Earlier in February, 'X' owner Elon Musk had said that in the near future, he would discontinue his phone number and only use 'X' for texts and calls
The deal could be finalised 'within weeks' and involves a share-swap agreement, a report released on Wednesday suggested
The Supreme Court wrestled Monday with state laws that could affect how Facebook, TikTok, X, YouTube and other social media platforms regulate content posted by their users. The cases are among several this term in which the justices could set standards for free speech in the digital age. In nearly four hours of arguments, several justices questioned aspects of laws adopted by Republican-dominated legislatures and signed by Republican governors in Florida and Texas in 2021. But they seemed wary of a broad ruling, with Justice Amy Coney Barrett warning of land mines she and her colleagues need to avoid in resolving the two cases. While the details vary, both laws aimed to address conservative complaints that the social media companies were liberal-leaning and censored users based on their viewpoints, especially on the political right. Justices Samuel Alito and Clarence Thomas appeared most ready to embrace arguments made by lawyers for the states. Alito complained about the term ...
Plaintiffs contend that as the face of Meta, Zuckerberg has a responsibility to "speak fully and truthfully on the risks Meta's platforms pose to children's health"
X said that the accounts have been withheld but it disagrees with it and maintains that 'freedom of expression should extend to these posts'
Proposed interoperability among messaging apps like WhatsApp, Telegram, as per draft Digital Competition Bill, might enhance user convenience but raises concerns over heightened privacy breaches
Instagram users will no longer be bombarded with unwanted political content on their feed
The owner of Snapchat is cutting approximately 10 per cent of its worldwide workforce, or about 530 employees, the latest tech company to announce layoffs. Snap Inc. said in a regulatory filing that it currently estimates USD 55 million to USD 75 million in charges, mostly for severance and related costs. It expects the majority of the costs to be incurred in the first quarter. This isn't the first time Snap has eliminated jobs. The Santa Monica, California-based company announced in August 2022 that it planned to cut about 20 per cent of its global workforce. In the third quarter of 2023, it began winding down its AR Enterprise business, which included reducing its global employee headcount by approximately 3 per cent, according to a regulatory filing. There are 406 million daily average users that use Snapchat every day, on avarege, according to Snap's website. It has more than 5 million Snapchat+ subscribers. Snap is among several in the tech industry announcing layoffs. Micros
Meta Platforms Inc. tripled its profit and posted sharply higher revenue in the final quarter of 2023, boosted by a rebound in digital advertising as well cost cutting and layoffs in what CEO Mark Zuckerberg called the year of efficiency. "The company can talk all it wants to about AI and the metaverse, but it's still a social media company that gets nearly all its revenue from advertising, and advertisers still clearly love Meta, said longtime tech analyst Debra Aho Williamson. The Menlo Park, California-based parent company of Facebook and Instagram said Thursday that it earned $14 billion, or $5.33 per share, in the October-December period. That's up from $4.65 billion, or $1.76 per share, a year earlier. Revenue grew 25% to $40.11 billion from $32.17 billion. Analysts, on average, were expecting earnings of $4.82 per share on revenue $39.1 billion, according to FactSet Research. This was a pivotal year for our company. We increased our operating discipline, delivered strong ..
The grilling was held at a dramatic Senate Judiciary Committee hearing of the CEOs of major tech companies, who faced intense scrutiny over the potential harms of their platforms on teens
Flipside will let users create custom profiles with a new name, bio and profile picture to share exclusive content
Sexual predators. Addictive features. Self-harm and eating disorders. Unrealistic beauty standards. Bullying. These are just some of the issues young people are dealing with on social media - and children's advocates and lawmakers say companies are not doing enough to protect them. On Wednesday, the CEOs of Meta, TikTok, X and other social media companies are testifying before the Senate Judiciary Committee about child exploitation on their platforms, as lawmakers, families and advocates are growing increasingly concerned about the effects of social media on young people's lives. While Meta CEO Mark Zuckerberg is a veteran of congressional hearings since his first one over the Cambridge Analytica privacy debacle in 2018, it will only be the second time for TikTok CEO Shou Zi Chew and the first for Linda Yaccarino, the CEO of X. Snap CEO Evan Spiegel and Discord CEO Jason Citron are also scheduled to testify. We understand that they are companies and they have to make profit. But whe
Delays in IPO launch may be due to unstable market conditions and Reddit's goal to 'come closer to profitability'
During her time at the tech giant, which also owns Instagram and WhatsApp, Sandberg was key to turning the social network into a money-making machine
These features include voice updates, users can now listen to voice updates. WhatsApp which has a user base of over 2 billion send seven billion voice messages daily
The move will make it more difficult for teens to come across potentially sensitive content or accounts when they use features such as Search and Explore on Instagram
A trade group representing TikTok, Snapchat, Meta and other major tech companies sued Ohio on Friday over a pending law that requires children to get parental consent to use social media apps. The law was part of an USD 86.1 billion state budget bill that Republican Gov. Mike DeWine signed into law in July. It's set to take effect January 15. The administration pushed the measure as a way to protect children's mental health, with Republican Lt. Gov. Jon Husted saying at the time that social media was intentionally addictive and harmful to kids. The NetChoice trade group filed its lawsuit against GOP Attorney General Dave Yost in U.S. District Court for the Southern District of Ohio. It seeks to block the law from taking effect. The litigation argues that Ohio's law which requires social media companies to obtain a parent's permission for children under 16 to sign up for social media and gaming apps unconstitutionally impedes free speech and is overbroad and vague. The law also ..
WhatsApp in a statement said it had received eight orders from India's GAC and all orders were complied with. GAC was formed in February last year to address concerns related to social media platforms
New Digital Personal Data Protection Rules proposed by the government may require online platforms, including e-commerce, gaming, and social media, to permanently delete data of inactive users
The government has issued an advisory to all platforms to comply with IT rules amid growing concerns around deepfakes and misinformation powered by AI, according to an official release. The advisory mandates that intermediaries (digital and social media platforms) communicate prohibited content specified under IT Rules clearly and precisely to users. "The Ministry of Electronics and Information Technology (MEITY) has issued an advisory to all intermediaries, ensuring compliance with the existing IT rules," it said. The directive specifically targets growing concerns around misinformation powered by AI-Deepfakes. This advisory is the culmination of discussions held by Minister of State for IT Rajeev Chandrasekhar with intermediaries. "The content not permitted under the IT Rules, in particular those listed under Rule 3(1)(b) must be clearly communicated to the users in clear and precise language including through its terms of service and user agreements and the same must be express