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.
Due to the price war and coronavirus pandemic, Ambani's fortune fell by $14 billion on the index in 2020.
It was the top gainer on both the 30-share BSE Sensex and NSE Nifty-50 in morning trade.
This is largest Foreign Direct Investment (FDI) in the Indian technology sector and also the largest investment by a tech company to buy minority stake globally. Today's early trading showed a surge in the price of shares of RIL by 8 per cent after Facebook announced its investment plans.
The country's competition watchdog ACCC was tasked to come up with a mandatory code of conduct for tech platforms,
He was booked earlier in July last year also for posting objectionable videos that could allegedly have caused religious enmity.
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