Facebook Overview Updated September 9, 2020

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December 2010 - September 2020


Facebook is the most popular social media service in the world with 2.32 billion monthly active users as of December 31, 2018. It also averages 1.52 billion daily active users as of December 2018.

Facebook was launched in February of 2004 (as The Facebook) for college students and then rapidly grew as it opened the service to more than those with a .edu email address. It was the subject of the 2010 movie called “The Social Network“.

In 2012, the social media giant offered its IPO and Facebook earned the title of the fastest company to grow to $250 billion market capitalization in the S&P 500.

In recent years, the company has been at the center of attention related to its role in the Russian interference in the 2016 US election. Since then, it’s been a continual stream of negative news for the company. They recently had all of their enterprise certificates for iOS revoked after it was discovered they had repackaged Onavo VPN as a ‘Research’ app and were paying teens $20/month to sneakily sideload it.

In early 2019, CEO Mark Zuckerberg announced a “privacy shift” for the company. He outlined a detailed vision for the future of the social media platform, specifically its messaging services. Notably, in contrast to how the company operates today, he says the future of the platform will be privacy-focused with features like end-to-end encryption, interoperability between its various apps like Facebook, Instagram, and WhatsApp, reducing how long it holds data, secure storage of personal data, and more.

Facebook Stories September 9

Facebook CEO Mark Zuckerbeg has said that Apple’s App Store ‘deserves scrutiny’ when asked whether he considered it a monopoly which deserves to face antitrust action by governments.

He declined to answer the question directly, but did strongly hint that he agrees …

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Facebook Stories September 6

Instagram and Facebook are testing a new feature that would further deepen the integration between the two platforms. As reported by The Verge, Facebook is testing the ability to bring Instagram stories directly to Facebook stories.

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Facebook Stories September 4

We’re not expecting to see Apple Glasses before 2022 at the earliest, but we’ve now seen a prototype of one rival effort: Facebook AR glasses.

Interestingly, this prototype has no display and is entirely focused on an auditory experience. It’s part super-sophisticated hearing aid, part virtual reality device …

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Facebook Stories September 3

Facebook fighting disinformation, but political ads can still lie …

Facebook says that it is fighting disinformation with a range of new policies in the run-up to November’s presidential election …

Facebook Stories August 31

Facebook is about to face some challenges in Australia as local government considers approving new regulations that will force digital platforms to pay news publishers. In response to that, Facebook threatened to completely remove the option to share news for Australian users if the government approves these regulations.

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Facebook Stories August 28

Facebook CEO Mark Zuckerberg apparently had some choice words for Apple during a recent company-wide meeting. According to a new report from BuzzFeed News Zuckerberg used the company-wide meeting as a way to criticize the control Apple holds over the iPhone and App Store.

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