facebook files

The head of Instagram is scheduled to testify before Congress next month to respond to mounting questions about the app’s effects on younger users sparked by a Wall Street Journal investigation, an aide to Sen. Richard…

Facebook on Monday said its spending on Facebook Reality Labs, where the company works on augmented and virtual reality, would dent total operating profit by around $10 billion this year. “I expect this investment to grow even…

Facebook has been struggling to attract younger users for more than a decade, and some senior employees are alarmed over the company’s inability to keep teens engaged. When asked by analysts about growth prospects, Facebook executives…