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 article quoted the current and former employees and said Facebook has a 'broader pattern of favouritism' towards the BJP.
Rahul Gandhi has alleged the BJP of spreading fake news and hatred through social networking platforms and also of using it to influence the electorate.
Researchers from the University of Texas at Austin found that although Facebook users may be too quick to believe or share misinformation, flagging fake news can also make a significant difference.
The report showed that fake accounts actioned declined from 1.7 billion accounts in March quarter, to 1.5 billion in June quarter.
Content featuring violent and graphic pieces witnessed a sharp rise from 2.8 million pieces of content in Q1 to 3.1 million in Q2.
