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 primary aim of Instagram Lite is to target users who face Internet issues as a result of low memory phones and heavy-sized apps.
The Department of Justice's lawsuit opens a new front in the administration's push against tech companies -- and in its clampdown on immigration -- as President Donald Trump enters his final weeks in office.
The New York-based start-up had raised roughly $170 million in a private funding round.
'Given this, companies like ours need to go well beyond what we've done before,' he said.
The Congressional grilling quickly shifted into the realm of political circus around the social media content moderation dumpster fire.
