The mobile messaging app Snapchat is especially popular with young users. Now businesses have started using the app to introduce products to a younger target audience.
At least 25 people have been killed since May in incidents of mob violence triggered by rumors circulated on WhatsApp. The authorities do not know who is behind the hoax messages.
$125 billion has been wiped off the value of the social media giant after it reported slower revenue growth. A day earlier, China withdrew its approval for Facebook's planned "innovation hub" in Hangzhou.
The social media network says it will tighten the verification process for ad buyers after the Russia influence scandal. Moscow-sponsored groups used fake profiles to run divisive ads before the US presidential election.
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