Facebook cuts new product releases – WSJ

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The Wall Street Journal reported on Wednesday that Facebook Inc. has cut back on releasing new products in recent days.

The report says that the executives of the social media company have suspended some work on the existing products.

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

Last week, Facebook said it was protecting the children’s version of its photo-sharing processor Instagram, prompting growing opposition from U.S. lawmakers and advocacy groups for security reasons.

Facebook has come under heavy criticism in recent weeks after Frances Hogan, who served as product manager at the Civic Information Group on Facebook, revealed that it was Whistleblower who provided the supporting documents for the recent Wall Street Journal investigation.

Adding to the problems, it suffered a six-hour crash on Monday due to a “false configuration change” that prevented its 3.5 billion users from accessing its social media and news services such as WhatsApp, Instagram and Messenger.

Shares of Facebook, which fell slightly in afternoon trade, have lost about 3% this week.



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