Facebook election ad rules, which ban cross-border campaigns by pan-EU parties as if they were equivalences to foreign meddling, "runs counter to the nature" of the EU project, the top civil servants of the EU's main three institutions, Martin Selmayr of the European Commission, Jeppe Tranholm-Mikkelsen from the EU Council, and the European Parliament's Klaus Welle have said in a 16 April letter to the US tech giant.

The inquiry into Facebook's data collection could cost as much as $5 billion, the company said in latest earnings release

The S&P 500 was flat on Thursday as gains in Facebook and Microsoft were overshadowed by 3M's bleak quarterly report, which sparked concerns about slowing global growth.

Canadian regulators announced on Thursday their recent report found Facebook committed "serious" breaches of local laws by mishandling users' personal information, according to The Washington Post. Federal Privacy Commissioner Daniel Therrien and his B.C. counterpart, Michael McEvoy also said they would take Facebook to court to change its privacy practices. Therrien and McEvoy said the social media giant broke a number of privacy laws and did not take responsibility for protecting the private information of Canadians after they investigated the Cambridge Analytica data breach. The two watchdogs joined forces last spring to investigate Facebook and the Canadian company AggregateIQ for their...

The privacy watchdog launched an investigation into the firm after the Cambridge Analytica scandal.

U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.

Here's what investors liked about the social network's first-quarter earnings release.

Facebook Inc broke Canadian privacy laws when it collected the information of some 600,000 citizens, a top watchdog said on Thursday, pledging to seek a court order to force the social media giant to change its practices.

U.S. stocks were pulled lower on Thursday by downbeat earnings from industrial companies, including 3M, although strong results from marquee names Facebook and Microsoft kept the tech-heavy Nasdaq afloat.