4 ways Wall Street was so wrong about Facebook
To investors' pained surprise, the social network's hard fall suggests its years of easy success may be over
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To investors' pained surprise, the social network's hard fall suggests its years of easy success may be over
Facebook stock dropped more than 20 percent Wednesday night after the company missed Wall Street's expectations for its second-quarter earnings. CNET senior producer Dan Patterson spoke to CBSN about Facebook's future. Patterson also threw cold water on a report that Twitter is "shadow banning" Republican accounts from its search bar, saying, "There's no data to back this up," and, "Let's not chalk up to conspiracy what can be chalked up to incompetence and bugs."
Its stock plunged up to 24 percent Wednesday night, wiping out as much as $150 billion of the company's market value
After data privacy scandal, social network isn't adding as many regular users as Wall Street analysts had expected
Facebook CEO Mark Zuckerberg says he's trying to protect free speech by not removing content about Holocaust denial from his website. CBS News correspondent John Blackstone reports on what Facebook is doing to confront its newest controversy.
Mark Zuckerberg is now clarifying his stance on Holocaust deniers after his remarks about deniers not "intentionally getting it wrong" sparked outrage. Jonathan Greenblatt, CEO of the Anti-Defamation League, joins CBSN to discuss.
Mark Zuckerberg says while he finds such beliefs "deeply offensive," he believes the content shouldn't be blocked
Facebook has been hit with a "max fine" of £500,000 by British officials for improperly handling user data in the Cambridge Analytical scandal. Despite facing an investigation and security issues, Facebook stock is higher than ever and Mark Zuckerberg was recently named the third richest man on earth. CNET senior producer Dan Patterson joined CBSN with the latest.
A Facebook algorithm took down excerpts of the historic document, saying they went "against our standards"
In new documents given to Congress, Facebook revealed it granted dozens of companies special access to user information for months after claiming it shut down access. Jennifer Grygiel, associate communications professor at Syracuse University, joined CBSN to discuss why these special deals bring up new questions about the platform's privacy policy.
"It was the closest thing we could do to hugging that kid," said California couple whose Facebook fundraiser went viral
Thursday's departure comes as the social network behemoth has faced some of the biggest scandals in its history
Europe's General Data Protection Regulation makes it easier for EU residents to give and withdraw permission for companies to use personal information
Facebook CEO Mark Zuckerberg is at a conference in Paris with tech leaders, discussing their global influence. The appearance comes as Facebook and others face growing questions about user data and privacy. European lawmakers grilled Zuckerberg on Tuesday in Brussels. Mark Phillips reports.
Facebook CEO Mark Zuckerberg apologized for misuse of the social media network during a meeting with European Union lawmakers Tuesday. Zuckerberg faced questions over Facebook's response to the Cambridge Analytica data scandal. This all comes as Europe prepares to enact sweeping data privacy laws on Friday. Dan Patterson, senior writer for TechRepublic, joins CBSN to discuss the latest developments.
Facebook CEO Mark Zuckerberg was grilled by members of the European Parliament in Brussels. He was questioned about how the company will protect users' data in the wake of the Cambridge Analytica scandal, as new European privacy regulations go into effect. CNET News executive editor Ian Sherr joins CBSN to discuss Zuckerberg's testimony.
EU lawmakers question Mark Zuckerberg about Facebook's role in Cambridge Analytica scandal
European officials insisted on hearing the social-media CEO in person following the Cambridge Analytica incident
Facebook CEO Mark Zuckerberg has agreed to meet with the European Parliament about the Cambridge Analytica data privacy scandal. Meanwhile, Cambridge Analytica whistleblower Christopher Wiley answered questions on Capitol Hill today. CNET executive editor Ian Sherr joins CBSN to discuss.
The announcement was made just two days after Facebook's CEO declined to meet with the U.K.'s Parliament
The chief of the cloud computing company says there's a "crisis of trust" in the tech industry
Facebook says the company's CEO, Mark Zuckerberg, will not appear in person to respond to a list of nearly 40 questions on controversial topics that a U.K. Parliament committee says other company representatives have failed to adequately answer. BBC media editor Amol Rajan explains.
Facebook has released details on some of its efforts to remove inflammatory content from the social media platform, including hate speech, fake accounts and spam, terrorist propaganda, graphic violence, adult nudity and sexual activity. WIRED editor-in-chief Nicholas Thompson joins CBSN to discuss what the report means.
After a Parliament committee demanded the Facebook CEO answer questions, including two about a CBS News report, the company said he won't testify in-person
Facebook's disclosure comes in the face of increasing criticism about how it controls the content it shows to users
President Trump warned Iran that it would be "hit very hard," after calling for the country's "unconditional surrender."
Defense Secretary Pete Hegseth said the U.S. will confront "anything that shouldn't be happening, whether it's in public or back-channeled."
Video of last year's fatal shooting of Ruben Ray Martinez obtained by CBS News appears to contradict claims that Martinez was shot by an ICE agent because he "accelerated" and "intentionally ran over" another agent.
President Volodymyr Zelenskyy condemned the attack and called for an international response.
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
Russian athletes are back competing under their own flag in the Winter Paralympics at Milan Cortina.
Severe storms were sweeping across the central U.S., and forecasters warned tornadoes could turn dangerous across several states.
Venezuela's new administration is cutting deals, but there's a big reward available for a key figure.
Rep. Darrell Issa's abrupt reversal injects more uncertainty in the race for the newly redrawn Southern California congressional district.
Italian Archbishop Gabriele Caccia, 68, is currently the Holy See's ambassador to the United Nations in New York.
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
Rep. Darrell Issa's abrupt reversal injects more uncertainty in the race for the newly redrawn Southern California congressional district.
The Justice Department on Friday asked a federal appeals court to overturn a lower court ruling that invalidated President Trump's executive orders targeting four major law firms.
Severe storms were sweeping across the central U.S., and forecasters warned tornadoes could turn dangerous across several states.
Venezuela's new administration is cutting deals, but there's a big reward available for a key figure.
Although home prices remain elevated, conditions are shaping up to be more favorable for buyers this year, experts said.
Jet fuel costs have shot up more than 50% since the U.S.-Israel attack on Iran sparked a jump in global prices.
The maker of the Claude chatbot says its research could help identify economic disruptions by measuring how AI is currently reshaping work.
Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.
The White House called the gathering of Latin American leaders the "Shield of the Americas" summit.
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
Rep. Darrell Issa's abrupt reversal injects more uncertainty in the race for the newly redrawn Southern California congressional district.
The Justice Department on Friday asked a federal appeals court to overturn a lower court ruling that invalidated President Trump's executive orders targeting four major law firms.
A Pakistani business owner accused of trying to hire hit men to kill a U.S. politician has been convicted in a trial that showcased allegations of Iran-backed plotting on American soil.
Debi Weiss thought her fatigue and weakness was a seasonal illness, but her condition quickly worsened.
In July, Prasad was briefly forced from his job, but was reinstated less than two weeks later.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Some Republican state lawmakers and health associations are pushing back against spending plans under the Trump administration's $50 billion federal rural health fund.
"There must be no one in the military who harbors disloyalty to the (ruling Communist) Party," Xi said.
The White House called the gathering of Latin American leaders the "Shield of the Americas" summit.
Italian Archbishop Gabriele Caccia, 68, is currently the Holy See's ambassador to the United Nations in New York.
Russian athletes are back competing under their own flag in the Winter Paralympics at Milan Cortina.
President Volodymyr Zelenskyy condemned the attack and called for an international response.
The Academy Award-winning actress and the bestselling writer team up for a courtroom thriller that touches on the lightning-rod issue of abortion.
Oscar nominee Maggie Gyllenhaal speaks about reimagining "Bride of Frankenstein" to create her new gothic thriller "The Bride!" which she wrote, produced and directed. The star-studded cast includes Jessie Buckley, Christian Bale and her brother, Jake Gyllenhaal.
Maggie Gyllenhaal tells "CBS Mornings" featured host Vladimir Duthiers about the inspiration behind her new film "The Bride!," a reimagining of the 1935 classic "The Bride of Frankenstein," collaborating with its stars and more.
Britney Spears is out of police custody after she was arrested Wednesday in California on suspicion of driving while intoxicated. A representative for Spears said this "was an unfortunate incident that is completely inexcusable," adding, "Britney is going to take the right steps and comply with the law."
Savannah Guthrie thanked her colleagues for "caring about my mom as much as I do" in her visit to the studio since Nancy Guthrie's disappearance.
Artificial intelligence promised to lighten the workload while increasing productivity. But as more people are using AI for work, a new study published in Harvard Business Review finds AI overuse could cause "brain fry." CBS News correspondent Lana Zak spoke with the study's lead author to unpack the findings.
The most recent government data shows nearly 28% of Americans live alone. The number has risen for decades, especially for older generations. Ash-har Quraishi shows simple tools that can provide extra security and protection for your aging loved ones.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The CEO of Anthropic is apologizing for a leaked internal memo amid a feud with the Pentagon over its AI model. The memo criticized the Trump administration and OpenAI. It comes after the Defense Department declared Anthropic a supply chain risk or a possible security risk.
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
A manhunt for a triple murder suspect in Utah ended Thursday when Ivan Miller, 22, was arrested in Colorado. Here's what to know about the investigation.
The gunman who carried out the mass shooting last weekend in Austin, Texas, assaulted a woman three months earlier at a Tesla facility, according to a lawsuit filed Thursday in Texas.
Becky Lloyd, a neighbor and friend of Kouri Richins, who is accused of fatally poisoning her husband in 2022, testified at her trial on Thursday about conversations they had about Richins' marriage. Lloyd said Richins' told her, "In many ways it would be better if he [Richins' husband], if he were dead" in a serious tone. Richins denies killing her husband and has pleaded not guilty to charges.
Ihor Komarov, 28, was identified from DNA samples taken from the dismembered body and compared to those of his mother, police said.
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
A manhunt for a triple murder suspect in Utah ended Thursday when Ivan Miller, 22, was arrested in Colorado. Here's what to know about the investigation.
At least six people were killed in Michigan and Oklahoma on Friday after deadly tornadoes and storms ripped through the region.
President Trump threatened ongoing strikes on Iran, saying Saturday on social media the country will be "hit very hard" as the war enters its eighth day. On Friday, Mr. Trump demanded "unconditional surrender" from the country.
Jill Schlesinger joins "CBS Saturday Morning" to discuss how the war against Iran is impacting the price of oil and gas. She also breaks down the February jobs report.
President Trump ramped up pressure on Iran Friday, demanding "unconditional surrender," while the White House made it clear that Mr. Trump wants to be a part of the decision on Iran's next leader.