Facebook’s Second-Quarter Sales Top Estimates as Ads Rebound
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July 31, 2020
(Bloomberg) — Facebook Inc.’s second-quarter sales topped analysts’ highest estimates, rebounding from a pandemic-fueled disruption to digital advertising earlier in the year as its social media apps continued to draw more users. Revenue rose 11%…
Big Tech House Hearing Reveals Mark Zuckerberg Emails About Facebook’s Instagram Acquisition
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July 30, 2020
Facebook’s $1 billion deal to buy Instagram in April 2012 became a focal point of the House Antitrust Subcommittee’s wide-ranging antitrust hearing Wednesday with four major tech company CEOs. The committee disclosed emails from Mark Zuckerberg revealing…