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.
Counsels of Facebook had said that the matter raised before the HC was "in the realm of contract and if at all the petitioner has any grievance, the petitioner will have to seek redressal before any appropriate forum which is empowered to adjudicate the disputes between the two private parties.
"We found this activity as part of our internal investigation into suspected coordinated inauthentic behaviour in the region," the social network said in a statement.
The court's judgement came on a writ petition filed by Facebook's Vice President Ajit Mohan, challenging the validity of the summonses by the Delhi Assembly's panel in connection with the Delhi riots.
The top court upheld Delhi Assembly's powers to constitute a committee to examine the Delhi Riots of 2020 but made it clear that the social media platform can't be compelled to answer on issues relating to law and order and any other subject
Trump has filed proposed class-action lawsuits against the companies as well as Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey and Google and Alphabet CEO Sundar Pichai.
