Facebook Whistleblower Testifies Before U.K. Committee

Frances Hogan testified before UK and US lawmakers, highlighting the harm caused by Facebook and its subsidiaries like Instagram and WhatsApp, particularly to children and democracy. She emphasized the need for federal regulation of digital media giants, a topic already under consideration by British lawmakers. Her testimony coincided with Facebook's expected release of its third-quarter earnings, with the company valued at over $9 billion.

What significant event was Facebook expected to announce on the same day as Hogan's testimony?

How was Facebook valued on the Friday before Hogan's testimony?