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Facebook could owe $5 billion in back taxes

10 hours agoTechnology : Post Tech

  Facebook is digging in over its fight with the Internal Revenue Service. The social network said this week that it faces a potential $5 billion tax bill after moving some of its assets to Ireland. The company’s tussle with tax authorities dates back to its decision in 2010 to transfer many of its global “intangible” […]

Instagram will soon let you filter comments on your own account

The social network is letting users decide what phrases or words can be blocked from comments on their personal accounts.

Facebook shares hit record high as it beats estimates again

By Tenzin Pema and Anya George Tharakan (Reuters) - Facebook Inc is growing so fast analysts can't keep up. The social networking giant beat market expectations for profit and revenue yet again in latest quarter, pushing up its shares...Show More Summary

Facebook Reported Record Growth, 2 Charts Show Just How Hot The Social Network Is

Last evening, Facebook reported Q2 earnings that smashed all expectations. Steady user growth continued at 3.63% adding 60 million monthly users this quarter to hit 1.71 billion. Quarterly revenue of $6.44 billion also blew past estimates. _____________________________________ The two charts chronicle Facebook's continued phenomenal user growth. Related articles The Most...

Wall Street is going nuts for Facebook after its incredible quarter (FB)

Facebook smashed it last quarter, and now Wall Street is going nuts. The social networking giant reported its Q2 2016 earnings on Wednesday — and the numbers beat analysts' expectations on just about every important metric. Revenue was up 59% year-on-year, and daily active users were up 17%. Show More Summary

More than 1 billion users access Facebook on mobile daily

Facebook’s title as the world’s largest social network still stands as the social network giant now boasts 1 billion mobile daily active users.

Facebook just can't stop growing

In stark contrast to Twitter's recent woes, Facebook is enjoying what is probably its most successful year-to-date. The social network has reported that it made $6.44 billion in revenue and $2.05 billion in profit this past quarter, which is 59 percent over this time last year. Show More Summary

?Facebook shares leap on forecast-bashing results

The social network's second-quarter numbers -- profits, revenues, ads and new users -- have investors in a buying frenzy

Facebook's Net Income Nearly Triples on Advertising Strength

The social network reported net income of $2.06 billion, or 71 cents a share, compared with $719 million or 25 cents per share a year ago.

Twitter, Sky Sports Reach Deal for Premier League Highlights, Goals

Live video streaming was a key point of discussion during Twitter’s second-quarter-2016 earnings call Tuesday, and it didn’t take the social network long to ink another pact.

Live video has made Facebook the place to be - CNET

Mark Zuckerberg's focus on live video has turned the social network into a destination of the political stage.

Facebook schools everyone and wins social network earnings, again

Is Facebook just too good?  The social networking giant blew past Wall Street expectations of both revenue and earnings per share for its second-quarter of 2016 earnings released Wednesday. Facebook's stock was up by more than 6 percent...Show More Summary

Facebook crushes Q2 earnings, hits 1.71B users and record high share price

Coming off an all-time high stock price of $123.34, Facebook in Q2 2016 smashed earnings again. The social network continued steady growth just slightly slower at 3.63% compared to last quarter’s 3.77%, adding 60 million monthly users this quarter to reach 1.71 billion. Show More Summary

This is How Facebook "Accidentally" Blocked DNC Email Leak Scandal

Submitted by Everett Numbers via, Once again, the impartiality of Facebook’s news feature is being called into question. This time, the social network claims it“accidentally” obstructed all links to the leaked Democratic...Show More Summary

Facebook Open-Sources Surround 360 3-D 360-Degree Camera System

Facebook introduced its Surround 360 3-D 360-degree camera system at its F8 global developers conference in April, and this week, the social network open-sourced its specifications.

Twitter admits — again — that it has failed to deal with its abuse problem

Twitter is stagnating. The social network isn't growing, advertiser demand is falling, and the stock is crashing. The ugly and endemic abuse on the platform has also been highlighted in recent weeks, with a torrent of racist and sexualised...Show More Summary

Facebook Quietly Tests A Shift Away From Editorialized 'Trending' Topics

3 days agoNews : Huffington Post

Facebook is apparently testing a new version of its controversial “Trending” module that removes editorialized blurbs written by staffers of the social network. The Huffington Post noticed the change Tuesday night, though others may have received the update earlier this month. Show More Summary

Twitter is still trending downward financially - CNET

User growth remains stagnant, and the social network plans to rely more on video and live-streaming to turn its fortunes around.

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