Facebook removes over 3B fake accounts in past 6 months

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Here are the latest business headlines from Cheddar.

Facebook removed over 3 billion fake accounts from its service in the past six months. Most of the fake accounts were caught before they had the chance to reach a wider audience, including instances of sexual exploitation.

Disney's new streaming service, Disney+, has seen 10 million signups since launching this week, sending Disney stock soaring to an all-time high and adding more than $13 billion to its market cap. It remains unclear how many of those signups are here to stay, as the service did offer a seven-day free trial.

WeWork has reported an over $1 billion loss for its third quarter, rising to $1.25 billion in the third quarter. The co-working company is struggling with overspending and a failed IPO. The failure resulted in the ousting of its CEO.

 

 

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