Facebook will pay a record-breaking US$5 billion (A$7.1 billion) fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the U.S. Federal Trade Commission and the social media company said on Wednesday.
The CEO of chatbot and ‘conversational commerce’ company LivePerson says Facebook should be shut down until it can fix what he sees as multiple issues with the social media platform.
Facebook CEO Mark Zuckerberg said on Tuesday he will host a series of public discussions about the future of technology in society as part of his personal challenge this year.
Facebook chief executive Mark Zuckerberg's fortune took a more than US$15 billion hit on Thursday, as the social media company suffered the biggest one-day wipeout in U.S. stock market history a day after executives forecast years of lower profit margins.
Facebook has reported first quarter revenue of $11.96 billion, up 49 per cent from last year despite the fallout from a scandal that saw data from 87 million of its users shared with Cambridge Analytica.
Facebook's $2 billion acquisition of Oculus has given virtual reality a major boost. By delivering an altered sense of reality with a social experience Facebook could give users a more compelling reason to come back regularly.
Facebook has been busy lately, unveiling Graph Search, a new News Feed and now a redesign of Timeline. The good news is that the changes are likely to improve the social network. Here's a look at the best features of Facebooks recent updates.
