Meta Platforms‘ Instagram is planning to release a text-based app that will compete with Twitter and may debut as soon as June, Bloomberg News reported on Friday, citing people familiar with the matter. The Facebook parent is testing the product with influencers and some creators, according to the report. The…
Messenger service WhatsApp faces a maximum fine of RUB 4 million (nearly Rs. 41 lakh) after Russia accused it of failing to delete banned content, state-owned news agency RIA reported on Friday, citing a Moscow court. Although WhatsApp’s parent company Meta Platforms was last year banned in Russia as an “extremist”…
Meta‘s Director and Head of Partnerships in India Manish Chopra has announced his resignation from the company in a LinkedIn post. Chopra joined Meta in 2019 and has been serving as its director and head of partnerships in India. The Director and Head of Partnerships posted a message of his…
Meta Platforms is set to face a record European Union privacy fine related to data transfer of Facebook‘s EU users to US servers for failing to comply with a warning by a top EU court, two sources familiar with the matter said. The penalty will be higher than the previous…
Meta Platforms has hired an Oslo-based team that until late last year was building artificial-intelligence networking technology at British chip unicorn Graphcore. A Meta spokesperson confirmed the hirings in response to a request for comment, after Reuters identified 10 people whose LinkedIn profiles said they worked at Graphcore until December 2022…
The US Federal Trade Commission on Wednesday accused Meta’s Facebook of misleading parents about protections for children and proposed tightening an existing agreement on privacy to include a ban on making money from minors’ data. Specifically, the FTC said Facebook misled parents about how much control they had over who their…
Meta Platforms emerged as the first mega-cap technology company to tap the US investment-grade bond market as turmoil in the financial sector has toppled five banks since March. The social-media behemoth, which reported earnings last week, is looking to raise $7 billion (nearly Rs. 57,250 crore) in a five-part deal, according…
A US appeals court on Thursday refused to revive a lawsuit filed by states against Meta’s Facebook that alleged the company had broken antitrust law. Dozens of states led by New York asked the US Court of Appeals for the District of Columbia last year to reinstate the lawsuit, which US District…
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. San Francisco, California-based Dropbox is the latest tech company to tap AI as Big Tech players from Microsoft to Facebook-parent…
Zee Music Company, a division of media firm Zee Entertainment Enterprises Ltd (ZEEL), on Friday announced the renewal of its licensing agreement with YouTube and Meta, Facebook’s parent company. The deal with two of the world’s largest digital content-streaming companies will allow them to access music content from Zee Music’s…
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