FB stock: Short-term pain for long-term gainįacebook investors, though, should note that WhatsApp is not fully monetized within the Facebook group. However, users are cautious of Facebook’s (FB) handling of data and the constant updates from WhatsApp only served to add fuel to the fire. Telegram app announced last week it had grown to 500 million users.Ī full-blown mess of its own making, WhatsApp then attempted to dampen some of the rumours circulating with a clarifying statement on January 12th. Signal Advance Inc, a totally unrelated company saw a 6000% share price jump. The Signal messenger app became one of the biggest downloads on Android and Apple stores. Users were effectively told to take it or leave it. WhatsApp announced an updated terms-of-service policy coming into effect on February 8th, which will increase some of the data shared with parent company Facebook (FB). Separately WhatsApp has informed it is delaying its new privacy policy until May 15.įacebook (FB) found itself at the centre of a self-enforced storm last week as data concerns about its WhatsApp subsidiary became one of the hottest news topics of the week. A Facebook (FB) spokesman said that “any suggestion that these types of agreements harm competition is baseless”. A spokesman for Alphabet (GOOGL) said the agreement between the companies was “well publicized”. The lawsuit is in relation to allegations of collusion between Facebook (FB) and Alphabet (GOOGL) on advertising. Update: The New York Times reported over the weekend that Facebook (FB) and Alphabet (GOOGL) are involved in an antitrust lawsuit filed by 10 state attorney generals. Elon Musk (TSLA) promotes rival Signal app and SIGL in error!.Facebook data usage under the microscope of public opinion.Users download millions of rival apps Signal and Telegram.
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