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.
The hearing focused on documents suggesting that Facebook knew Instagram was "toxic" for teenage users and the platform's algorithms could lead them to content that encouraged self-harm.
Facebook is to pay the fine for discriminating in favour of foreign workers on H1-B visas and against American citizens and permanent residents.
Facebook has claimed that the prevalence of hate speech on its platform has dropped by almost 50 percent in the last three quarters.
Amazon, as per a Reuters investigation this week, is accused of using data from third-party sellers to determine products it would create.
Facebook has pulled down 1,259 accounts, Pages, and Groups from its main app as well as Instagram in September for manipulating public debate.
