Three years after Mark Zuckerberg made Brian Action a billionaire, by paying $22 billion for WhatsApp, the messaging app's co-founder has a clear message for the billions of social media drones worldwide - #deletefacebook.
Civil libertarians and security researchers have long been concerned that otherwise inadmissible intelligence from the agency is used to build cases against Americans though a process known as "parallel construction."
Facebook has agreed to brief House Judiciary Committee members as soon as Wednesday on the use of personal data of millions of users, in a step that can potentially open a Pandora's Box for the company as virtually all of its clients use and abuse some of the alleged practices to some extent.
Amid the biggest two-day demise in Mark Zuckerberg's social network in six years, slashing below its 200-day moving-average, many are wondering where the dip-buyers have gone... and who the biggest losers are, so far!
Facebook shares are down another 6%, now trading at their lowest in over 5 months, and are weighing on the broad markets as S&P and Nasdaq join Small Caps in the red for the day...
Following yesterday's collapse, one might have expected a bip-buyer's bounce, but thanks to headlines from Bloomberg revealing the FTC is said to be probing Facebook for use of personal data, Facebook shares are tumbling once again in the pre-market...
Google is teaming up with retailers like Target Corp., Walmart Inc., Home Depot Inc., Costco Wholesale Corp and Ulta Beauty Inc. to take a cut of their sales in exchange for facilitating sales by allowing retailers to list their products directly on Google's search platform.
An absence of dip-buyers has prompted a 6.5% plunge in Facebook and the biggest drop in FANG stocks since Feb 8th as Bloomberg reports the G-20's "digital tax" issue will impact Google, Amazon, and others...
"Facebook makes their money by exploiting and selling intimate details about the private lives of millions, far beyond the scant details you voluntarily post."
Facebook stock is tumbling as much as 3.5% this morning, dragging the Nasdaq lower as it faces "more systemic problems" according to Pivotal research, following reports over the weekend associated with a data leak that exposed about 50 million user accounts.
Apple has been designing and producing its own device displays for the first time, using a secret manufacturing facility near its Cupertino headquarters, potentially cutting off critical product suppliers.
