Facebook Overview Updated May 24, 2019

Facebook

See All Stories

618 'Facebook' stories

December 2010 - May 2019


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

We first learned last year that Facebook was working on developing its own cryptocurrency, GlobalCoin, and it’s today reported that the social network is aiming to launch it at some point next year.

Facebook has already consulted both the US Treasury and the Bank of England about its plans …

expand full story

Facebook Stories May 21

Facebook is facing criticism from yet another one of its former executives. As detailed by CNBC, former Facebook security chief Alex Stamos questioned the amount of power Mark Zuckerberg has accumulated while speaking at the Collision Conference in Toronto.

expand full story

Facebook really doesn’t seem to have gotten the message on privacy. A new report reveals Facebook sharing sensitive personal data with mobile carriers.

The data reportedly being shared includes locations, interests and social groups …

expand full story

Facebook Stories May 20

New York Times staff writer Mike Isaac has written a blog post in which he argues that ‘the permanent social internet is dying.’ That we are increasingly abandoning platforms and formats that create a permanent record of our posts.

As facebook matured, we discovered the unintended consequences of living a life online. An errant, ignorant tweet from our teenage years can get us fired—or worse, canceled. Our parents could have created an entire instagram dedicated to our poopy-diaped years without our knowledge or express consent. Forget running for office if you’ve ever tweeted about, like, anything …

expand full story

Facebook Stories May 15

(Weak) Facebook Live restrictions introduced in response to New Zealand shooting video

Facebook Live restrictions have been introduced in response to the New Zealand terrorist attack, when the gunman live-streamed footage of the shootings, making good on a promise made back in March

Facebook Stories May 14

Last fall, Facebook discovered a major flaw with its “View as” feature which saw security tokens for 50 million accounts stolen. Facebook has today announced its security review of the incident is complete and has brought back the View as Public feature in addition to adding a quick button to “Edit Public Details.”

expand full story

Powered by WordPress.com VIP