Facebook Inc

Earlier this week, the company announced that it would spend about $10 billion on metaverse-related investments this year, and it has been acquiring VR startups in what could amount to a metaverse land grab.

Facebook's Oversight Board releases quarterly transparency report, says company wasn’t ‘forthcoming’

The board commented that Facebook 'failed to provide relevant information to the Board' on issues of how the social media company makes decisions and allow some high-profile users to be exempt from content restrictions.

TikTok, the fastest way on earth to become a food star

TikTok has birthed a new generation of cooking stars who didn’t put in years in a professional kitchen, and who are often showcasing recipes they find online rather than developing their own.

Paul Romer: Once tech’s favorite economist, now a thorn in its side

The Nobel Laureate has become a fierce critic of the tech industry’s largest companies, saying that they stifle the flow of new ideas. He has also championed new US state taxes on the digital ads sold by companies like Facebook and Google.

Facebook launches dating service in United States

The service would be optional for Facebook users, the company said, adding that dating activity of users will not appear on their profile or news feed. Users can take a call on who gets to see their dating profile, Facebook said.

Facebook beats profit estimates, sets aside $3 billion for privacy penalty

Shares of the world's biggest online social network jumped more than 10 percent to $200.50 in after-hours trade. They have now regained much of the ground lost last year amid slowing growth and costs associated with the company's privacy scandals.

Facebook product chief Chris Cox to exit as focus shifts to messaging

Cox, the 36-year-old Zuckerberg lieutenant who would have managed the CEO's vision to bring Facebook, Instagram and WhatsApp closer together, said in a blog post that his departure came "with great sadness."

Facebook Inc's Instagram hit by outage in several cities

Users took to Twitter to complain about the outage and tweeted messages along with the #instagramdown hashtag.

India asks telecom operators to find ways to block Facebook, WhatsApp in case of misuse

India has in recent months intensified efforts to crack down on mass message forwards after it found that people were using social media and messaging apps to spread rumours and stoke public anger.

Facebook in talks with banks to expand customer service

The social media company said users of financial firms such as PayPal , Citibank and American Express could link their financial accounts with Facebook's Messenger and chat with a customer service representativ

Facebook says it uncovered new meddling before 2018 US elections

The company stopped short of identifying the source of the misinformation. But members of Congress who had been briefed by Facebook on the matter said the methodology of the influence campaign suggested Russian involvement.

Facebook releases long-secret rules on how it polices the service

Facebook for years has had "community standards" for what people can post. But only a relatively brief and general version was publicly available, while it had a far more detailed internal document to decide when individual posts or accounts should be removed.

Facebook hires former BuzzFeed, Pinterest execs for video content

The appointments come after the social media giant expanded video offerings in August last year to compete in the television market.

Facebook's Oculus to partner with Xiaomi to build VR headsets

Oculus said Xiaomi would be its hardware partner for the new Oculus Go headset, announced last October, and would also make the China specific "Mi VR Standalone" using Oculus technology.

WhatsApp messaging service returns after global outage

"WhatsApp users around the world experienced a brief outage today that has now been resolved", a WhatsApp spokeswoman said in an emailed statement. The cause of the outage, about an hour long, was not immediately known.

Facebook reveals data on copyright and trademark complaints

The worldwide data on intellectual property-related takedowns is a new disclosure for Facebook as part of its biannual "Transparency Report," Chris Sonderby, a deputy general counsel at the firm, said in a blog post.

Facebook defends itself against critics of social media

Facebook, in a corporate blog post, said that social media can be good for people's well-being if they use the technology in a way that is active, such as messaging with friends, rather than passive, such as scrolling through a feed of other people's posts.

Facebook rolls out messenger app for kids under 13

Facebook normally requires users to be at least 13 years old. The new app gives it a chance to win brand loyalty from younger children at a time when it faces competition for teenagers from other social media platforms such as Snapchat.

Facebook's WhatsApp messenger down for some users in India: Social media

Users in other countries also reported a WhatsApp outage on social media. The extent of the outage was not immediately known, and Facebook was not immediately reachable for a comment.

Facebook general counsel to testify before Congress November 1

Executives from Twitter Inc and Alphabet Inc's Google also were expected to appear at a public hearing before the House intelligence committee, but have not yet said who will represent them.

Facebook to add more human review to ad system: COO Sheryl Sandberg

Sandberg said in a post on her Facebook page the company would have more manual review of the targeting options it gives advertisers, a change that she said would strengthen the system after a report Facebook had allowed advertisers to market to self-described "Jew haters."

Facebook makes new bid for TV viewers with expanded video

The redesigned product, called "Watch," will be available initially to a limited group in the United States on Facebook's mobile app, website and television apps, the company said.

Facebook shares could reach $200 in a year: Barron's

Barron's said Facebook's spending will rise in order to build more potentially lucrative advertising into its video, Instagram and Messenger platforms.

CEO Zuckerberg tweaks Facebook mission to focus on groups

The move comes as Facebook faces pressure from smaller rivals such as Nextdoor and Meetup, whose online networks bring together neighbours and people in the same area with shared interests.

Facebook signs BuzzFeed, Vox, others for original video shows: Sources

Facebook is planning two tiers of video entertainment: scripted shows with episodes lasting 20 to 30 minutes, which it will own; and shorter scripted and unscripted shows with episodes lasting about 5 to 10 minutes, which Facebook will not own, according to the sources.