Facebook acquires GIF website Giphy, to integrate it with Instagram

Facebook Inc is acquiring Giphy, a popular website for making and sharing animated images, or GIFs, and will integrate it with its rapidly growing Instagram photo-sharing app, Facebook said in a blog post on Friday. The cost, which Facebook and Giphy declined to disclose, was placed at around $400 million by news website Axios. The… Read More Facebook acquires GIF website Giphy, to integrate it with Instagram

Facebook introduces videoconferencing tool, expands livestreaming features

Facebook Inc introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps. The videoconferencing tool, Messenger Rooms, will enable as many as 50 people to participate in… Read More Facebook introduces videoconferencing tool, expands livestreaming features

Facebook agrees to pay £500,000 fine over Cambridge Analytica scandal

Facebook has agreed to pay a 500,000 pound (an equivalent of $644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on Wednesday. Facebook CEO Mark Zuckerberg has faced questioning by U.S. and EU lawmakers over how the political consultancy obtained the… Read More Facebook agrees to pay £500,000 fine over Cambridge Analytica scandal

WhatsApp files lawsuit against Israeli firm NSO Group for allegedly aiding global hack of mobile phones

WhatsApp sued Israeli surveillance firm NSO Group on Tuesday, accusing it of helping government spies break into the phones of roughly 1,400 users across four continents in a hacking spree whose targets included diplomats, political dissidents, journalists and senior government officials. In a lawsuit filed in federal court in San Francisco, messaging service WhatsApp, which… Read More WhatsApp files lawsuit against Israeli firm NSO Group for allegedly aiding global hack of mobile phones

Major financial companies quit Facebook cryptocurrency project

Facebook Inc’s ambitious efforts to establish a global digital currency called Libra suffered severe setbacks on Friday, as major payment companies including Mastercard and Visa Inc quit the group behind the project. The two companies announced they would leave the association on Friday afternoon, as did EBay Inc, Stripe Inc. and Latin American payments company… Read More Major financial companies quit Facebook cryptocurrency project

Facebook suspends thousands of apps over Cambridge Analytica scandal

Facebook Inc said on Friday it has suspended tens of thousands of apps on the social networking platform, as part of the company’s ongoing app developer investigation it began in March 2018 in response to the Cambridge Analytica row. The suspended apps are associated with about 400 developers, Facebook said, adding that it is not… Read More Facebook suspends thousands of apps over Cambridge Analytica scandal