WhatsApp: The Best Facebook Purchase Ever?

WhatsApp: The Best Facebook Purchase Ever? With so much cash thrown around in Silicon Valley, it’s not easy for an acquisition to cause a stir.  Facebook’s acquisition of WhatsApp last year did just that – surpassing Google’s (GOOG) $3.2 billion purchase of Nest Labs and Apple’s (AAPL) $3 billion Beats Electronics procurement – to become … Read more

Facebook faces UK fine of around $660,000 after data scandal found to be illegal

Facebook will be fined £500,000 ($662,900) in the U.K. after the country’s privacy watchdog said its data sharing scandal broke the law.  The Information Commissioner’s Office (ICO) is hitting the social network with the maximum possible fine it can impose, for two breaches of the U.K.’s Data Protection Act.  Facebook failed to safeguard people’s information, … Read more