Silicon Valley technology firms see robust business potential in India as over a billion people are without internet access. Most of the US-based technology majors are looking to India to bring more people online to get connected to their services.
Tags: Mark Zuckerberg
Facebook Inc Posted a Strong Profit of More Than $1 Billion in Q4 2015
The social network giant posted a strong profit. On Wednesday, Facebook reported a $1.56 billion quarterly net income in fourth quarter of 2015.
Facebook growth in 2016 will focus on video advertising, Instagram, and Oculus Rift
Facebook is expected to announce its fourth-quarter earnings soon and analyst are expecting that the company will deliver a better than expected report. The company is also expected to boost its revenue this year through the expansion of its video advertising, Instagram, and Oculus RIft.
Facebook India: Free Basics Internet Program Still Struggles Against India Regulators
The program aims to provide limited internet access to users, but the concept has raised concerns regarding internet neutrality. The Telecom Regulatory Authority of India has asked Facebook to discontinue the service until they provide more information on the program as requested. Facebook has responded with a campaign, but the program's ban has not yet be lifted.
Social Network Facebook to construct second data center in Ireland
Facebook announced its plan to open the second data center in Clonee, Ireland. By opening the Clonee center, the company is joining a list of companies like Google, Apple, Microsoft and Amazon, which operate some of the European centers in the nation.
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Respected investor and web-browser pioneer, Marc Andreessen who is also the owner of a joint venture firm, Andreessen Horowitz had sold nearly 75 percent of his stake in Facebook ahead of the holiday season. According to the regulatory filings, the total shares sold by Andreessen is about $160 million.
Presiden Barack Obama is welcomed by the Facebook community in his new official page. Suddenly, U. S. President Barack Obama decides to have his own Facebook page.
The significant jump in shares of Facebook and Amazon took them into $300-billion club on 4 October. The market capitalization of Facebook soared to $303.6 billion surpassing General Electric's (GE) $299.1 billion.
Facebook CEO, Mark Zuckerberg believed the future of social network is in Virtual Reality. Last year, Facebook acquired Oculus, a VR company. Now they partner with Samsung to make mobile VR experience come to life.
More and more United States giant tech companies are partnering with Chinese firms that are connected with the Asian country's military, leading to fears that it may improve Chinese military technological capabilities and could even harm US national security.
Facebook unveils animated emoticons, Reactions, to go with the 'like' button. The six emojis will have a pilot test in Spain and Ireland. Alongside the 'like' button, Facebook will pilot the Reactions. In particular, it is a set of emoticons including angry, sad, wow, yay, ha-ha and love, Tech Crunch gives details.
In a respectable attempt to provide access to the Internet throughout hard-to-reach places, Facebook is scheduling a satellite launch this 2016 that aims to make the World Wide Web readily accessible to people living in remote parts of Africa.
Facebook Founder Mark Zuckerberg recently spoke at UN and says there is more that can be done that's why he and Microsoft founder Bill Gates, along with Wikipedia founder Jimmy Wales, and U2 front man Bono rallied to eradicate poverty by bringing internet access all over the world. UN has made it a goal to achieve by 2020.
Facebook's new Messenger app has made it easier for businesses to have an organic connection with their customers, which could yet be another way for the giant social media platform to earn money.
