Facebook Overview Updated January 18, 2019

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December 2010 - January 2019


Facebook is the most popular social media service in the world with more than 2 billion monthly active users as of June 2017.

Facebook was launched in February of 2004 for college students and then rapidly grew as it opened the service to more than those with a .edu email address.

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.

Facebook’s founder, Mark Zuckerberg has shared that it’s not enough to connect the world, the social media service also needs to bring the world closer together. One of its recent efforts to do so is the “Good Adds Up” campaign.

Facebook Stories January 18

Facebook trying to win back the youth with upcoming ’LOL’ app focused on funny videos and GIFs

While today’s Facebook news is focused on the much-anticipated Messenger app redesign, the company has apparently been silently working on a new product aimed at a younger crowd.

Facebook Stories January 13

Germany antitrust watchdog to order Facebook to end ‘some’ of its user data collection, report says

Facebook may face action from Germany’s antitrust watchdog. According to Reuters, the German antitrust watchdog is planning to order Facebook to stop gathering “some” user data.

Facebook Stories January 9

Apple taps ex-Facebook employee turned critic for privacy product manager role

Former Facebook privacy and policy employee Sandy Parakilas has been hired by Apple, according to a report by The Financial Times. Parakilas left Facebook six years ago following less than a year and a half with the company after his user privacy concerns fell on deaf ears internally.

Facebook Stories January 2

You’d have to pay the average Facebook user over $1,000/year to stop using it

The #deletefacebook tag may have been trending in the light of various privacy concerns, but the evidence is that Facebook addiction is stronger than some like to admit. Back in September of last year, some 26% of Facebook users polled claimed to have deleted the app from their phones – but analytics data showed otherwise …

Facebook Stories December 20, 2018

Facebook reportedly developing its own cryptocurrency for use in WhatsApp

Amid its myriad of privacy scandals, Facebook is allegedly planning to launch its own cryptocurrency. According to a report from Bloomberg, Facebook is developing a cryptocurrency that would enable WhatsApp users to transfer money.

Facebook Stories December 19, 2018

Yesterday evening, a report offered details on Facebook’s data sharing relationships with over 150 different companies. One of the more jarring allegations related access to messages data. Facebook, however, disputes the details and says it did not disclose people’s private messages to “partners without their knowledge.”

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