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A group of six Republican senators on Friday asked the US Treasury Secretary Janet Yellen about an ongoing Biden administration national security review of social media platform TikTok. The US government’s Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks, in 2020 ordered Chinese
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Social media personality Khaby Lame has achieved a new record of garnering 142.8 million followers on the short-form video hosting service, TikTok. Lame, has surged past popular TikTok video creator Charli D’Amelio who currently has 142.3 million followers, reported Variety. The 22-year-old’s video content includes reacting to absurd life-hack videos and recreating the video himself
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The Indian government’s proposal to set up a grievances appellate panel follows several complaints that social media platforms are not adequately redressing the issues raised by the people, Union Minister Rajeev Chandrasekhar said on Thursday. The Minister of State for Electronics and IT held an open house discussion with stakeholders on a draft notification to
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Meta CEO Mark Zuckerberg has announced that the company will “hold off on any revenue sharing on Facebook and Instagram until 2024,” a year later than originally planned. Under this move, Instagram and Facebook will take a commission from offerings like fan subscriptions, paid events, badges and the company’s newsletter platform and Substack competitor Bulletin,
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India’s market regulator on Monday fined Reliance Industries and two of its compliance officers for violating fair disclosure norms during Facebook’s $5.7 billion (nearly Rs. 44,400 crore) investment in its digital unit in 2020. In April 2020, Meta‘s Facebook invested $5.7 billion in Reliance‘s Jio, aiming to allow WhatsApp to offer payments services to millions
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