Facebook's former director of monetization says Facebook intentionally made its product as addictive as cigarettes — and now he fears it could cause 'civil war'

A former Facebook director lashed out at the company's business model during testimony before Congress on Thursday, saying Facebook's focus on driving engagement outweighs its consideration of potential harms. In his prepared remarks before a House committee hearing, Facebook's former director of monetization Tim Kendall said Facebook "took a page from Big Tobacco’s playbook, working […]

Mark Zuckerberg Gets Even Richer, Joins The Ranks Of The ‘Centibillionaires’

Mark Zuckerberg’s fortunes have risen even more, propelling the Facebook founder and CEO into the ranks of the “centibillionaires” — those whose net worth is at least $100 billion.  As of Thursday, according to the Bloomberg Billionaires Index, the 36-year-old Zuckerberg was the third-richest person in the world, right behind Bill Gates, worth $120 billion, […]

Facebook aims to extend products, tech built with Jio to other markets

Facebook’s mega ₹ 43,574-crore pact with Reliance Jio will help the social media giant build products and technology that can be extended to other parts of the world, its Chief Executive Officer Mark Zuckerberg said. He also said the social media giant aims to create a “much better shopping and commerce experience” in India working […]