Facebook defies China headwinds with new ad sales push

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O) is setting up a new engineering team in Singapore to focus on its lucrative China advertising business, according to three people familiar with the effort, even as chief executive Mark Zuckerberg ramps up criticism of a country that blocks the social network. The team at Facebook’s Asia-Pacific headquarters is tasked with developing better […]

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Facebook, privacy activist Schrems battle nears end on Dec. 19

BRUSSELS (Reuters) – Austrian privacy activist Max Schrems’ seven-year battle against Facebook reaches a crucial point on Dec. 17 when an adviser to Europe’s top court will issue his view on whether tools used by companies to transfer data abroad are legal or not. At stake are standard contractual clauses used by Facebook and hundreds of thousands of companies, ranging […]

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Facebook eyes lease for iconic Manhattan landmark

Real estate broker on tech flocking to NYC: The city is a ‘beacon of change’ New York commercial real estate broker Wendy Maitland on why tech companies are moving to New York City. Social media giant Facebook is reportedly eyeing office space within an iconic civic building sitting in Manhattan, potentially making it one of the largest corporate tenants in New York. […]

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Google, Facebook Surveillance Business Models Threat To Human Rights: Amnesty

Facebook and Google’s omnipresent surveillance of billions of people poses a systemic threat to human rights, Amnesty International warned in a report published on Thursday. The surveillance-based data-collection business model of the tech giants is incompatible with the right to privacy and poses a systemic threat to a range of other rights including freedom of opinion and expression, freedom of […]

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Facebook Says It Will Remove Any Mention Of The Whistleblower’s Name

Facebook sets a pretty low bar for expectations of privacy. And yet, when it comes to protecting the identity of the whistleblower whose complaint sparked an impeachment inquiry into President Donald Trump, it’s still making more of an effort than right-wing politicians and conservative media. Facebook said Friday it will remove any content from the platform claiming to reveal the person’s identity, […]

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Facebook beats revenue, profit estimates, shares rise

(Reuters) – Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue and profit on Wednesday, driven by a steady rise in advertising. Shares of the company, which owns WhatsApp and Instagram, were up about 3% at $194 in extended trading. The world’s largest social network has faced scrutiny over the past three years from regulators and users worldwide over its […]

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Facebook Earnings: What to Look For

From data privacy scandals to antitrust regulatory probes, it would be hard to find another company that has been at the center of more controversy in recent years than Facebook (FB). And yet, investors seem little swayed so long as the company continues to add to its monthly active users (MAU), and perhaps more importantly, average revenue per user (ARPU). […]

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