Media

The EU has launched a “war against disinformation” spread by the Kremlin in an attempt to protect next year’s European parliament elections. The bloc also urged Facebook and other social […]

As important as the revelations in last week’s New York Times‘s Facebook bombshell are, they’re more meaningful–and less surprising–when taken in context. Facebook’s move-fast-and-break-things management style, and its comfort level […]

Europe’s biggest news agencies accused Google and Facebook of “plundering” news for free on Tuesday in a joint statement that called on the internet giants to share more of their […]

Netflix added more subscribers than expected around the world in the third quarter and projected growth in line with Wall Street forecasts, saying it had a head start on rivals as internet television explodes globally.

Netflix’s 5.3 million additional subscribers in the third quarter included 4.45 million in international markets and 850,000 in the United States. Wall Street had expected 4.5 million overall, with 3.69 million overseas and 810,000 in the United States, according to FactSet.

KLM has launched a Whatsapp service for businesses, allowing passengers to receive flight information through the messaging app.

The Dutch company has become the first airline out the gates with a presence on Whatsapp Business, a dedicated channel in which companies can reach out to their customers.

Facebook announced “Watch,” the long-awaited update to its video section where people can go watch short, episodic video shows. You’ll also be able to watch some live video here, including live sports that the social network has the rights to stream, like Major League Baseball games.

Facebook already had a video tab. But now that tab has been redesigned, and will include short episodic “shows” that Facebook didn’t have before. Facebook is paying publishers like BuzzFeed, ATTN and Group Nine Media to make these shows, and will retain the rights to some of them. The majority of the shows, though, will be posted on Facebook free of charge. Some publishers plan to run mid-roll video ads, à la commercials, during the shows to make money.

Facebook reported its second quarter earnings on Wednesday, and the results were predictably positive. The social network passed 2 billion monthly users earlier this summer, with over 1.3 billion using its software every day. The company parlayed that audience into $9.3 billion in revenue and $3.89 billion in net income. That’s a 71 percent higher profit than it reported for this same period last year.

"I want to see us move a little faster here but I’m confident that we’re going to get this right over the long term," Zuckerberg said in a conference call with analysts.

Facebook is in talks with Hollywood studios about producing scripted, TV-quality shows, with the aim of launching original programming by late summer, according to Wall Street Journal report.
Facebook has indicated that it was willing to commit to production budgets of as much as, even $3 million for each episode, in meetings with Hollywood talent agencies, the Journal reported, citing sources familiar with the matter.