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Facebook, Inc. is an American online social media and social networking service company based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. It is considered one of the Big Four technology companies in the world. The founders initially limited the website's membership to Harvard students and subsequently Columbia, Stanford, and Yale students.

Facebook Will Pay Illinois Users $650 Million to Settle Privacy Lawsuit

According to the court's decision, each of the 1.6 million Illinois residents who filed the lawsuit will receive at least $345 in compensation from Facebook within two months if the company does not appeal the court decision.

Facebook Unveiled Bars, an Experimental Rapper App With Ready-Made Beats

Bars is developed by the New Product Experimentation division at Facebook. In 2020, the team already released Collab, a music app that allows musicians to make collaborative music videos.

Facebook Will Invest $1 Billion in News After Australia Dispute

The company now says it is ready to partner with news outlets and promote quality journalism. Facebook has already announced future collaboration agreements with a number of UK and US publishers.

Facebook Will Restore News Content in Australia

Facebook and the Australian authorities agreed to make four amendments to the bill. They suggest that once the law enters into force, Australian authorities will have to notify digital platforms one month in advance that they must comply with the new law.

Facebook Bans News Content in Australia

From now on, Australian users will not be able to read or share international and local news as well as post and share links containing news content on Facebook. Facebook users worldwide also will not be able to share news from Australian publications.

Facebook Is Reportedly Working on a Clubhouse Rival

The source says that Facebook executives instructed employees to create a similar product. It is noted that Facebook's audio chat service is currently in its early stages of development.

Telegram Became the Most Downloaded App in the World

After WhatsApp delayed the new privacy policy's deadline to set in until May, Telegram and Signal have gained traction in the first month of 2021.

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