Facebook on Wednesday reported that its quarterly profit surged as its ranks of monthly users closed in on two billion, but warned of rising expenses and slowing revenue growth.
The leading social network said it made a profit of $3.06 billion on $8.03 billion in revenue in the first three months of this year, posting increases of 76 percent and 49 percent, respectively, compared to the same period last year.
Meanwhile, the number of people using Facebook monthly increased 17 percent to 1.94 billion, according to the earnings report.
Facebook Inc. will hire 3,000 people around the world to monitor videos and posts for violent or criminal acts, and potentially prevent tragedies from occurring.
The social-media site has faced calls to do more, and respond faster, after a murder and a suicide were recently shown live. The new employees, who will be added over the next year, will join 4,500 people already on Facebook’s content moderation force.
The man who police said posted a video of himself on Facebook killing an elderly man shot and killed himself after a "brief pursuit" by Pennsylvania State Police officers on Tuesday, police said.
Steve Stephens was accused of shooting Robert Godwin Sr., 74, on a Cleveland sidewalk on Sunday before fleeing in a car and uploading a video of the murder to Facebook, becoming the subject of a nationwide manhunt.
A global alliance of tech industry and academic organisations unveiled plans on Monday to work together to combat the spread of "fake news" and improve public understanding of journalism.
The News Integrity Initiative will launch with $14 million from Facebook, the Ford Foundation, Mozilla and others, based at the City University of New York's journalism school, which will coordinate research, projects and events.
Facebook has almost silently rolled out a new feature, and icon, to a select number of users.
The Facebook rocket icon has appeared on the menu at the bottom of the app, on iOS, and the top of the app on Android. Clicking the icon brings up a second News Feed that looks like a cross between Taboola ads and Snapchat's Discover tab.
Having formed a political party campaigning against racism in politics, political leader of the National Coalition for Transformation and animal rights activist, Nalini Dial is now being called upon by Facebook followers to explain a post in which she links Barack Obama's success to his "white parentage".
Dial posted the comment around 9 am Wednesday morning.
Why did the caiman cross the road? Your guess is as good as any but what we do know is that it created quite a stir as police and a passer-by tried to get it back into the wetland from which it came.
The video was posted by Ricky Ramnath on his Facebook page.
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Ramnath said, "This fella was causing a massive traffic jam right on d accident site. Caroni"
The caiman caused afternoon rush-hour traffic to stop along the south-bound lane of the highway.