Facebook budgets $3m to production of original TV-quality shows

Social media giant, facebook Inc. is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday. Facebook has indicated it’s will to commit to budgets as high as $3 million per episode, in meetings with Hollywood talent agencies, […]

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STEPS: Facebook Messenger sends and receives money

It’s a little-known fact that Facebook’s chat app can also make like PayPal. Here’s how to set it up. Remember when Facebook Messenger broke out of Facebook proper? A lot of users, including yours truly, were seriously irked. Why did we have to switch to entire different app just to chat with a Facebook friend? […]

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Zuckerberg speaks at Harvard grads, urge students to build a world of ‘purpose’

Mark Zuckerberg returned Thursday to Harvard, where he launched Facebook and then dropped out, telling graduates it’s up to them to bring purpose to the world, fight inequality and strengthen the global community. “Change starts local. Even global changes start small – with people like us,” the Facebook CEO said. He shared stories about graduates […]

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Facebook faces fine over misleading WhatsApp data: source

Social media giant; Facebook Inc. is set to be penalised by EU antitrust regulators for allegedly providing misleading data related to its WhatsApp acquisition three years ago, a person familiar with the matter said on Wednesday. The move by the European Commission will come after a six-month investigation and is expected to be a stiff […]

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Facebook will recruits 3, 000 in fight against violent video problem

Facebook Inc will hire 3,000 more people over the next year to speed up the removal of videos showing murder, suicide and other violent acts, in its most dramatic move yet to combat the biggest threat to its valuable public image. The hiring spree, announced by Chief Executive Mark Zuckerberg on Wednesday, comes after users […]

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Facebook tops first-quarter forecasts with $3.06 billion profit

Facebook Inc. has reported a forecast-beating first-quarter profit of 3.06 billion dollars (£2.4bn). On a per-share basis, the Menlo Park, California-based company said it had profit of 1.04 dollars, a above the 87 cents per share that analysts polled by FactSet had expected. The social media company posted revenue of 8.03 billion dolllars (£6.2bn) in […]

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Send and receive money with facebook messenger

Facebook Messenger is building out its suite of payment tools. Messenger users in the U.S. can now send and receive money between groups of people on the app, Facebook announced on Tuesday. Messenger first launched payments in March 2015, when it made it possible for two people to send payments to each other via a […]

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Google to curb fake news with ‘fact-checking labels’

In its ongoing bid to combat fake news, Google follows Facebook in announcing new technology to help curb spread of misinformation. According to Guardian, Google is to start displaying fact-checking labels in its search results to highlight news and information that has been vetted and show whether it is considered to be true or false, […]

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Mozilla, facebook, others to promote news literacy with $14m

Facebook and Mozilla are among the companies and organizations launching a $14 million fund to promote news literacy and increase trust in journalism. The nonprofit, called the News Integrity Initiative, will be based at the City University of New York. It will run as an independent project of the CUNY Graduate School of Journalism. Others […]

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UK minister frowns at ‘encryption on social services’

Technology companies must cooperate more with law enforcement agencies and should stop offering a “secret place for terrorists to communicate” using encrypted messages, British interior minister Amber Rudd said on Sunday. Local media have reported that British-born Khalid Masood sent an encrypted message moments before killing four people last week by ploughing his car into […]

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Online advertisers call for better standards

A broad coalition of advertising trade groups, ad buyers and sellers from Western Europe and the United States have urged the industry to stop using annoying online marketing formats that have fuelled the rapid rise of ad-blockers. The types of ads the coalition has identified as falling below standard include pop-up advertisements, auto-play video ads […]

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Facebook data can’t be used for ‘surveillance’

Facebook is prohibiting developers from using the massive amount of data it collects on users for surveillance. This includes using such data to monitor activists and protesters. The company said Monday that it is making an existing policy “explicit.” Facebook says it has already taken action against developers who created or marketed tools meant to […]

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