Social Networks

Facebook has announced that Hugo Barra would be onboarding the company to head up its virtual reality business, including the Oculus team. Barra just days ago announced his departure from Xiaomi. Barra will fill the void left last month, when Brendan Iribe stepped down as CEO of Oculus to head up a ...

Facebook COO Sheryl Sandberg on Tuesday announced the Startup Garage, the company's first-ever business incubator, which will be located in Paris at the new Station F hub launched last year. The Startup Garage will provide a six-month program of mentorship and assistance for new companies. About10-1...

Instagram on Wednesday announced that businesses will be able to place immersive, full-screen video ads in its Stories feature, which has attracted 150 million daily users since its launch five months ago. Further, Instagram Business Tools will include insights on stories, which will allow business ...

Facebook investors have accused director Marc Andreessen of secretly coaching CEO Mark Zuckerberg regarding a major sale of shares he held. The structure of the sale enabled Zuckerberg to refocus on philanthropic activities while maintaining lifetime control over the company he cofounded. The suit a...

Microsoft last week closed its $26 billion acquisition of LinkedIn. LinkedIn will remain a separate company and Jeff Weiner will continue as its CEO, but he now reports to Microsoft CEO Satya Nadella. Integration of the companies' products is under way. Among many other things, a user's LinkedIn ide...

Twitter last week purchased Yes and named the mobile app startup's CEO, Keith Coleman, as its new VP of product -- a challenging post. Coleman will be Twitter's third VP of product this year and the fifth since 2014. Twitter's main problems are monetization, which has plagued it since its founding; ...

A LinkedIn block in Russia could be imminent, in light of last week's court ruling that the company broke a law requiring personal data on Russian citizens to be stored on servers within the country. Roskomnadzor, Russia's telecommunications and media authority, is waiting until it has the full text...

Twitter Chief Operating Officer Adam Bain is leaving the company, according to a document the company filed with the Securities and Exchange Commission earlier this week. The news comes just weeks after Twitter's attempt to find a buyer failed. Bain ran the company's entire revenue business. Chief F...

Facebook on Wednesday reported a record Q3, beating analysts' expectations for the fourth straight quarter, but investors' concerns about the future drove down share prices. They closed Thursday at $119.95, down more than $7 from Wednesday's closing price of $127.17. Friday saw little movement, with...

Twitter appears close to slashing another 300 jobs, or about 8 percent of its workforce, as it works to recover from a failed round of acquisition talks with several suitors. The job cuts likely would be in sales. Twitter might be taking steps to make itself look more attractive to investors in prep...

Snap this week hired Morgan Stanley and Goldman Sachs Group to manage its IPO, according to multiple reports citing people familiar with the matter. JPMorgan Chase, Deutsche Bank, Allen & Co., Barclays and Credit Suisse Group reportedly also will play a role. The IPO, expected as early as this s...

Germany's data protection regulator has ordered Facebook to stop collecting and storing data from WhatsApp users in the country. Facebook also must delete any data it already may have harvested from German WhatsApp users, according to Johannes Caspar, Hamburg Commissioner for Data Protection and Fre...

Twitter shares remained strong Monday after Friday's sharp rise on reports that it was considering a possible sale, with Google parent Alphabet and Salesforce emerging as two of the most likely buyers. Twitter for more than a year has faced enormous pressure, both internally and from investors, to c...