On Tuesday, Facebook Inc. saw their biggest daily gain in almost two years as its CEO, Mark Zuckerberg, fended off questions from US senators on how to closely regulate the world’s largest social network. The chief executive repeated the apologies that were made on Monday about the problems that have […]
Tag: Facebook Updates
Facebook Supports Political Ad Bill and Puts Limits on Issue Ads
For the first time on Friday, Facebook Inc. backed proposed legislation that would require social media websites to reveal the identities of those who purchase online political campaign ads. The social network also introduced a new verification process for buyers of ‘issue’ ads, which have previously been used for sowing […]
Facebook Planning to Open Digital Training Hubs in Europe
On Monday, Facebook announced that it will open three new centers in Europe for training people in digital skills. The social media giant said that in the next two years, it would train around one million people as part of its move to show how it contributes to the bloc. […]
Facebook May Have to Pay $5 Billion in Taxes
Facebook Inc. said that it could be on the hook to pay additional taxes between $3 billion and $5 billion due to the result of an Internal Revenue Service investigation into the overseas transfer of assets by the social networking company. In a quarterly filing made on Thursday, the company […]
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