Facebook beat analysts' estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to tap a surge in online traffic during the pandemic even as they slashed marketing budgets elsewhere.
Outdoor apparel brand Patagonia Inc will pause its ads on Facebook Inc and Facebook’s photo-sharing app, Instagram, making it the latest company to join a boycott campaign organized by U.S. civil rights groups.
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for small businesses by capitalising upon WhatsApp's already extensive reach within India.
The U.S. Federal Trade Commission is considering asking a court to stop Facebook from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger subsidiaries, The Wall Street Journal reported on Thursday.
Facebook on Thursday launched a catalog feature for its WhatsApp messaging app, building out the service's e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion.