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Added on the 04/10/2018 15:18:44 - Copyright : BANG Showbiz
Andrew Harnik/AP FB Facebook-A 276.67 -0.63 (-0.23 %) Disclaimer Get real-time FB charts here " The Federal Trade Commission and attorneys general from 46 states, plus DC and Guam, both filed lawsuits against Facebook on Wednesday. Both suits allege that Facebook broke anti-trust laws and participated in monopolistic behavior by acquiring Instagram and WhatsApp. "Facebook has, for many years, continued to engage in a course of anticompetitive conduct with the aim of suppressing, neutralizing, and deterring serious competitive threats to Facebook," the FTC's suit alleged.
Facebook's US and Canada daily user base dropped to 196 million for the third quarter,. This is compared to 198 million for the second quarter, the company said in its earnings release. Facebook's monthly active users also dropped, by one million, down to 255 million. "As expected... we saw Facebook DAUs and MAUs in the US & Canada decline slightly from the second quarter 2020 levels which were elevated due to the impact of the COVID-19 pandemic," CFO Dave Wehner. Many Facebooks users are moving towards Instagram and Tiktok.
Facebook are carrying out an investigation after the personal data of 50 million influencers was leaked.
Images of the office of communications firm Cambridge Analytica in London which has denied misusing Facebook data for the Donald Trump's 2016 presidential campaign. IMAGES
Facebook has announced plans to hire 1,000 employees to review ads, in an effort to keep Russia and other countries from using the social media platform to interfere in elections. Facebook said last month that it found evidence that Russian entities bought approximately 3,000 political ads in the U.S. in the months leading up to and after the 2016 U.S. presidential election. Facebook also said Monday that it will invest in software to flag and take down ads automatically.
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