Facebook (FB) to Annouce Deal with ESL to Broadcast Esports as Part of Shift in Video Strategy -WSJ

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EU fines Facebook 110 million euros over WhatsApp deal

May 18, 2017 2:56 AM EDT

BRUSSELS (Reuters) - European Union antitrust regulators fined Facebook 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014.

Calling it a "proportionate and deterrent fine", the European Commission, which acts as the EU's competition watchdog, said Facebook had said it could not automatically match user accounts on its namesake platform and WhatsApp but two years later launched a... More

Facebook faces EU fine over misleading WhatsApp data: source

May 17, 2017 3:05 PM EDT

By Foo Yun Chee

BRUSSELS (Reuters) - U.S. social network Facebook (NASDAQ: FB) is set to be penalized by EU antitrust regulators for allegedly providing misleading data related to its WhatsApp acquisition three years ago, a person familiar with the matter said on Wednesday.

The move by the European Commission will come after a six-month... More

Facebook to reimburse some advertisers after discovering bug

May 16, 2017 3:00 PM EDT

(Reuters) - Facebook Inc said on Tuesday it would refund some advertisers after finding a bug that wrongly attributed video carousel ad clicks as clicks to the advertisers' websites.

When users tried to expand and watch the video carousel on the mobile web browser, the bug inadvertently directed... More

Etsy heads for biggest gain since 2015 after funds reveal stake

May 16, 2017 12:50 PM EDT

By Noel Randewich

SAN FRANCISCO (Reuters) - Shares of Etsy Inc (NASDAQ: ETSY) surged more than 23 percent on Tuesday and were on track for their biggest daily gain since 2015 after two investment firms revealed stakes in the online crafts retailer and the company said it was reviewing its strategy.

Etsy nearly doubled in its 2015... More

Snap (SNAP) Sees Declining App Installs During Start of 2Q - Odeon Capital Group

May 16, 2017 11:59 AM EDT

Odeon Capital analyst Jahanara Nissar highlights declining year over year app install data for Snap (NYSE: SNAP) according to information from SensorTower, while Facebook's (NASDAQ: FB) Instagram experienced year over year growth during the same period.

April 2017 YoY... More


May 16, 2017 9:38 AM EDT


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Facebook adds Snapchat-like camera filters to Instagram

May 16, 2017 9:14 AM EDT

By Angela Moon and Aishwarya Venugopal

(Reuters) - Facebook Inc's (NASDAQ: FB) Instagram has souped up its camera with quirky face-tracking filters, adding another feature similar to one offered by social media rival Snap Inc's (NYSE: SNAP) Snapchat.

Instagram users will now be able to choose from eight filters including koala ears that move and twitch as well as math equations that spin to create humorous effects for their photos or videos.

Other new features include... More

Facebook fined 150,000 euros by French data watchdog

May 16, 2017 6:07 AM EDT

PARIS (Reuters) - Facebook (NASDAQ: FB) has been fined 150,000 euros ($166,000) by France's data protection watchdog for failing to prevent its users' data being accessed by advertisers.

Watchdog CNIL said its fine - which was imposed on both Facebook Inc and Facebook Ireland - was part of a wider European investigation also being carried out in Belgium, the Netherlands, Spain and Germany into some of Facebook's practices.

The 150,000 euro fine is small in the context of the company, which has quarterly revenue of about $8 billion and a stock market capitalization which stands... More