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Reuters | Equities.com |

Facebook Inc will allow employees to work from home until July 2021 due to the coronavirus outbreak and will give them $1,000 for home office needs, a spokeswoman for the social media giant said on Thursday.

The company joins other big technology firms that have taken similar steps recently.

Late in July, Alphabet Inc’s Google said it would allow employees who do not need to be in the office to work from home until the end of June 2021, while Twitter Inc had proposed remote work indefinitely for some of its employees.


AP News | Equities.com |

Facebook has deleted a post by President Donald Trump for the first time, saying it violated its policy against spreading misinformation about the coronavirus.

The post in question featured a link to a Fox News video in which Trump says children are “virtually immune” to the virus.

Facebook said Wednesday that the “video includes false claims that a group of people is immune from COVID-19 which is a violation of our policies around ha...


Reuters | Equities.com |

Facebook Inc beat analysts’ estimates for quarterly revenue on Thursday, as businesses used its digital advertising tools to tap a surge in online traffic during the coronavirus pandemic even as they slashed marketing budgets elsewhere.

Shares of the world’s biggest social network jumped more than 8% in extended trading.

Revenue growth was its slowest ever as a public company, reported at 11%, although it beat analysts’ expecta...