Business

Facebook tech chief Mike Schroepfer to step down

Facebook's Chief Technology Officer Mike Schroepfer is stepping down from the social media company, taking on a part-time role while longtime executive Andrew Bosworth will replace him next year.

Business

Facebook ad business hit by new Apple privacy rules

Facebook said Wednesday that Apple's iPhone privacy changes, which allow users to block tracking, significantly affected its advertising revenues because less data could be collected.

Internet

Facebook oversight board reviewing 'XCheck' system for VIPs

Facebook's semi-independent oversight board says it will review the company's "XCheck," or cross check, system following an investigation by The Wall Street Journal into the use of this internal system that has exempted high-profile ...

Internet

Facebook seeks to defend itself after scathing reports

Facebook on Tuesday fired back after a series of withering Wall Street Journal reports that the company failed to keep users safe, with the social media giant noting an increase in staff and spending on battling abuses.

Internet

Facebook bans German accounts under new 'social harm' policy

Facebook removed almost 150 accounts and pages linked to anti-lockdown demonstrators in Germany, the company announced Thursday, under a new policy focused on groups that spread misinformation or incite violence but who don't ...

Internet

Facebook shields VIPs from some of its rules: report

Facebook exempts certain celebrities, politicians and other high-profile users from some its own rules for posts as part of a program launched as a quality-control mechanism, the Wall Street Journal reported on Monday.

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Facebook

Facebook is a social networking website that is operated and privately owned by Facebook, Inc. Users can join networks organized by city, workplace, school, and region. People can also add friends and send them messages, and update their personal profiles to notify friends about themselves. The website's name stems from the colloquial name of a book given to incoming students at Zuckerberg's high school alma mater, Phillips Exeter Academy. The book shows the faces and names of the school's students and faculty.

Mark Zuckerberg founded Facebook with fellow computer science major students and his roommates Dustin Moskovitz and Chris Hughes while he was a student at Harvard University. Website membership was initially limited to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and Stanford University. It later expanded further to include any university student, then high school students, and, finally, to anyone aged 13 and over. The website currently has more than 250 million active users worldwide.

Facebook has met with some controversy over the past few years. It has been blocked intermittently in several countries including Syria, China and Iran, although Iran later unblocked Facebook in 2009. It has also been banned at many places of work to discourage employees from wasting time using the service. Privacy has also been an issue, and it has been compromised several times. Facebook is also facing several lawsuits from a number of Zuckerberg's former classmates, who claim that Facebook had stolen their source code and other intellectual property.

A February 2009 Compete.com study has ranked Facebook as the most used social network by worldwide monthly active users, followed by MySpace.

This text uses material from Wikipedia, licensed under CC BY-SA