Hong Kong (CNN Business) Facebook (FB) is spending billions of dollars for a stake in India’s largest mobile operator, and teaming up with the country’s richest man to tap into an internet boom. The deal, announced Wednesday, will see the US company invest $5.7 billion for a
Facebook has filed lawsuits against two app developers accused of generating fraudulent revenue using the social media giant’s advertising platform. The company announced the legal action in a blog post-Tuesday. “The developers made apps available on the Google Play store to infect their users’ phones with malware,”
Facebook, Instagram, and WhatsApp were temporarily down early Sunday. All three social media platforms, including Facebook Messenger, were affected by the outage. Downdetector.com, a site that monitors site outages, shows Facebook had been down since 6:30 a.m. EST in much of the world, with thousands of reported
Under investor pressure, Facebook is squashing a proposed ownership structure that would allow CEO Mark Zuckerberg to retain voting control of the company — even as he sold millions of his shares of company stock. Last year, some shareholders filed a class action lawsuit to block Facebook
Three men, accused of cyber crime and theft of N9.2million, property of Lagos State House Speaker, have been sent to Ikoyi Prison by a Federal High Court in Lagos, after they were docked today. The men, Frank Nwokobia, 27, Ezeoke Kanayochukwu, 25, and Godwin Essien,