Confirming last week’s predictions, the European Commission, the central antirust authority of the European Union, approved Facebook’s $19 billion acquisition of cross-platform messaging application WhatsApp, which was originally announced in February.
Federal Trade Commission
Facebook chief technology officer Mike Schroepfer issued the social network’s strongest response to date to the controversy over a 2012 study in which the News Feeds of 689,003 randomly selected Facebook users were manipulated in terms of positive or negative stories to gauge their emotional effects, promising in a Newsroom post that changes would be made to the way Facebook conducts research, including clearer guidelines, review teams, training, and a portal for all of the company’s research.
The European Union will announce its unconditional regulatory approval of Facebook’s $19 billion deal to acquire cross-platform messaging application WhatsApp, two sources familiar with the matter told Reuters Thursday.
Facebook’s announcement last month that it will include data from non-Facebook websites and applications in its ad preferences tool did not sit well with two privacy advocacy groups.
Facebook announced in its Form 10-Q filing with the Securities and Exchange Commission last week that it was extending its deadline to close its acquisition of messaging service WhatsApp by one year, to Aug. 19, 2015.
Facebook’s virtual reality transaction is now an actual reality, as the social network and immersive virtual reality technology company Oculus VR announced that the former’s roughly $2 billion deal to acquire the latter, originally announced in March, is now official.
A study Facebook conducted in 2012, along with Cornell University and the University of California-San Francisco, in which the researchers randomly selected 689,003 Facebook users and tinkered with the number of positive or negative stories that appeared in their News Feeds, has drawn quite a lot of attention over the past couple of weeks, most of it negative, and now the government is getting involved.
Facebook urged the Ninth U.S. Circuit Court of Appeals in San Francisco to uphold the $20 million settlement of a class-action lawsuit over the use of users’ images in sponsored stories, Mediapost reported, citing a filing with the court last Friday.
The Federal Trade Commission approved Facebook’s acquisition of immersive virtual reality technology company Oculus VR – maker of the Oculus Rift virtual reality headset — in a deal worth about $2 billion, which was originally announced late last month, Reuters reported.
As previously speculated, the Federal Trade Commission approved Facebook’s $19 billion acquisition of cross-platform messaging service WhatsApp, stressing that WhatsApp must honor its commitment to maintain its pre-Facebook privacy practices.