Facebook Inc (FB.O) said on Friday attackers stole names and contact details of 29 million users in the mass security breach disclosed by the social media network late last month. The breach, Facebook’s worst ever, has exacerbated concerns among users, lawmakers and investors that the company is not doing enough to safeguard data, particularly in […]

Facebook said it had fixed the vulnerability since discovering it on Tuesday, and had also informed law enforcement authorities. Facebook said on Friday it found a security flaw in almost 50 million accounts that would allow hackers to take over people’s profiles, a potential additional blow to the social network’s record on privacy. Facebook did […]

Rockville, MD  – Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, giving scant explanation for the move. The departures at Facebook’s fastest-growing revenue generator come just months after the exit of Jan Koum, co-founder of […]

“If we do not see the progress the sanctions will have to come. I do not want to negotiate forever,” Europe’s Justice Commissioner Vera Jourova said. The European Union gave Facebook an ultimatum on Thursday: Provide users with more information about how their data is used or face sanctions. The 28-country bloc has been in […]

Facebook Ads is evolving. You need to understand what it means for how your company gathers and uses information. Back in July, Facebook announced the removal of Partners categories from its advertisement interface. It later extended the date to Aug. 15, giving digital marketers a few precious extra weeks to create, duplicate and edit previous […]

U.S. stocks were set to open lower on Tuesday, as declines in heavyweights such as Nike and Facebook added to worries over trade negotiations between United States and other major economies, following the Labor Day weekend. Nike (NKE.N) dropped 3.1 percent in premarket trading as calls for a boycott of the sportswear giant gained traction […]

Facebook has launched a new set of tools to help marketers create mobile-ready video ads on its platform and Instagram, which include the ability to add motion to images and brand logos for simple animations. Announcing the update on a blog post yesterday, the social media platform cited its findings that mobile-first creative has a […]

Zombie-like passive consumption of static video is both unhealthy for viewers and undifferentiated for the tech giants that power it. That’s set Facebook  on a mission to make video interactive, full of conversation with broadcasters and fellow viewers. It’s racing against Twitch, YouTube, Twitter and Snapchat to become where people watch together and don’t feel like asocial […]

Social media conglomerate Facebook denied reports that its blockchain task force is considering launching a cryptocurrency project through a partnership with Stellar. Citing a Facebook spokesperson, financial news outlet Cheddar reports that the company will not be building on the Stellar protocol, nor has its cryptocurrency division held discussions with the project about forking Stellar to create an independent […]

It’s not entirely clear what exactly is going on in Facebook’s nascent cryptocurrency division, but several reports suggest that something is afoot. Facebook Meets with Cryptocurrency Project Stellar The first comes from Business Insider, who reports that Facebook’s blockchain research group recently met with Stellar to discuss how the social media conglomerate could leverage distributed ledger technology (DLT) […]