Category: Facebook
Facebook to launch Libra cryptocurrency and digital wallet next year
Facebook has confirmed it is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphone. The currency is known as Libra, which the social network says it has “no special role” in governing and will manage the reserve…
Facebook prevents Huawei from pre-installing apps on phones
In a major blow to those wanting to buy Huawei's phones, Facebook has suspended the Chinese company's ability to pre-install the social network’s apps on its smartphones. Huawei phone users will still be able to download apps owned by Facebook – including WhatsApp and Instagram – but the Chinese firm’s devices will no longer include…
Former Zuckerberg classmate claims Facebook has lost control of social network
Facebook bosses have lost control of the social network and are unlikely to regain it, a former Harvard classmate of Mark Zuckerberg has claimed. Aaron Greenspan, who knew Mr Zuckerberg during their time at Harvard College in 2003 and 2004, launched a scathing attack on the chief executive’s ability to lead and reiterated previous accusations…
Ramadan means fasting and Facebook for many in Middle East, data shows
Facebook’s Ramez Shehadi (Kamran Jebreili/AP) The Muslim holy month of Ramadan, with its long days of fasting and prayer, is being reshaped by technology. People in the Middle East spend close to 58 million more hours on Facebook during Ramadan and watch more YouTube videos than any other time of…
Facebook admits it doesn’t know how many UK users are under 13
Facebook does not know how many under-13s or sex offenders are using its platform in the UK, an inquiry has heard. The social media giant has admitted it doesn't have any methods to try to verify if a given date of birth is accurate or if someone attempting to create an account is on the…
Facebook sues South Korean analytics firm over allegations of data misuse
Facebook has launched legal proceedings in the US against a South Korean data analytics firm over allegations of data misuse. The social media giant said Rankwave ran apps on the Facebook platform and had been under investigation by the site over its compliance with Facebook’s policies, but had failed to co-operate with the firm. Facebook…
Facebook co-founder Chris Hughes calls for company to be broken up
The co-founder of Facebook has called for the social network to be broken up, labelling the power of chief executive Mark Zuckerberg “unprecedented and un-American”. Chris Hughes, who created the platform alongside Mr Zuckerberg when the pair were students at Harvard University but left the company in 2007, said government needed to hold the firm…
Facebook ‘considering its own bitcoin for payments’
Facebook is planning a cryptocurrency-based payment system that it could launch for billions of users worldwide, according to reports. The Wall Street Journal said the system would use a digital coin similar to bitcoin, but different in that Facebook would aim to keep the coin’s value stable. Bitcoin and similar cryptocurrencies have been susceptible to…
Dead Facebook account holders to outnumber living in fifty years?
The number of dead Facebook account holders could outnumber the living within fifty years, new research has claimed. Academics from the Oxford Internet Institute (OII), part of the University of Oxford, found that based on 2018 user figures, at least 1.4 billion of the site’s around 2.3 billion users will die before 2100, with the…
Facebook reports three month revenue growth of more than 3 billion dollars!
Facebook reported revenue growth of more than three billion dollars on this time last year as the company released its latest financial results. The social networking giant said its revenue for the first three months of the year was 15 billion dollars, up from 11.9 billion in the same period last year. However, in a…
