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.
Snapchat saw the biggest increase as the average time spent by existing users climbed 23 percent week-over-week during the outage.
Frances Haugen's serious accusations against Facebook's "toxic" and "divisive" algorithms, alleged the social media platform did not take action on fear-mongering and hate content related to India because of "the lack of Hindi and Bengali classifiers".
The outage had an especially massive knock-on effect on individuals and businesses around the world that rely on Whatsapp to communicate with friends, family, colleagues and customers.
"The argument that we deliberately push content that makes people angry for profit is deeply illogical," Zuckerberg said in the memo, which he also posted on his public Facebook page.
"The company intentionally hides vital information from the public, from the US government, and from governments around the world," Frances Haugen said while testifying to the Senate Commerce Subcommittee
