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In Case You Missed It: What You Need to Know About Facebook

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The social networking giant Facebook  (FB) - Get Free Report has been dominating headlines for the last couple of weeks. 

On Wednesday, the company grabbed headlines when its Chief Technology Officer Mike Schroepfer announced his decision to step down from his role next year.

Facebook CEO Mark Zuckerberg thanked him for his time as he is transitioning to become the company’s first Senior Fellow.

"My new role as Senior Fellow will enable me to stay deeply connected to the company, working on key initiatives including recruiting and developing technical talent and fostering our AI investments in critical technologies like PyToch, "said Schroepfer.

High-profile names in Facebook have been leaving the company for a while. Earlier in July, Fidji Simo left her role as the head of the Facebook app to become Instacart’s CEO.

Related: Fidji Simo: From Humble Roots to Instacart's CEO

On September 22, Facebook said that it has been underreporting ad performance on iPhones citing Apple’s  (AAPL) - Get Free Report recent change in the iOS operation system. 

"Our estimate is that in aggregate we are underreporting iOS web conversions by approximately 15%; however there is a broad range for individual advertisers. We believe that real-world conversions, like sales and app installs, are higher than what is being reported for many advertisers," said the company's VP of Product Marketing, Graham Mudd. 

Earlier in May, Apple updated its iOS which lets users have their say on whether they want the app to track their activities.

Last week, Facebook grabbed headlines when Wall Street Journal reported that Facebook ignored its own findings of how toxic Instagram is for teen girls.

However, Facebook denied the reports in a blog titled ‘What the Wall Street Journal Got Wrong.’

"Facebook understands the significant responsibility that comes with operating a global platform. We take it seriously, and we don’t shy away from scrutiny and criticism," said Nick Clegg, the company's VP of Global Affairs. "But we fundamentally reject this mischaracterization of our work and impugning of the company’s motives."

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