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Tag Archives: Facebook

Facebook sets $6 billion buyback; accounting chief to leave

Social media giant Facebook Inc (FB.O) on Friday set a $6 billion buyback program for its Class A shares, beginning in the first quarter of 2017. Facebook’s shares were up 1.1 percent at $118.24 in after-hours trading. The company had a market value of about $337 billion at close. The …

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Facebook takes on LinkedIn with new job opening features

Facebook Inc (FB.O) said on Monday, it was testing a feature that would let page administrators create job postings and receive applications from candidates, a move that could pressure LinkedIn Corp’s (LNKD.N) recruiting business. “Based on behavior we’ve seen on Facebook, where many small businesses post about their job openings …

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Facebook reports 11-million-pound UK tax credit as revenues soar

Facebook said its main UK subsidiary generated an 11-million-pound tax credit in 2015 even as revenues soared, thanks to its tax efficient structure, accounts published on the weekend showed. Analysts say Facebook generates hundreds of millions of dollars in revenue from UK clients each year but until this year all …

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Facebook apologizes for overstating key ad metric

Facebook Inc on Friday apologized for an error in the way it measured a key metric of video viewership that significantly amplified users’ viewing times on its platform. The social media giant had said a few weeks ago that a metric for average user time on videos was artificially inflated …

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Facebook reinstates Vietnam photo after outcry over censorship

Facebook Inc on Friday reinstated a Vietnam War-era photo of a naked girl fleeing a napalm attack, after a public outcry over its removal of the image including harsh criticism from Norway’s prime minister. In a clash between a democratically elected leader and the social media giant over how to …

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Facebook changes ‘Trending’ feature to rely less on human editors

Facebook Inc (FB.O) changed its popular “Trending” feature, which shows users the most-talked about topics of the day, to make it more automated and further eliminate the potential for human bias, the company wrote in a blog post on Friday. The update is Facebook’s latest attempt in recent months to …

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Facebook can climb more than 20 percent on ad growth: Barron’s

Facebook Inc stock has the potential to climb by more than 20 percent over the next year given the growing advertising revenue among its platforms, according to a Barron’s report on Sunday. The social media giant, which traded at just under $124 a share on Friday, has seen a recent …

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Twitter, Facebook move quickly to stem celebrations of Nice attack

Twitter Inc moved swiftly to remove posts from Islamic extremists glorifying a truck attack in Nice, France, watchdog groups said Friday, in a rare round of praise for a platform that has often struggled to contain violent propaganda. A spate of violence over the past several months has posed numerous …

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Facebook tests end-to-end encryption on Messenger

Facebook Inc (FB.O) on Friday said it began testing end-to-end encryption on its popular Messenger application to prevent snooping on digital conversations. The limited testing on Messenger, which has more than 900 million users, comes three months after Facebook rolled out end-to-end encryption to its more popular WhatsApp, a messaging …

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IRS probes Facebook over Ireland asset transfer

The U.S. Internal Revenue Service is examining Facebook Inc (FB.O) over its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers. The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS …

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