Platform Power
When Facebook acquired WhatsApp in 2014 for $19 billion, many observers struggled to understand the logic of paying such a staggering sum for a messaging service that generated little revenue.
When Facebook acquired WhatsApp in 2014 for $19 billion, many observers struggled to understand the logic of paying such a staggering sum for a messaging service that generated little revenue.
The parent company of Facebook, Meta Platforms Inc., is set to lay off nearly 8,000 employees and has begun alerting thousands of staff members about the job cuts.
“In accordance with the joint venture agreement, Reliance Intelligence will hold 70% and Facebook will hold the balance of 30% in REIL,” according to the filing.
The temporary suspension of Samajwadi Party president Akhilesh Yadav’s official Facebook account has sparked outrage among party leaders who accused the BJP of attempting to “suppress the opposition’s voice.”
Social media giant Meta has apologised after its automatic translation tool erroneously declared Chief Minister Siddaramaiah dead while translating a condolence message posted by the Karnataka CMO in Kannada on Facebook.
Meta's cloud gaming service Facebook Gaming has announced that users can now play their favourite games during video calls on Messenger.
The first job losses are expected to be announced next week, with non-engineering roles expected to be hit hard.
Meta has reportedly fired or disciplined over two dozen employees for hijacking Facebook and Instagram accounts over the past year. According to The Wall Street Journal, some offenders used Meta's account recovery software, "Oops," and even took thousands of dollars in bribes from those seeking access.
Meta (formerly Facebook) on Thursday announced the appointment of Sandhya Devanathan as the Vice President of Meta India, as several key executives leave the company in recent days. She will start her new role on January 1, 2023, and will report to Dan Neary, Vice President, Meta APAC.
The layoffs are expected to affect many thousands of employees and an announcement is planned to come as soon as Wednesday, according to the people familiar with the matter.
