socialmedia

Facebook Down as Top Executive Faces U.S. Congress

Facebook Down as Top Executive Faces U.S. Congress

Facebook, Inc. (NASDAQ: FB) No. 2 executive, Sheryl Sandberg, defended the Company in the U.S. Congress on Wednesday morning over what lawmakers see as a failure to combat continuing foreign efforts to influence U.S. politics.Prior to the heari..

Snap Shares Up After Earnings

Snap Shares Up After Earnings

Snap Inc. (NYSE: SNAP) shares jumped Tuesday after market, as it has reported financial results for the quarter ended June 30, 2018. Snap's net loss decreased 20% to $(353) million in Q2 2018, compared to a net loss of $(443) million in Q2 2017...

Mark Zuckerberg Critized by shareholders Over Scandals

Mark Zuckerberg Critized by shareholders Over Scandals

On Thursday, May 31, 2018, Facebook, Inc. (NASDAQ: FB) had its annual shareholder meeting and many investors came angered and frustrated over the recent scandals Facebook has been having. The meeting when from a dull gathering into a chance for inve..

Facebook Endorses the Honest Ads Act

Facebook Endorses the Honest Ads Act

Facebook, Inc. (NASDAQ: FB) CEO Mark Zuckerberg announced Friday that he endorses a legislation to regulate political advertisements across the internet. According to Reuters, the law proposed, the Honest Ads Act, would require digital platforms wit..

Snap Inc to Cut Around 100 Workers in the Second Round of Layoffs

Snap Inc to Cut Around 100 Workers in the Second Round of Layoffs

On Thursday, Snap Inc (NYSE: SNAP), which operates the Snapchat app, said that it will cut around 100 workers in the second round of layoffs. This move is the company’s latest step to restructure the company after aggressive hiring in the past..

Facebook Opens Lower on Reports of FTC Probe

Facebook Opens Lower on Reports of FTC Probe

The U.S. Federal Trade Commission is launching a probe against Facebook Inc. (NASDAQ: FB) to check if the social media giant violated terms of a consent decree regarding personal data back in 2011, according to Bloomberg, citing a source familiar wi..

Facebook Stock Down After Details on Cambridge Analytica Scandal are Revealed

Facebook Stock Down After Details on Cambridge Analytica Scandal are Revealed

The scandal of Cambridge Analytica, which has been developing over the weekend, has taking its toll on Facebook Inc (NASDAQ: FB) stock, as it has dropped more than 7% on Monday. Cambridge Analytica, a company specializes in data mining and data anal..