Facebook Overview Updated May 27, 2020


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701 'Facebook' stories

December 2010 - May 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 Today

Facebook algorithms promote divisive content, but company decided not to act

Facebook algorithms are partly programmed and partly based on machine learning, which explains why the company had to carry out research to learn that they are effectively promoting divisive content to users…

Facebook Stories Yesterday

As most of the world focuses heavily on video conferencing, Facebook’s new product experimentation team has debuted its latest experimental app dubbed “CatchUp.” As reported by TechCrunch, CatchUp focuses on allowing people to make audio calls with up to eight other people.

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Facebook Stories May 22

It’s looking increasingly likely that one of the long-term impacts of the coronavirus crisis will be a record number of people permanently working from home.

Lockdowns mean huge numbers of people have already been working from home for weeks or months, and we’ve seen a number of tech giants offer employees the opportunity to do so on a permanent basis…

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Facebook Stories May 21

Instagram is the latest of Facebook’s services to gain support for its new group video chat feature, Messenger Rooms. Follow along for a look at how it works…

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Facebook Messenger will now warn you about scams and impersonators

Facebook Messenger will now warn you about scams when you receive a suspicious message from someone you don’t know — or when someone appears to be attempting to impersonate one of your Facebook friends…

Facebook Stories May 19

Facebook has announced a major ecommerce move today that sees the launch of Facebook Shops. The company is pitching it as a way for businesses to create one online store that will work across Facebook, Messenger, Instagram, and WhatsApp.

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