Facebook said Wednesday its profit took a hit from setting aside billions of dollars for an anticipated fine from US regulators, in a quarterly report that sent shares higher.
The leading social network logged a profit of $2.4 billion -- down 51 percent from a year earlier -- on revenue that climbed 26 percent to $15.1 billion in the first three months of this year.Full Story
Facebook said Monday it has hired a high-ranking US State Department lawyer credited with helping craft the controversial Patriot Act as the social network's new general counsel.Full Story
Samsung announced Thursday it will inspect units of its highly anticipated folding smartphone after some reviewers reported screen damage.Full Story
A Google-linked firm will start delivering takeaways and other small items to Canberra residents after the company received approval from aviation watchdogs in Australia on Tuesday.Full Story
A Dutchman completed an epic 95,000 kilometer (59,000 mile) journey by electric car in Sydney Sunday in a bid to prove the viability of such vehicles in tackling climate change.Full Story
Samsung Electronics on Friday released the Galaxy S10 5G, the world's first available smartphone with built-in fifth-generation communications technology, as South Korea seeks to build a lead in the transformative system.Full Story
Messaging app Snapchat, which is widely popular among younger users but has struggled to turn a profit since its creation in 2011, on Thursday unveiled new features including an integrated gaming platform, an expansion of its original series and new parnerships with developers.Full Story
Belgian prosecutors are seeking a suspended prison sentence for an entrepreneur accused of promoting prostitution through a dating site for rich men and young women.Full Story
South Korea launches the world’s first fully-fledged 5G mobile networks Friday, a transformational leap that already has superpowers sparring for control of an innovation that could potentially change the day-to-day lives of billions of people.
The superfast communications heralded by fifth-generation wireless technology will ultimately underpin everything from toasters to telephones; from electric cars to power grids.Full Story
Facebook chief Mark Zuckerberg's call for "globally harmonized" online regulation raises questions about how internet platforms can deal with concerns about misinformation and abusive content while remaining open to free speech.
Here are key questions about the latest proposal from Facebook:Full Story