Facebook Shareholder Attorney Stuart Grant, Grant & Eisenhofer Partner, discusses the lawsuit from shareholders in the tech giant about the now-scrapped plan to issue non-voting shares.
Recode's Kara Swisher discusses the ongoing fallout for Facebook from the Russian-linked advertising and the fight against "fake news" on the platform.
Former president Barack Obama and Facebook founder and CEO Mark Zuckerberg met on Nov. 19 in Peru and discussed the spread of fake news on the site, the Washington Post reported.
Efforts to stop the spread of fake news on Facebook continued at the highest levels after Donald Trump won the 2016 presidential election.
WASHINGTON, Sept 24- Internet giants, including Alphabet's Google and Facebook, are moving to compromise on several major policy issues as they adjust to an abrupt shift in the political winds in Washington. These firms enjoyed an especially close relationship with the Democratic administration of former President Barack Obama, which saw several officials...
WILMINGTON, Del., Sept 22- Facebook Inc Chairman Mark Zuckerberg abandoned plans on Friday to create a new class of company stock with no voting power, which was meant to be a way for Zuckerberg to retain control over the company he founded while fulfilling a pledge to give away his wealth. In December 2015 Zuckerberg and his wife, Priscilla Chan, a pediatrician,...
NEW YORK— Mark Zuckerberg said Friday that Facebook is withdrawing plans to create a new class of stock that would have let him keep tight reins on the social media company even as he sold down his stake to fund his philanthropy. Zuckerberg had said in April 2016 that the plan for the new shares would let him fund his philanthropy goals while keeping control of...
Facebook is fighting through a tangled morass of privacy, free-speech and moderation issues with governments, The New York Times reports.
CNBC's Julia Boorstin reports Facebook CEO Mark Zuckerberg plans to sell shares for philanthropy and has dropped plans to offer a new class of shares.
CNBC's Leslie Picker reports Facebook CEO Mark Zuckerberg has announced the company will drop plans for a new class of shares.
WASHINGTON— Legislation floated by two Democratic senators would enhance transparency for online political ads, requiring social media companies like Facebook and Twitter to keep a public file of election ads and communications. The letter was sent Thursday, the same day that Facebook said it will provide the contents of 3,000 ads bought by a Russian agency...
WILMINGTON, Del., Sept 22- Facebook Inc's trial over a shareholder lawsuit opposing the company's stock reclassification has been canceled, according to a clerk in Delaware's Court of Chancery. The reason for the cancellation was not known. Facebook founder Mark Zuckerberg was scheduled to testify at the trial, which was to kick off on Tuesday.
If a government decides that there is a such thing as too much influence being held by a corporation, technology giant or otherwise, there is a risk to its shareholders, writes Josh Brown.
Jeff Richards, GGV Capital managing partner, discusses the increased scrutiny on Facebook even as the social media giant agrees to hand over the contents of Russian-linked ads to Congress.
President Donald Trump said that political ads bought by fake Facebook accounts in Russia is the latest chapter in the "hoax" of Russian election meddling.
CNBC's Julia Boorstin reports Facebook's Mark Zuckerberg has outlined a nine-step plan to protect election integrity and make sure the company is a force for good in democracy.
Mike Allen, Axios executive editor, talks about Facebook's agreement to hand over political ads to congressional investigators.
SAN FRANCISCO, Sept 21- Facebook Inc on Thursday launched an overhaul of how it handles paid political advertisements, giving a concession to U.S. lawmakers who have threatened to regulate the world's largest social network over secretive ads that run during election campaigns. Zuckerberg, broadcasting live on Facebook from company headquarters in Menlo...
See which stocks are posting big moves after the bell.
Chief Executive Mark Zuckerberg said the company would start by sharing with U.S. congressional investigators some 3,000 political ads that it says Russia- based operatives ran on Facebook in the months before and after last year's U.S. presidential election. Earlier this month, Facebook said an operation likely based in Russia spent $100,000 on thousands...