Facebook CEO Mark Zuckerberg has been facing problems in retaining investor confidence.
Facebook’s technical glitch was resolved just in time for it to post the departure of two key executives, including the one closely linked with the company’s most iconic product. New Zealand Prime Minister Jacinda Ardern said she wants talks with Facebook on the issue of live streaming. Warren’s proposition reflects a new, troubling paradigm for Facebook: in growing numbers, consumers, lawmakers and investors are asking whether the company founded in Zuckerberg’s Harvard University dorm room in 2004 is doing more harm than good.
Facebook said Warren’s ads violated company policy against the use of the corporate logo, but “in the interest of allowing robust debate, we are restoring the ads.”Beginning about 11.15am New York time, Facebook’s apps and sites from the news feed to Instagram and WhatsApp started going down around the world.
The grand jury has subpoenaed records from at least two smartphone makers and other electronic devices that had partnerships with Facebook, the New York Times reported, citing unidentified people familiar with the requests.The company is facing ongoing probes around the world into alleged privacy violations revealed last year stemming from its relationship with Cambridge Analytica, a political consultancy that obtained the data of millions of the site’s users without their consent.
Chris Cox, who had worked at the company for 13 years, announced he was leaving in a Facebook post on Thursday.
Source: News Formal (newsformal.com)
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