Facebook growth slows as Zuckerberg says developed countries are saturated

according to Mark Zuckerberg admitted that Facebook "may be close to saturated in developed countries" as the social media giant posted a 33% increase in revenue. Despite controversies including the Cambridge Analytica data privacy scandal, the quarterly results showed Facebook continuing to grow, although Zuckerberg cautioned that revenue could slow in the future. User rates in the US and Europe remained mostly static, and the small growth came in other areas of the world. On the call, Zuckerberg framed the numbers as a sign that Facebook had remained stable and was saturated in "developed countries". In response to concerns about data privacy, the EU enacted regulations in May requiring tech companies like Facebook to better-protect user data.

Mark Zuckerberg is essentially untouchable at Facebook

Mark Zuckerberg isn't going anywhere at Facebook — at least not if he doesn't want to. But because of the way Facebook's shareholder structure is set up — and the number of shares Zuckerberg holds — there's no way for anyone to force him out. The risk oversight committee idea, while it didn't make it through the shareholder vote, did eventually wind up actually happening at Facebook. Combined, they hold about $700 million worth of Facebook shares, Kron told me. Ultimately, it seems as though some sort of a management change at Facebook will have to come from Zuckerberg himself.

Mark Zuckerberg reportedly ordered all Facebook executives to use Android phones

as mentioned in Facebook CEO Mark Zuckerberg ordered his management team to only use Android phones, according to The New York Times. While it's not clear from the NYT's reporting that Cook's aggressive comments directly provoked Zuckerberg into issuing his Android-only order, it's still a rational decision to make American executives use Android. Other tech companies like Snap have strongly encouraged workers to use Android phones. US tech workers tend to use these phones less, which creates a blind spot when working on the apps. Update November 15th, 4:42AM ET: Article updated with a response from Facebook.

collected by :Roy Mark