Facebook taps banks, but for chatbots not purchase data like Google – TechCrunch

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Backlash swelled this morning after Facebook’s aspirations in financial services were blown out of proportion by a Wall Street Journal report that neglected how the social network already works with banks. Facebook spokesperson Elisabeth Diana tells TechCrunch it’s not asking for credit card transaction data from banks and it’s not interested in building a dedicated
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Facebook redesigns biz Pages for utility as feed reach declines – TechCrunch

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An unescapable fact of Facebook’s ubiquity is that as more Pages and people compete for limited News Feed attention, the percentage of a business’ followers who see their posts declines. Reach dropped 52 percent in just the first half of 2016, for example. Some admins consider it a conspiracy to get Pages to pay for
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Why unskippable Stories ads could revive Facebook – TechCrunch

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Prepare for the invasion of the unskippables. If the Stories social media slideshow format is the future of mobile TV, it’s going to end up with commercials. Users won’t love them. And done wrong they could pester people away from spending so much time watching what friends do day-to-day. But there’s no way Facebook and
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Facebook loses $120 billion in market cap after awful Q2 earnings – TechCrunch

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Facebook’s share price fell more than 20 percent in after-hours trading today after the company announced its slowest-ever user growth rate and a scary warning that its revenue growth would rapidly decelerate. Before today’s brutal Q2 earnings, Facebook’s share price closed today at $217.50 — a record high — but fell to around $172 after
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Facebook stock tanks from mixed Q2 with slowest-ever growth – TechCrunch

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Facebook has hit a wall. The social network succumbed to its uncoolnees and public backlash over its handling of fake news, privacy, and digital wellbeing to miss some of Wall Street’s estimates, showing mixed results in its Q2 2018 earnings. GDPR, Mark Zuckerberg’s testimony before congress, and more scandals appear to have contributed to Facebook’s
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Dodged questions from Facebook’s press call on misinformation – TechCrunch

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Facebook avoided some of the toughest inquiries from reporters yesterday during a conference call about its efforts to fight election interference and fake news. The company did provide additional transparency on important topics by subjecting itself to intense questioning from a gaggle of its most vocal critics, and a few bits of interesting news did
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Facebook launches Brand Collabs search engine for sponsoring creators – TechCrunch

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Facebook wants to help connect brands to creators so they can work out sponsored content and product placement deals, even if it won’t be taking a cut. Confirming our scoop from May, Facebook today launched its Brand Collabs Manager. It’s a search engine that brands can use to browse different web celebrities based on the
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