The company, which also owns Instagram and WhatsApp, has lost a half-trillion dollars in market value so far this year.
Meta's quarterly earnings are another sign of a protracted slowdown in the digital ad market. Soaring inflation, interest rate hikes and other economic woes are making advertisers cautious.
More people used Facebook in the first quarter than analysts expected, easing concerns about competition from TikTok.
Investors wiped more than $250 billion off the market value of Facebook owner Meta after the company warned competition from TikTok is weighing on growth.
In a new book, Cecilia Kang and Sheera Frenkel say Facebook failed in its effort to combat disinformation. "Facebook knew the potential for explosive violence was very real [on Jan 6]," Kang says.
After a pandemic pause last year, the top brass of tech, media and markets descended in central Idaho for an annual gathering. This is what it was like to be there this year.
Facebook's Mark Zuckerberg is expected to attend. So is Apple's Tim Cook. A look inside the Sun Valley conference for top media and tech moguls organized by a little known investment firm.
The first big test of Facebook's Oversight Board reveals the challenges of checking the power and scale of the social media giant.
The civil rights group says Facebook CEO Mark Zuckerberg promised Congress and the public the network would move fast to take down posts that break its rules, but anti-Muslim bigotry is still present.
The leaders of Facebook, Twitter, and Google were not eager to admit fault when it comes to bad information on their platforms, but it's clear Congress is getting closer to regulation.
Facebook's Mark Zuckerberg, Google's Sundar Pichai and Jack Dorsey of Twitter will testify about the steps they have taken to deal with misinformation about the election, COVID-19 and vaccines.
Advocacy groups are demanding the social network disclose how it reviews Spanish-language content and appoint a high-level executive to oversee policy and enforcement in Spanish.
The Amazon CEO and four other billionaires are part of the world's most exclusive club in the midst of the pandemic: those whose fortunes exceed $100 billion.
The new ban is an expansion of the social network's rules against misinformation that could lead to imminent physical harm. It comes as governments prepare to roll out the first vaccinations.
The Senate Judiciary Committee grilled Facebook's Mark Zuckerberg and Twitter's Jack Dorsey over how they handle false and misleading claims about the election, including from President Donald Trump.