Home » Facebook slows new product launches – WSJ

Facebook slows new product launches – WSJ

Facebook Inc has slowed the rollout of new products in recent days, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.

Executives at the social media company have also suspended some work on existing products, according to the report.

Facebook did not immediately respond to a request for comment from Reuters.

Last week, Facebook announced that it was suspending the children’s version of its Instagram photo-sharing app, amid growing opposition from lawmakers and advocacy groups in the United States citing security concerns.

Facebook has come under fire in recent weeks after Frances Haugen, who worked as a product manager on Facebook’s civic disinformation team, revealed she was the whistleblower who provided documents supporting a recent Wall Street investigation Newspaper.

Adding to the problems, it also experienced a six-hour outage on Monday due to a “faulty configuration change”, preventing its 3.5 billion users from accessing its social media and messaging services such as WhatsApp , Instagram and Messenger.

Facebook shares, which are down slightly in afternoon trading, are down around 3% this week.

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on Top - Get the daily news in your inbox

Trending this Week