Facebook set to ban cryptocurrency ads on its platforms

Facebook Inc. said on Tuesday it will ban ads promoting financial products and services tied to cryptocurrencies and initial coin offerings. “We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency,” Facebook’s… Read More Facebook set to ban cryptocurrency ads on its platforms

Facebook to expand artificial intelligence to detect suicidal content

Facebook Inc. will expand its pattern recognition software to other countries after successful tests in the U.S. to detect users with suicidal intent, the world’s largest social media network said on Monday. Facebook began testing the software in the United States in March, when the company started scanning the text of Facebook posts and comments… Read More Facebook to expand artificial intelligence to detect suicidal content

Facebook, Google to effect changes to regulation of political ads

​ Facebook Inc. and Alphabet Inc’s Google have little choice but to rein in internet political ads in the face of growing U.S. government pressure, a panel of advertising consultants and executives said on Monday. Speaking at a trade conference, the marketers seized on allegations that Russian operatives bought U.S. political ads on Facebook as… Read More Facebook, Google to effect changes to regulation of political ads

Facebook discuss supporting subscription models with news publishers

Facebook Inc. is in early talks with several news publishers about how its social media site can better support subscription business models, the company’s head of news partnerships, Campbell Brown, said in a statement on Wednesday. The statement comes a day after TheStreet reported that Facebook plans to launch a subscription-based news product, citing comments… Read More Facebook discuss supporting subscription models with news publishers

Facebook to construct housing units in Silicon Valley

The shortage of housing in California’s Silicon Valley has gotten so severe that Facebook I on Friday proposed taking homebuilding into its own hands for the first time with a plan to construct 1,500 units near its headquarters. The growth of Facebook, Alphabet Inc’s Google and other tech companies has strained neighborhoods in the San… Read More Facebook to construct housing units in Silicon Valley

Facebook receives approval to set up domestic unit in Indonesia

Facebook Inc. has received an in-principle approval to set up a domestic unit in Indonesia, said a senior government source from the Southeast Asian nation, home to the social networking giant’s fourth-largest user base. Indonesia has been pushing multinational technology firms to be locally incorporated, arguing that companies such as Alphabet Inc’s Google set up… Read More Facebook receives approval to set up domestic unit in Indonesia

U.S. judge dismisses lawsuits against Facebook

A federal judge on Thursday dismissed two lawsuits seeking to hold Facebook Inc. liable for supporting terrorist groups by letting them use its social media platform to further their goals, including violence against Jews. U.S. District Judge Nicholas Garaufis in Brooklyn dismissed a $3 billion damages lawsuit by relatives of American victims of Hamas attacks,… Read More U.S. judge dismisses lawsuits against Facebook