socialmedia

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..

Facebook Losing Younger Users at a Faster Rate than Previous Forecast

Facebook Losing Younger Users at a Faster Rate than Previous Forecast

Facebook (NASDAQ: FB) is on track to lose its younger users at a faster rate than the previous forecast. The social media giant is expected to lose nearly two million users under the age of 24 this year alone as more begin to shift to other platform..

Twitter shares rise on first quarterly Net Profit

Twitter shares rise on first quarterly Net Profit

Twitter Inc. (NYSE: TWTR) reported its fourth quarter and full year financial results for fiscal year 2017. The social media company reported its first quarter of net profit gains, as shares skyrocketed 26 percent during Thursday’s pre-market ..