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Facebook, Verizon power Wall Street to record levels

(Reuters) – U.S. stocks added to their record levels at the open on Thursday, driven by gains in Facebook and Verizon. Facebook (FB.O) jumped 4.23 percent, lifting both the S&P 500 and the Nasdaq Composite indexes, after the social network’s results beat Wall Street estimates. Verizon (VZ.N) surged 6 percent …

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Facebook shareholders propose reports on ‘fake news’, pay equality

Shareholders have proposed that Facebook Inc (FB.O) prepare a report on the threat to democracy and free speech from so-called fake news spread on the social media forum, and the dangers it may pose to the company itself, according to a proxy filing made on Friday. The proposal, which said …

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Apple drives further into Facebook, Snap territory with video app

With the release of a new video app called Clips, Apple Inc is inching one step closer to fully engaging in the messaging world, where its huge base of iPhone users could help it compete with Snap Inc’s Snapchat and Facebook Inc’s Messenger. Clips, which will hit Apple’s App Store …

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Facebook’s virtual reality ambitions could be threatened by court order

Facebook Inc’s big ambitions in the nascent virtual reality industry could be threatened by a court order that would prevent it from using critical software code another company claims to own, according to legal and industry experts. Last Thursday, video game publisher ZeniMax Media Inc asked a Dallas federal judge …

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Facebook CEO warns against reversal of global thinking

Facebook Inc Chief Executive Mark Zuckerberg laid out a vision on Thursday of his company serving as a bulwark against rising isolationism, writing in a letter to users that the company’s platform could be the “social infrastructure” for the globe. In a 5,700-word manifesto, Zuckerberg, founder of the world’s largest …

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Facebook to develop app for television set-top boxes: WSJ

Facebook Inc is creating an app for television set-top boxes, including Apple Inc’s Apple TV, the Wall Street Journal reported, citing people familiar with the matter. The world’s biggest online social network is also in discussions with media companies to license long-form, TV-quality programming, the Journal reported on Tuesday. (on.wsj.com/2kNGMgx) …

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Facebook moves to head off tougher regulation in Germany

Facebook is stepping up efforts to head off tougher regulation by Germany, a fierce critic of the social media network operator, saying on Monday it would do more to combat fake news as its chief operating officer met with officials in Berlin. Top German lawmakers are planning legislation this year …

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Facebook developing artificial intelligence to flag offensive live videos

Facebook Inc (FB.O) is working on automatically flagging offensive material in live video streams, building on a growing effort to use artificial intelligence to monitor content, said Joaquin Candela, the company‚Äôs director of applied machine learning. The social media company has been embroiled in a number of content moderation controversies …

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Facebook users can now play Pac-Man on Messenger app

The social network on Tuesday rolled out a feature that allows users to play hugely popular games such as Pac-Man and Space Invaders, the company’s latest attempt to get users spend more time on its messaging app. The new feature, initially rolled out in 30 countries with 17 games, will …

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Facebook’s Zuckerberg discloses steps to fight fake news

Facebook Inc, facing withering criticism for failing to stem a flood of phony news articles in the run-up to the U.S. presidential election, is taking a series of steps to weed out hoaxes and other types of false information, chief executive Mark Zuckerberg said in a Facebook post Friday evening. …

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