USA TODAY
Facebook appears to be bracing itself over Apple s recent privacy change that could affect the social media giant s bottom line.
Apple s latest software update, iOS 14.5, and its privacy change giving users more control and transparency about who s tracking them has the social media behemoth concerned, even after posting impressive first-quarter earnings with a 10% growth in monthly users.
It s those ads – that sometimes even feel eerily targeted – that bring Facebook the lion s share of its revenue, and any limited access to the prized data – your data – could hamper Facebook s U.S. digital advertising, estimated to be about $40 billion, according to eMarketer.
Facebook to turn Menlo Park headquarters into vaccination site reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Facebook spent $24 million in 2020 keeping its billionaire CEO Mark Zuckerberg and his family secure at home and when travelling. Pictured: Zuckerberg and wife Priscilla Chan
Facebook spent $24 million on keeping its billionaire CEO Mark Zuckerberg secure at home and when travelling in 2020, according to a financial filing from the tech giant.
The huge cost comes due to identified specific threats faced by the company s co-founder, necessary due to his unique position as one of the most recognised executives in the world, according to the proxy statement filed on Friday.
Facebook spent $3 million more on protecting Mr Zuckerberg than in 2019, with the increase in costs blamed on the pandemic, the 2020 US elections, and the rising cost of personal bodyguards.
Reuters Reuters
11 April, 2021, 8:33 am
Earlier this year, the social media company decided to launch a tool to give people in the United States information about where to get COVID-19 vaccines. Picture: REUTERS.
(Reuters) – Facebook Inc said on Friday it is converting a part of its Menlo Park headquarters into a vaccination site, joining the government effort to speed up the vaccination drive in the United States.
For this initiative, the company is teaming up with Ravenswood Family Health Centre, Chief Operating Officer Sheryl Sandberg wrote in a post.
“We’re also teaming up with the State of California and local nonprofits to support mobile vaccination clinics in four of the state’s hardest hit regions,” wrote Sandberg.
Facebook to convert Menlo Park headquarters into vaccination site india.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india.com Daily Mail and Mail on Sunday newspapers.