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Mark Zuckerberg

Instagram, Facebook to Delay Taking Commission From Creators to 2024

Instagram and Facebook will begin taking a cut of creators’ revenues in 2024, a year later than originally planned, according to Meta CEO Mark Zuckerberg. The two social platforms will take a commission from offerings like fan subscriptions, paid events, badges and the company’s newsletter platform and Substack competitor Bulletin, where creators currently get to […]

Facebook to Be Subject of Showtime’s ‘Super Pumped’ Anthology in Season 2

Showtime has renewed its business-centric anthology series Super Pumped for a second season and has selected its subject: Facebook. The drama from Billions creators Brian Koppelman and David Levien and executive producer Beth Schacter will focus its second installment on the relationship between Facebook (now Meta) founder Mark Zuckerberg and COO Sheryl Sandberg. Showtime has […]

Facebook Rebrands as Meta, Shifts to Virtual Reality Focus

Facebook is changing its corporate name to Meta as the company shifts its focus to virtual and augmented reality, CEO Mark Zuckerberg said Thursday. The rebranded company’s suite of apps — including Facebook, Instagram and WhatsApp — will not change names, but Meta’s stock ticker will change from FB to MVRS beginning Dec. 1. “Starting […]

Facebook Pledges $10 Billion to Metaverse Project, As Mark Zuckerberg Signals New Focus

Facebook CEO Mark Zuckerberg outlined a new vision for the company on its quarterly earnings call Monday, announcing a significant $10 billion investment in the “metaverse,” with higher expenses to follow in subsequent years, a change in how the company reports earnings, and most critically a new strategic “North Star”: Serving young adults age 18-29, […]

Ex-Facebook Employee Tells Congress Social Network’s Products Hurt Kids, Fuel Division

A former Facebook data scientist told Congress on Tuesday that the social network giant’s products harm children and fuel polarization in the U.S., adding that its executives refuse to change because they elevate profits over safety. And she said responsibility for that lies right at the top, with Facebook CEO Mark Zuckerberg. Frances Haugen, testifying […]

Facebook Ad Revenue Jumps to $28B in Second Quarter

Facebook’s ad revenue increased 56 percent year over year for a total of $28.58 billion in the second quarter of this year, according to earnings reported Wednesday. The majority of the company’s revenue, which totaled $29 billion, came from advertising. The company attributed the ad revenue growth to a 47 percent increase in the average […]

Facebook, Instagram Plan to Pay $1B in Creator Incentives

Facebook and Instagram will pay $1 billion to creators through 2022 as an incentive to use the platforms, Facebook CEO Mark Zuckerberg said on Wednesday. “We want to build the best platforms for millions of creators to make a living, so we’re creating new programs to invest over $1 billion to reward creators for great […]

“Trying to Act Human Again”: Mark Zuckerberg Mocked Over July 4th Video

Mark Zuckerberg leaned into his reputation of being something of a singular fellow with rather eccentric and niche pursuits to display his love for America on July 4th. The Facebook billionaire posted a short video to his official Instagram account of himself riding a hydrofoil surfboard while carrying the Stars the Stripes all the to […]

EU, U.K. Launch Antitrust Probes Into Facebook Classifieds, Dating Services

The European Union and the U.K. on Friday unveiled formal antitrust investigations into Facebook’s Marketplace classifieds service, with Britain also investigating its online dating service. The probes of the social media giant, led by CEO Mark Zuckerberg, were announced by the European Commission, the EU’s antitrust arm, and Britain’s Competition and Markets Authority (CMA), saying […]

Facebook Revenue Soars to $26.1 Billion, Tops 2.85 Billion Monthly Active Users

The social media giant saw earnings and revenues jump and beat market expectations.

Selena Gomez Shares Private Message to Facebook Leadership on Hate, Racism: “We Have a Serious Problem”

Selena Gomez posted a private message she sent to Facebook's Mark Zuckerberg and Sheryl Sandberg on Friday night, asking the top executives to help stop the spread of "hate, misinformation, racism, and bigotry. ... Our future depends on it."

Facebook Moves to Target Misinformation Before Election

With just two months left until the U.S. presidential election, Facebook says it is taking more steps to encourage voting, minimize misinformation and reduce the likelihood of post-election "civil unrest."