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Facebook warned on Friday that it may block sharing of news content on its platform in Canada over concerns about legislation that would compel digital platforms to pay news publishers. The Online News Act, introduced in April, laid out rules to force platforms like Meta’s Facebook and Alphabet’s Google to negotiate commercial deals and pay

The banks providing $13 billion (roughly Rs. 1,07,300 crore) in financing for Tesla CEO Elon Musk’s acquisition of Twitter have abandoned plans to sell the debt to investors because of uncertainty around the social media company’s fortunes and losses, people familiar with the matter said. The banks are not planning to syndicate the debt as

Shares of Snap sank about 25 percent before the bell on Friday, after the owner of photo messaging app Snapchat forecast zero revenue growth for the current quarter, triggering a slide in other social media stocks dependent on advertising revenue. YouTube-parent Alphabet, Facebook-parent Meta Platform, Pinterest and Twitter all slid between 1.7 percent and 9.2

Snap rolled out several new features for the members of its Snapchat+ premium subscription service on Thursday. These features include Custom Story Expiration, which enables users to manually select the time limit for the duration a story stays publicly visible. There are also new custom notifications, story borders, and more now available to Snapchat+ members.

E-commerce giant Flipkart announced the launch of Flipverse, a metaverse shopping platform for its consumers, on October 17. Flipkart has collaborated with Web3 companies such as eDAO and Polygon for the launch. The first phase of Flipverse is available only for Android users, and will be live till October 23. Flipverse can be accessed through the

Twitter on Thursday clarified to staff that there are no plans for company-wide layoffs since it signed a deal to be acquired by billionaire Elon Musk, after a media outlet reported that Musk is considering layoffs at the company. Twitter General Counsel Sean Edgett emailed employees on Thursday saying the company does not plan layoffs,

Instagram will enhance features that help users block the accounts of abusers and trolls on the social media platform, the Meta Platforms-owned company said on Thursday. All the Instagram users will now be able to block all existing accounts of a person, expanding a feature launched last year that only allowed the blocking of any

Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter, although he and other investors were overpaying for the social media company. Musk, the chief executive of Tesla, was answering a question during a call after the electric vehicle maker’s quarterly report. The world’s richest person is pursuing the Twitter purchase

A Russian lawmaker on Wednesday urged state institutions to stop using WhatsApp messenger and the industry ministry sought to promote domestically produced software as Russia tries to wean itself off Western technology. WhatsApp owner Meta Platforms was found guilty of “extremist activity” in Russia in March and later added to financial monitoring agency Rosfinmonitoring’s list

Meta on Wednesday said that it built an artificial intelligence system that translates Hokkien into English even though the Taiwanese language lacks a standard written form. The Silicon Valley tech titan that owns Facebook and Instagram billed the work at its Universal Speech Translator project as an effort to enable users from around the world

Twitter has frozen equity award accounts for employees days ahead of the deadline to close its deal with Elon Musk, Bloomberg News reported on Tuesday, a sign that the social media firm hopes the deal will consummate. The report sent Twitter shares up 1.8 percent at $51.6 (roughly Rs.4,300), still lower than Musk’s offer price

Germany announced Monday that it is issuing fines of EUR 5.125 million (roughly Rs. 41 crore) against the operators of the messaging app Telegram for failing to comply with German law. The Federal Office of Justice said Telegram FZ-LLC hasn’t established a lawful way for reporting illegal content or named an entity in Germany to

Parler parent Parlement Technologies said on Monday that it will be acquired by rapper Kanye West, who legally changed his name to simply Ye last year. A popular app among conservatives, Parler said it expects the deal to close during the fourth quarter of 2022. It did not give a deal value. “In a world where

Elon Musk is being investigated by federal authorities over his conduct in his $44 billion (roughly Rs. 3.6 lakh crore) takeover deal for Twitter, the social media company said in a court filing released on Thursday. While the filing said he was under investigations, it did not say what the exact focus of the probes was

Ephemeral messaging app Snap had employee data exposed by a breach at a third-party document analysis firm, according to a document reviewed by Reuters on Thursday. Snap said it had been told by document analysis company Elevate that an unauthorized party had accessed some of Elevate’s computer systems in March 2022, according to a September 13

We often hear about the negative impacts of social media on our wellbeing, but we don’t usually think of it the other way round – whereby how we feel may impact how we use social media. In a recent study, my colleagues and I investigated the relationship between social media use and wellbeing in more

The Supreme Court on Friday dismissed the pleas by Meta Platforms, the parent company of social media platforms Facebook and WhatsApp, challenging the probe ordered by the Competition Commission of India (CCI) into WhatsApp’s updated privacy policy of 2021. A bench of Justices M R Shah and Sudhanshu Dhulia said CCI is an independent authority

Twitter is reportedly developing a feature that would allow users to control public mentions of their accounts on the platform. The social media platform allows users to tag and address public accounts by typing “@” followed by the unique username the user wishes to mention in their tweets, replies, or quote tweets on the platform.