The Russian origin viral “FaceApp” has more than 100 million downloads on Google Play and is top-ranked on iOS App Store in 121 countries. While the viral app allows people to change their facial expressions and look older, at the same time, people have been giving FaceApp the power to use their pictures — and names — for any purpose it wishes, for as long as it desires.
Dozens of financial, non-profit companies have joined hands with Facebook to put forward a new cryptocurrency, Libra that will allow billions of users to make financial transactions globally. With Libra, Facebook aims to free its users of traditional banking methods. The technology will allow users to send money as well as make payments for goods and services. Source: TheGuardian
As number of users watching original videos on Facebook has reached around 720 million, with 140 million people using the service daily, the social networking website is now looking to compete with YouTube and other rivals. Hence, ad breaks have now been made available in Canada, and support will be added for five more languages — Kannada, Marathi, Punjabi, Swedish and Telugu.
Facebook’s independent investors are disgruntled with the way Mark Zuckerberg handled a series of Facebook scandals last year, which caused huge drop in Facebook’s share price. In Facebook’s annual shareholders meeting, 68% of outside investors voted for a proposal to oust Mark and hire an independent Chairman. However, Mark Zuckerberg, who owns 60% of the voting rights, rejected the proposal.