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World
Facebook Marks 20th Anniversary with 3 Billion Active Users Globally
Global: February 5, 2024: Facebook, the social media giant owned by Meta Platforms, celebrated its 20th anniversary on February 4, 2024, announcing a remarkable milestone of over three billion active users worldwide. This accounts for 57% of global internet users and 38% of the global population. Launched in 2004 as “TheFacebook” by Mark Zuckerberg and his college roommates at Harvard…
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News
Facebook announces change of company’s name to Meta
Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on its ambitions building the “metaverse,” a shared virtual environment that it bets will be the next big computing platform. The name change comes as the world’s largest social media company battles criticisms from lawmakers and regulators over its market power, algorithmic decisions and the…
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News
Facebook dares Nigeria Government, joins Twitter in removing Buhari’s post on civil war
Social media platform, Facebook has gone ahead to delete President Muhammadu Buhari’s civil war statement for violating its community standards against inciting violence. A quick check shows that Facebook had removed the press statement that caused furore among some Nigerians, while reiterating its commitment to remove any content, from individuals or organisations that violates its policies. It wrote: “In line…
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United States
Facebook, Instagram blocks Trump’s accounts indefinitely
President Donald Trump’s Facebook and Instagram accounts will be locked through at least Inauguration Day, CEO Mark Zuckerberg announced Thursday. “We believe the risks of allowing the President to continue to use our service during this period are simply too great,” Zuckerberg wrote in a statement posted to his personal page. “Therefore, we are extending the block we have placed…
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Technology
Cross-border payments: Global regulators scheme to halt Facebook
Streamlining anti-money laundering checks, longer central bank opening hours and linking national systems would cut cross-border payment costs, global regulators said on Monday. Payments have come under the spotlight since Facebook proposed its Libra digital stablecoin, prompting central banks to think about launching their own digital currency. A report by the Committee on Payments and Market Infrastructures said cross border…
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Technology
90-day security plan: Zoom adds over 100 features
Zoom Video Communications Inc said on Wednesday it has added over 100 features to its video conferencing as part of its 90-day plan to address security and privacy concerns. The company said it has made significant progress for a transparency report that details information related to requests Zoom receives for data, records, or content and the report will be out…
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NEWS
Facebook helps African businesses survive COVID-19 onslaught
Social Media network Facebook says all its economic impact programmes will be offered virtually as the platform seeks to equip small businesses with digital marketing skills to help them stay open, connect with and acquire new customers to survive challenges presented by Coronavirus. Facebook’s Economic Impact Programmes include ‘Boost with Facebook’ currently implemented in 11 African countries, targeting over 41,000…
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Technology
Digital literacy: Facebook launches ‘My Digital World’
As part of its campaign to promote digital literacy across Sub-Saharan Africa, Social Media powerhouse Facebook on Monday announced the launch of ‘My Digital World’ a programme designed to equip the youth and general public across the region with digital skills needed to navigate the digital world. The programme is a consolidation of all Facebook digital literacy programmes, including ‘Safe…
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Nigeria
Ebonyi streamlines related Social Media Groups
The Ebonyi Government says it will shut down most of its related social media – WhatsApp – groups from June 2. The disclosure is contained in a statement signed by Commissioner for Information and Orientation Uchenna Orji in Abakaliki on Sunday. He said that the state government-related WhatsApp groups were directed to be streamlined for ease of information dissemination and management.…
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NEWS
CORONAVIRUS: Facebook partners Nigeria government on fake news
The social networking site, Facebook, has pledged to partner with Federal Government to check the spread of fake news and disinformation in the wake of the outbreak of the Coronavirus in Nigeria. The Minister of Information and Culture, Alhaji Lai Mohammed, who announced this at a news briefing in Abuja on Friday, said it’s obvious that the purveyors of fake…
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NEWS
Mark Zuckerberg’s Net Worth Tumbles
Mark Zuckerberg’s fortune slid $4 billion Thursday as shares of his Facebook Inc. dropped 5.7%, a day after the social-media giant posted its slowest-ever quarterly sales growth. The decline left the chief executive officer with an $81 billion fortune as of 10:07 a.m in New York, with the shares trading at $210.41 apiece. Zuckerberg, 35, remains the world’s fifth-richest person,…
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News
Privacy violations: Facebook to pay $550M
The social media giant, Facebook, will pay over half a billion dollars to settle a class-action lawsuit that alleged systematic violation of an Illinois consumer privacy law. The settlement amount is large indeed, but a small fraction of the $35 billion maximum the company could have faced. Class members — basically Illinois Facebook users from mid-2011 to mid-2015 — may…
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Technology
Facebook celebrates key milestones for Sub-Saharan Africa in 2019
Facebook today released its ‘2019 Year in Review’ infographic, showcasing just some of its investments across Sub-Saharan in 2019. Committed to giving people the power to build community and bring the world closer together, throughout the year this translated into significant support and investments into growing the ecosystem of developers, entrepreneurs, creatives, and many other communities. During 2019, Facebook Africa:…
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Middle East
Islamic State launches social network alternative to Facebook
Facing a ban from mainstream online social networks Facebook and Twitter, supporters of the Islamic State appear to have launched their own “caliphate book.” But 5elafabook.com was offline on Monday just a day after its launch and its Twitter account was suspended, highlighting the challenges faced by backers of the ultra-violent militants based in Iraq and Syria in spreading their…
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Technology
Facebook sued over alleged private message ‘scanning’
Facebook is facing a class action lawsuit over allegations that it monitors users’ private messages. The lawsuit claims that when users share a link to another website via a private message, Facebook scans it to profile the sender’s web activity. It alleges that Facebook systematically intercepts messages to mine user data and profits by sharing it with data…
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