […]
Fake Facebook accounts: Sammi Awuku raises red flag, warns public to be wary of fraudsters
The National Organiser of the ruling New Patriotic Party (NPP), Sammi Awuku has raised red flags about the creation of fake accounts on social media, Facebook and Messenger in particular by unscrupulous people using his name. According to him, such people create these fake accounts with the sole aim of extorting and defrauding the unsuspecting […]