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Japan’s Ministry of Finance (MOF) warned on Thursday of a fake account for its top currency diplomat Masato Kanda on social media X, formerly known as Twitter, as the market fears a currency intervention amid the yen’s drop to a one-month-low. In a rare English-language post on X, the ministry said “Please don’t follow the

Meta Platforms on Wednesday introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts. The AI tool is bundled with three models, AudioGen, EnCodec and MusicGen, and works for music, sound, compression and generation, Meta said.  MusicGen is trained using company-owned and specifically licensed music,

Meta intends to ask users in the European Union for their consent before allowing businesses to target advertising based on what they view on its services such as Facebook and Instagram, the social media giant said on Tuesday.  Meta said the change is to address a number of evolving regulatory requirements in the region and

Social media platform X has sought to quash Karnataka High Court’s decision that found it non-compliant with content removal orders, arguing the ruling could embolden the government to block more content. X, formerly known as Twitter, in July 2022 sought to overturn some government orders to remove content from its platform, without specifying which. The

Meta has announced new real-time Avatar feature for video calls on Instagram and Messenger. The company has announced the feature via its blog post, sharing that users can now use their Avatars during video calls on Instagram and Messenger. Meta Avatars on these social media apps’ video calls look somewhat similar to Apple’s Memoji avatars.

The U.S. Justice Department on Monday sought to block a judge’s order that barred some federal agencies and officials from communicating with social media firms about moderating content on their platforms in a decision stemming from a Republican-backed lawsuit against President Joe Biden’s administration. The department asked the New Orleans-based 5th U.S. Circuit Court of

Meta Platforms’s Instagram is planning to bring its branded content tools to Threads, Axios reported on Tuesday, citing a source familiar with the matter. Such tools will help marketers collaborate with influencers on paid partnerships on the social media platform while advertising is unavailable. Meta, the parent of Facebook, did not immediately respond to a

Snapchat is exploring avenues to give its users more visibility right from within its app. The photo-messaging app is now rolling out a feature that will let its users show multiple links on their Snapchat profiles. These links could be of their work or addresses to their profiles on other apps. Snapchat has partnered Linktree

U.S. lawmakers are considering changes to address concerns about a bill that would give the Biden administration new powers to ban Chinese-owned TikTok, the chair of the Senate Intelligence Committee who has cosponsored the legislation said on Monday. Democratic Senator Mark Warner told Reuters that aggressive lobbying by the ByteDance-owned short video app TikTok against

A new social media trend has recently emerged in response to the materialistic nature of influencer culture: deinfluencing. This trend involves influencers discouraging their followers from buying overpriced or ineffective products. Influencing is a highly profitable form of marketing, reaching a market value of $16.4 billion (roughly Rs. 1,35,471 crore) in 2022. But by its nature,

Meta Platforms‘ Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. Threads has been setting records for user growth since its launch on Wednesday, with celebrities, politicians and other newsmakers joining the platform seen by

WhatsApp is rolling out a feature to beta testers on Android with support for logging on to WhatsApp Web using a phone number. The platform currently requires users to scan a QR code with their smartphone in order to log on to the web version of the messaging service. After downloading the latest testing version

Meta announced the Threads app on July 6. The app is built by the team at Instagram and allows users to share text updates and join public conversations. Given its user interface and features, it is easy to deduce that the app aims to compete against Twitter — the Elon Musk-owned microblogging site which has rustled

Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million (roughly Rs. 743 crore) fee it received from Twitter for defeating his bid to walk away from his $44 billion (roughly Rs. 3,37,465 crore) buyout of the social media company. The complaint by Musk’s X Corp,

Twitter‘s claim that Meta Platforms stole trade secrets to build its new microblogging site may be the first volley in a legal battle between the social media giants, but experts say Twitter would have to clear a high hurdle if it sues.  In a letter sent on Wednesday, Twitter alleged that Meta used its trade

Meta‘s Threads racked up more than 30 million sign-ups within about 18 hours of its launch, emerging as the first real threat to Elon Musk-owned Twitter, as it took advantage of its access to billions of Instagram users and a similar look to that of its rival. Dubbed as the “Twitter-Killer”, Threads was the top

Threads, the new “Twitter Killer” app from Meta that was launched on Thursday, now has 50 million users — just over 24 hours since the app was rolled out. The text-based microblogging service is closely tied to Meta’s popular photo and video sharing service, Instagram. While the brisk rise of Threads is impressive, it is

Twitter is threatening legal action against Meta Platforms over its new Threads platform, Semafor reported on Thursday, citing a letter sent to the Facebook parent’s CEO Mark Zuckerberg by Twitter‘s lawyer Alex Spiro. “Twitter intends to strictly enforce its intellectual property rights, and demands that Meta take immediate steps to stop using any Twitter trade