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Social media giant Meta India’s Vice President and Managing Director Ajit Mohan at a Delhi-based think tank event on Thursday lauded the Indian government and its policy, regarding the Internet and its security. “We welcome government regulation. In India, the government has been vocal about holding companies accountable for internet safety and we are fully
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Meta’s Instagram now has 2 billion monthly active users worldwide, closing in on the 2.96 billion who use Facebook, in a sign of the social media giant’s shifting makeup. The company disclosed the number during an otherwise-gloomy earnings report Wednesday, when a shaky ad market clouded Meta’s forecast and sent its shares tumbling. It also
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Meta criticized Apple for changing its App Store terms to take a portion of social-media advertising revenue, saying the iPhone maker was “undercutting others in the digital economy.” The policy change, disclosed this week, requires users and advertisers to make an in-app purchase when they pay to “boost” posts in apps like TikTok and Meta’s
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Meta, Facebook’s parent company, has been fined TRY 346.72 million (roughly Rs. 153 crore) or the equivalent of $18.63 million, for breaking competition law, it said on Wednesday. The company held a dominant position in personal social networking services and online video advertising markets and obstructed competitors by merging data collected through the company’s core
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Facebook-parent Meta Platforms needs to streamline by cutting jobs and capital expenditure, its shareholder Altimeter Capital Management said on Monday in an open letter to Chief Executive Mark Zuckerberg. The company has lost investor confidence as it ramped up spending and pivoted to the metaverse, the technology-focused hedge fund with a 0.1 percent stake said,
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India is the most significant country for Meta in terms of all the new things that feature across its platforms — Facebook, Instagram and WhatsApp, a top company official said. Meta has also provided a great opportunity for numerous brands and millions of creators to express their creativity and build audiences in India through short-form
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Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter Inc and SpaceX’s Starlink satellite network, Bloomberg News reported on Thursday, citing people familiar with the matter. The SpaceX chief in recent times has taken to Twitter to announce proposals to
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A Facebook search for the words “election fraud” first delivers an article claiming that workers at a Pennsylvania children’s museum are brainwashing children so they’ll accept stolen elections. Facebook’s second suggestion? A link to an article from a site called MAGA Underground that says Democrats are plotting to rig next month’s midterms. “You should still
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South Korea’s parliament saw heated debate on Friday over proposed legislation to make global content providers such as Netflix and Alphabet’s Google pay South Korean network fees. The deliberations mirror attempts in Europe by some countries that want the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure,
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