Facebook Overview Updated October 17, 2020


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738 'Facebook' stories

December 2010 - October 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 October 17

A new report from The Wall Street Journal this week outlines how Facebook’s Mark Zuckerberg has recently “transformed himself into an active political operator.” The report includes the tidbit that Zuckerberg has specifically called on lawmakers to increase their scrutiny of Apple.

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Facebook Stories October 6

Facebook has been complaining about Apple since the company introduced a new privacy feature in the iOS 14 beta that forces developers to ask users before tracking them across the web. David Fischer, Facebook’s chief revenue officer, now said that every business based on advertising is “under assault” by the changes imposed by Apple.

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Facebook Stories October 1

As part of Facebook’s Online Communities Summit, the company made a number of announcements related to Facebook Groups. The most notable and controversial will be a test where Facebook will include public group discussions in users’ News Feed and search results.

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Facebook Stories September 30

Facebook Messenger and Instagram chats are now officially merged, as the company implements the next phase in its planned unified messaging service for Facebook, Instagram, and WhatsApp.

We first learned about the company’s plans at the beginning of last year …

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Facebook Stories September 25

Back in August as Facebook rolled out its latest online service for creators, teachers, and small businesses to host virtual events, the company announced it would be waving fees. Google also agreed to waive its 30% commission on Android, however, Apple at the time did not. Now Facebook says Apple has revisited that decision and will stop charging its 30% fee temporarily.

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With iOS 14, Apple has opened up its mobile platform more than ever before with the ability to set third-party apps as defaults for mail and browser. Riding on that change, Facebook is criticizing Apple for not opening up messaging on iOS to do the same. All told, Facebook is trying to pressure Apple to make messaging on iOS the same as it is on Android.

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