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Inside Facebook

Inside Facebook (Jun 27th, 2017)

$FB (4 p.m. EST): $150.58 (↓ 1.96%) // 90-day high: $155.07 // 90-day low: $139.39 // More info

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WhatsApp is rolling out a feature that enables sharing of all file types. WhatsApp currently supports file sharing for just PDFs and basic text files, but the new feature will allow sharing of all types of media files. The feature is currently being beta tested, and the maximum file size will still be 128MB for iOS, 100MB for Android, and 64MB for WhatsApp Web. — TECHRADAR

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Mark Zuckerberg sold Facebook stock worth $42.5 million this week. The June 21 and June 22 transactions were related to the charitable work of the CEO and his wife, Priscilla Chan. Zuckerberg's shares are a special class of stock that wields 10x the voting power, but the stocks were converted to normal shares before the sale. Facebook's Chief Product Officer Christopher Cox also sold 16,000 shares on June 21; the company's COO Sheryl Sandberg sold 131,500 shares on June 19; and Facebook VP and General Counsel Colin Stretch sold 750 shares on June 20. Facebook Inc. has a market cap of $449.42 billion.  — QUARTZ MEDIA

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Facebook is adding a feature to sell news subscriptions on its mobile app. The feature was requested by publishers and is due out by the end of the year. The move is meant to "mollify" large media organizations including the New York Times, which publish stories on Facebook's Instant Articles platform that are largely read on the site rather than on the sites for which they were produced. — POYNTER

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Facebook will reportedly launch its original, scripted TV shows late this summer. The social media site had production budgets of up to $3 million per episode, and will release the shows one at a time, rather than dropping a whole season at once the way its competitors Amazon and Netflix do. Facebook has already lined up a relationship drama "Strangers" and a game show "Last Late Standing." After multiple delays, the company is aiming for a July announcement and a possible August release. — CNBC

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Facebook added a feature to celebrate the 20th anniversary of the fictional Harry Potter character. The feature allows users to cast "interactive spells" using their status updates. When users type in any of the books' four houses (Gryffindor, Slytherin, Ravenclaw, and Hufflepuff) the words change color and become animated. Clicking on any of the houses' names or the words "Harry Potter" causes an animated magic wand to appear. The feature is not universal, and may be subject to the user's browser or the country in which they're located. The feature will be available through July 3. — DAILY MAIL

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