Search Results for: Mark Zuckerberg
Mark Zuckerberg to testify in $2bn VR lawsuit
January 17th, 2017
Zenimax Media says Facebook unlawfully copied its virtual reality technology to make the Oculus Rift Mark Zuckerberg is expected to appear in a Texas court today to defend Facebook over claims it stole virtual reality (VR) technology. Games studio ...
Bitcoin turns 10 — how it went from an abstract idea to a $100 billion market in a decade
November 1st, 2018
Ten years ago, as Lehman Brothers was declaring bankruptcy and the global economy was lurching into recession, the idea for an alternative currency was being quietly built online. Bitcoin went from an anti-establishment fad on the internet to a ...
Euro and British pound rose, Stocks fluctuated in Asia; These are the main moves in markets
April 11th, 2018
Stocks fluctuated in Asia and Treasuries edged higher amid a lack of fresh impetus as an easing of trade tensions paved the way for investors to turn to key U.S. inflation data due Wednesday. The dollar steadied as traders ...
Facebook just passed Buffett’s Berkshire Hathaway in market value
July 29th, 2016
Mark Zuckerberg has put Warren Buffett in his rear view mirror. Zuckerberg’s tech behemoth, Facebook Inc. FB, +1.35% edged out Buffett’s Berkshire Hathaway Inc. BRK.B, +0.16% moving ahead of the market capitalization of the Sage of Omaha’s investment conglomerate Thursday. Facebook added about $5 billion ...
Facebook ‘colonialism’ row stokes distrust in Zuckerberg
February 11th, 2016
Mark Zuckerberg has moved quickly to put a digital bargepole between himself and one of Facebook‘s influential and well-regarded board members. He was attempting to limit the damage caused by a tweet that could have far-reaching consequences as he continues to ...
Facebook tops General Electric in market value
November 6th, 2015
Facebook surpassed General Electric, which traces its history back to Thomas Edison and the first light bulb, in market value Thursday as the U.S. economy sheds the last of its industrial influence and moves firmly into a digital age decades in ...
China prepares to launch its own digital currency as Facebook’s Libra languishes
November 13th, 2019
China is moving closer to releasing the world’s first government-backed digital currency. Li Wei, the head of technology for the People’s Bank of China, the central bank, said on Monday that commercial banks should increase their use of blockchain ...
Facebook to pay $5 billion over the company’s privacy policies
July 29th, 2019
The Federal Trade Commission approved a record $5 billion settlement Wednesday with Facebook over the company’s privacy policies. Shares of Facebook were down slightly following the announcement, but turned positive in the afternoon, up about 1.1% by the end ...
Wrong handling of user data may cost up to $5B for Facebook
April 25th, 2019
Facebook said Wednesday it expects to shell out between $3 billion and $5 billion to settle the FTC’s ongoing investigation into its handling of user data, foreshadowing a potentially massive penalty from the nation’s top consumer protection agency. The ...
Facebook gives lawmakers 450 pages of answers from April hearings
June 12th, 2018
Facebook Inc. turned in more than 450 pages of homework to U.S. lawmakers, defending itself against claims that it is a monopoly and sidestepping questions about the effectiveness of an app that can effectively spy on competitors. In documents ...
