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Despite Data Scandals And Privacy Issues Facebook Stock At All-Time High

The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia

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Facebook plans sprawling office near Microsoft headquarters. IANS

Despite the massive Cambridge Analytica data scandal and a couple of users’ privacy issues owing to internal bugs, Facebook stock closed at an all-time record high of $203.23 on Friday.

Investors are loving the social network more than ever that saw its stocks dipping earlier in 2018 when it was under an intense probe over data breach from the US and European governments, Fortune reported.

Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League, reports IANS.  The Times reported that Facebook has won exclusive rights to show all 380 live matches in parts of Asia — Thailand, Vietnam, Cambodia and Laos — from 2019 until 2022, in a deal worth about $264 million.

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Investors are also happy at the news that Facebook has grabbed its biggest sports streaming deal yet with the Premier League. Pixabay

Since going public in 2012, Facebook has seen its stock rise more than 400 per cent.  In the latest privacy goof-up, Facebook admitted that over 800,000 users were affected by a bug on its platform and Messenger that unblocked some people the users had blocked.   The bug was active between May 29 and June 5 — and while someone who was unblocked could not see content shared with friends, they could have seen things posted to a wider audience, said Facebook.

Also readFacebook Shuts Down Three of its Apps

Facebook has already been grappling with privacy issues like the Cambridge Analytica data scandal involving 87 million users and another bug that changed 14 million users’ privacy setting defaults to public. (IANS)

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Facebook to Roll Out “Public Switch Telephone Network” Feature Soon

Now go live on Facebook without phone or an account

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Facebook is allowing non-users watch live streams from mobile devices too which was until now only available on desktop. Pixabay

As demand for live video increases during COVID-19 lockdown, Facebook is allowing non-users watch live streams from mobile devices too which was until now only available on desktop. This is a technology news.

The feature is already available to Android users and will be rolling out to iOS “in the coming weeks,” reports Engadget.

Facebook Live is also working on an “audio only” mode.
The social media giant is experiencing a massive surge in usage of its apps as billions of people stay home.

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Facebook is also adding new options like ‘Public Switch Telephone Network’, that would allow people to listen in on a livestream via a toll free number. Pixabay

Seventy per cent more people are using group video calls and are spending more time than usual watching Instagram Live amid the new coronavirus pandemic.

Also Read- Current Pandemic Set to Hit Financial Performance in Q1 2020: Twitter

The social media giant is also adding new options like ‘Public Switch Telephone Network’, that would allow people to listen in on a livestream via a toll free number.

In a bid to manage unprecedented load on Internet infrastructure as more people stay home during the lockdown, FB and Instagram on Tuesday announced to lower video quality in India as well as Latin America. (IANS)