Facebook's virtual reality unit Oculus shutters film studio

LOS ANGELES (Reuters) - Facebook Inc's virtual reality content production unit, Oculus' Story Studio, is shuttering its doors to shift focus on supporting external content makers, the company said on Thursday, two years after the in-house studio launched.

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Facebook nears ad-only business model as game revenue falls

SAN FRANCISCO (Reuters) - Facebook Inc's growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software.

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Families of San Bernardino shooting sue Facebook, Google, Twitter

LOS ANGELES (Reuters) - Family members of three victims of the December 2015 shooting rampage in San Bernardino, California, have sued Facebook, Google and Twitter, claiming that the tech giants permitted Islamic State to flourish on social media.

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Alexa: where is Amazon opening a new R&D center? Cambridge, England

LONDON (Reuters) - Amazon plans to open a new center in the university city of Cambridge for scientists developing technologies including the Alexa digital assistant used in its Echo speakers.

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Imagination Tech starts dispute process with Apple

LONDON (Reuters) - Imagination Technologies said it had started a "dispute resolution procedure" with Apple, its biggest customer, after failing to resolve a standoff over licensing between the two companies.

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Facebook shares dip from high as investors fret over costs, future profit

(Reuters) - Facebook Inc reported surging quarterly profit and revenue on Wednesday, helped by its fast-growing mobile ad business, but its shares dipped from a record high in after-hours trading as investors showed some nervousness about future earnings.

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WhatsApp faces worldwide outage, says is fixing it

(Reuters) - WhatsApp suffered a widespread global outage on Wednesday and was working to fix it as soon as possible, the Facebook Inc messaging service said.

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