Page 25 - Facebook

Meta rolls out verified account service in India for Rs 699 per month

Social media giant Meta, which owns Facebook, Instagram and WhatsApp, has started verified service in India at a monthly subscription price of Rs 699 for mobile apps, the company said on Wednesday. Meta is planning to roll out verified service on the web in the coming months at a subscription price of Rs 599 per month. "Meta Verified is available for direct purchase on Instagram or Facebook in India starting today. People can purchase a monthly subscription for Rs 699 on iOS and Android. In the coming months, we'll also introduce a web purchase option for Rs 599 a month," the company said in a statement. For a verified account subscription, Facebook and Instagram users will need to verify their account with a government ID. The verified account will provide impersonation protections and account support. "We're expanding our test of Meta Verified to India after seeing good results from our early testing in several countries globally. We'll also continue honouring verified badges th

Competition Commission of India lens on Big Tech as Apple probe nears end

The new Chairperson, Ravneet Kaur, along with other members, is expected to take up the matter in their meeting soon, along with several other pending cases against Big Tech companies

Facebook took action on 41% individual grievances, Instagram on 54%

Social media giant Meta's Facebook took action against 41 per cent of complaints it received from users and Instagram against over 54 per cent of grievances raised by users in April 2023, according to the company's latest India Monthly Report. As per the category-wise information disclosed by Meta, Facebook "actioned on" less than one-fourth grievances of users where they claimed that the content is showing them in partial nudity or in a sexual act. In the case of Instagram, the platform actioned on less than one-third of users' reports it received for violation of its policy on "content showing me in nudity/partial nudity or in a sexual act". Meta transparency report shows the other categories of report, on which Facebook action rate was less than a quarter of percentage, included grievances raised by users for "bullying or harassment" (over 17 per cent), "inappropriate or abusive content" (around 18 per cent) and fake profiles (over 23 per cent). Facebook received a total 8,470 .

African court blocks sacking of content moderators, holds Meta liable

The court also directed that moderators' contracts be extended and also barred Meta and Sama from sacking them

Meta-owned WhatsApp fined by Russia for not removing banned content: Report

WhatsApp's parent company Meta Inc was banned in Russia in 2022 after it was termed as an 'extremist' organisation

Meta purges over 33 mn bad pieces of content on FB, Insta in April in India

These include pre-established channels to report content for specific violations, self-remediation flows where they can download their data, avenues to address account hacked issues etc, said Meta

Meta threatens to block news on FB, Instagram if California bill passes

Meta has threatened to pull news from Facebook and Instagram if California's Journalism Preservation Act passes through

Customers in UK fall victim to FB, Insta shopping scams every 7 min: Report

According to the study, clothes, trainers, gaming consoles, and mobile phones were among the most commonly falsely advertised items

Meta offers to limit use of ad data to address UK competition concerns

The CMA said it was minded to accept the commitments, which include advertisers being able to opt out of allowing their data

TMSEp441: 9 yrs of Modi, EU's Meta fine, LIC stock, Sengol

How do nine years of Modi govt stack up? What does EU's Meta fine mean for big tech in India? Will LIC stock become a wealth creator for investors? What is Sengol? All answers here

Third round of layoffs: Meta's senior India executives get pink slips

Directors of marketing, media partnerships among impacted

Nearly 200,000 tech employees fired globally in 2023; more layoffs expected

According to recent data from layoff.fyi, a layoff tracker website, 702 companies have laid off 199,047 employees in 2023 so far worldwide

Meta begins final round of layoffs, 6,000 employees to be impacted

After a period of extensive recruitment that resulted in the doubling of its workforce since 2020, Meta's current number of employees has declined to a level, which is similar to that of mid-2021

Meta sells Giphy for $53mn to Shutterstock after UK blocked purchase

Shutterstock said Tuesday it's buying Giphy from Meta Platforms for $53 million, the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns. The stock image service said it's paying cash for Giphy, which has 1.7 billion daily users and partners including Facebook, Instagram, WhatsApp, TikTok and Twitter. Shutterstock said it signed a deal to give Meta continued access to New York-based Giphy's content across Meta's platforms. In a statement, CEO Paul Hennessy said the acquisition will help Shutterstock expand its audience reach beyond primarily professional marketing and advertising use cases and into casual conversations. The transaction, set to close in next month, could potentially leave Meta with a big loss. Meta purchased Giphy in 2020, in a deal reportedly worth $400 million. Britain's Competition and Markets Authority opened an antitrust investigation over concerns it

Meta sells Giphy to Shutterstock to comply with UK regulator order

The company said Giphy would add minimal revenue this year and it would launch efforts to increase revenue from 2024

Meta hit with record $1.3-billion fine in EU over US data transfers

Meta given six months to stop 'the unlawful processing, including storage, in the US' of transferred personal EU data

Meta fined 1.2 bn euros for breaching European Union's privacy laws

The tech giant has also been ordered to stop transferring data collected from Facebook users in Europe to the United States of America

Meta India executive Manish Chopra resigns, 4th major exit in 6 months

Meta's director and head of partnerships in India Manish Chopra has quit the company. He joined the social media giant in January 2019. Chopra took to LinkedIn to announce his departure. However, he will help in the transition over the next few weeks. "The recent months have been trying times for everyone in so many ways. I know this team has shown so much care and has helped each other selflessly...I am now looking forward to a new phase in my professional life. I will share more in due course," he wrote. Chopra's departure comes at a time when Meta is seeking significant churn in India. In November last year, Meta's India head Ajit Mohan quit the company to join rival Snap. Chopra served as the company's interim head till Sandhya Devanathan took over as Meta's India head on January 1 this year. Within days of Mohan's exit, Abhijit Bose, who was Head of India, WhatsApp, also stepped down after a stint of nearly four years. And so did Rajiv Aggarwal, who was Meta India's Director

Meta India partnership head Manish Chopra resigns; fourth exit in a year

Manish Chopra's exit from Meta comes at a time when the tech giant is seeing tremendous churn at the top in India

Meta starts 'members-only worlds' beta test in VR platform Horizon Worlds

Meta (formerly Facebook) has announced that it started an expanded beta test of 'members-only worlds' -- in its social virtual reality (VR) platform 'Horizon Worlds'