Fubk latest news 2019 2020
Here are some of the latest news from Facebook (FUBK) for 2019 and 2020:
2019:
- Facebook's Libra Cryptocurrency: In June 2019, Facebook announced its plans to launch a new cryptocurrency called Libra, which was met with skepticism and criticism from regulators and lawmakers.
- Data Breach: In September 2019, Facebook disclosed a data breach that affected 29 million users, which was caused by a vulnerability in its "View As" feature.
- Facebook's Revenue Growth: In October 2019, Facebook reported a 22% increase in revenue to $17.7 billion, driven by growth in its advertising business.
- Facebook's Earnings Miss: In January 2020, Facebook reported a surprise earnings miss, citing increased competition and regulatory challenges.
2020:
- COVID-19 Pandemic: In March 2020, Facebook announced that it would be taking steps to help combat the spread of misinformation about COVID-19, including removing false claims about the virus.
- Facebook's Revenue Growth Slows: In April 2020, Facebook reported a 12% increase in revenue to $18.7 billion, which was slower than expected due to the pandemic.
- Facebook's Ad Revenue Declines: In July 2020, Facebook reported a decline in ad revenue for the first time in its history, citing the ongoing pandemic and increased competition.
- Facebook's Antitrust Probe: In August 2020, the US Department of Justice launched an antitrust probe into Facebook, alleging that the company has engaged in anticompetitive behavior.
- Facebook's WhatsApp and Instagram Integration: In October 2020, Facebook announced plans to integrate WhatsApp and Instagram, allowing users to communicate across the three platforms.
These are just a few of the latest news stories from Facebook for 2019 and 2020. If you're looking for more information, I can try to help you with that!