At Facebook’s annual developer conference, F8, on Wednesday, the group unveiled what may be Facebook’s most ambitious—and creepiest—proposal yet. Facebook wants to build its own “brain-to-computer interface” that would allow us to send thoughts straight to a computer.
Ask Mark Zuckerberg, and he’ll tell you “Facebook is not a media company.” So it’s especially peculiar that the company is now talking to video producers and TV studios about licensing shows, according to a new Recode report.
Facebook is making good on its promise to build affordable housing near its headquarters in Menlo Park. The social media giant announced plans on Friday to build new housing in the area to offset concerns about the controversial
1.1 million square-foot expansion of its headquarters.
Bolstered by surging revenues, the growing popularity of Facebook Live and the recent debut of a food-delivery service, shares of Facebook rose 1.5% Friday, finishing 3% above Monday’s opening price. As the company heads toward its quarterly earnings announcement on November 2, the stock is now trading at an all-time high.
Yesterday, Elon Musk’s Falcon 9 rocket exploded during a test fire. But that wasn’t all—by the time the day was over, Musk had also lost nearly $780 million and Mark Zuckerberg’s love.
Facebook has the same number of users now as there were people alive just a century ago, which is a pretty impressive number of users for a dorm-room project after just a decade. And if you’re the guy who did the project, you’d probably want to tout that.
As its biggest rivals stumble, Facebook wildly beat Wall Street’s expectations when it released its earnings yesterday. The company said that it now reaches more than a billion people every day and 1.65 billion people every month. Profits for the first three months of the year tripled compared to the same time last year to $1.5 billion on $5.3 billion in revenue. In response, Facebook’s stock hit an all-time high this morning.