Facebook's profits hit $11.2 billion last year
The giant company said in a recent statement that it attained a profit of $11.2 billion in the last three months of 2020, an increase of more than 50% from 2019. Facebook's revenue also rose 33% to roughly $28 billion during the quarter despite the pandemic, showing the stability of its core advertising business. Criticism of Facebook's policies continue to rise Although Facebook's business continues to improve, it is facing accumulating examination from regulators over its acquisitions, and from critics, for the role, the platform may have played in circulating lies about the US presidential election. During a call with analysts, CEO of Facebook Mark Zuckerberg revealed that the social media platform plans to limit the amount of political content and press releases on its app. He...
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Facebook suspends Israeli Prime Minister Benjamin Netanyahu-linked chatbot
The social media platform-Facebook-recently deleted a post made by Israeli Prime Minister Benjamin Netanyahu. The tech giant also suspended a chatbot linked to his account, explaining that the chat violated the company's privacy policy. Facebook claims the message violated its privacy policy In a statement released by Facebook via a spokesperson, they explained that their privacy policy is against content that shares or asks for individuals' medical information. The spokesperson for Facebook also added that Facebook removed the post that violated the rule, and temporarily suspended the...
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Facebook's profits hit $11.2 billion last year
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