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  • Snap shares fall as growth falls below expectations

    ​Snapchat-owner Snap Inc on Tuesday reported slower user growth than Wall Street expected and said it was redesigning the app, sending shares down about 20 percent on concerns it was being beaten by established rivals such as Facebook's Instagram.

    Written by Reuters08 Nov. 17 09:12
  • Facebook profit jumps, no impact from Russia issue

    Facebook reported better-than-expected quarterly profit and revenue on Wednesday as it pushed further into video advertising, showing no sign of financial damage from the controversy over how Russia used the social network in an attempt to sway voters in the 2016 U.S. election.

    Written by Reuters02 Nov. 17 09:12
  • Social media execs to testify about Russia and U.S. election

    ​Executives from Facebook, Twitter and Alphabet Inc's Google have been asked to testify about Russian meddling in the 2016 U.S. election before a House of Representatives panel on Nov. 1, a congressional aide said on Thursday.

    Written by Reuters06 Oct. 17 09:35
  • Why you need to stop comparing Snap to Facebook

    Snap’s short life as a public company took a turn for the worse this week. While dramatic slides in value aren’t unprecedented for new publicly traded social firms, Snap does have some perception problems to address.

    Written by Matt Kapko13 May 17 06:03
  • Facebook nears 2 billion users, warns ad growth will slow

    Facebook outperformed financial projections for the eighth consecutive quarter and is closing in more than 2 billion monthly users. However, the company says expect ad growth to slow.

    Written by Matt Kapko06 May 17 00:21
  • Facebook's text understanding AI is coming to a phone near you

    Developers have a new tool to help mobile apps understand text, thanks to a Facebook open source project update on Tuesday. The social networking company’s AI research group released a new version of FastText, a programming library that’s designed to make it easier for developers to deploy text-focused machine learning systems.

    Written by Blair Hanley Frank03 May 17 10:23
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