Facebook racked up $2.379 billion in profit, up an impressive 16% versus the $2.05 billion it raked in last quarter, and up a stellar 160% year over year. Expenditures were up slightly to $1.1 billion. Facebook is sitting on $26.14 billion in cash, equivalents, and securities now, just in case it wants to buy another WhatsApp.

Facebook chief executive breaks his silence regarding Peter Thiel's controversial donation on Donald Trumps campaign.

Facebook, the parent company of Oculus, begins to widen its users’ imaginations with its newest virtual reality technology. This technology will determine how social interaction from users around the World Wide Web happens, and the good news is, we may witness the initial preparations for this advancement earlier than it is expected.

Mark Zuckerberg, CEO of Facebook announces its virtual reality on a social network. The new app has a lot of features where users can enjoy the fabulous games, chat, music and etc.

Facebook Inc is bullish on Asian market potential. Recently, Facebook's Free Basics service has been banned by Telecom Regulatory Authority of India (Trai). Despite this jolt, Facebook is still optimistic about adding number of users as the region is recording much faster growth rate than other parts of the world.

Owners of Samsung Gear VR can connect the headset to their Facebook accounts. Starting next week, users will be able to like and share 360-degree video from inside the VR headset.

The US government has appeared in a row with Apple centering unlocking of encrypted data of an iPhone allegedly used by a terrorist. Apple opposes the demand citing creation of backdoors for the law enforcers, may lead to a potential abuse. Supporting Apple stand, Mark Zuckerberg has pledged playing due rolls in its fight while addressing in the Mobile World Congress on Monday.

A leaked document revealed Facebook’s plan to start monetizing on of its fastest-growing and most popular product, the Messenger. The document stated that in the second quarter this year, a new feature would be launched, allowing businesses to send advertisement chats via Messenger.

Facebook has introduced an app naming Free Basics in collaboration with Reliance group. Due to allegations for violating net neutrality, TRAI has instructed Reliance group to restrict access into Free Basics till completion of the investigation over its legal aspects. But industry insiders believe, Facebook may reappear with greater vicinity anytime soon.

India’s internet regulator, the TRAI, had officially banned Facebook’s Free Basics program. The program has been banned for a few months now, but TRAI has been willing to reevaluate the terms until it came up with the decision that the program would not be allowed in the country. The Free Basics program was banned due to concerns over internet neutrality.