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Facebook parent company Meta has been ordered to pay $10.5 million (nearly Rs. 86 crore) in legal fees to Washington state atop a nearly $25 million (nearly Rs. 200 crore) fine for repeated and intentional violations of campaign finance disclosure laws. King County Superior Court Judge Douglass North issued the legal-fee order Friday, two days

Meta Platforms said on Friday it has fixed the issue that was preventing users from accessing its social media platforms. “Earlier today, a configuration change caused some people to have trouble accessing our products,” a Meta spokesperson said. More than 11,000 users across Instagram, Facebook and Messenger had reported issues with accessing the apps, sending

Former US President Donald Trump on Friday said he was happy Twitter was in “sane hands” after Elon Musk formally took over, but did not say whether he would return to his account on the platform that banned him. Trump said he thought his own Truth Social media platform “looks and works better.” “I LOVE TRUTH,” Trump

Former Congress president Rahul Gandhi hoped on Friday that Twitter would now act against hate speech, check facts more robustly and not stifle the voice of the opposition in India, soon after billionaire Elon Musk took over the social media giant and fired four of its top executives. Gandhi’s Twitter handle was temporarily locked after

Elon Musk’s takeover of Twitter will not change India’s expectation that it will comply with the country’s rules for such companies, a government minister told Reuters on Friday, adding that India’s new IT rules would be out in days. Musk became Twitter’s owner on Thursday, firing top executives and providing little clarity over how he

Social media giant Meta India’s Vice President and Managing Director Ajit Mohan at a Delhi-based think tank event on Thursday lauded the Indian government and its policy, regarding the Internet and its security. “We welcome government regulation. In India, the government has been vocal about holding companies accountable for internet safety and we are fully

Do you check your social media handles first thing in the morning? Is scrolling through reels the last thing you do before you sleep? Do you experience FOMO seeing other people’s posts? In case the answer to any of these is yes, you are not the only one. Social media platforms such as Twitter, Facebook, and Instagram

Facebook-parent Meta reported Wednesday that its profit more than halved to $4.4 billion (roughly Rs. 36,210 crore) in the third quarter from $9.2 billion (roughly Rs. 75,700 crore) a year earlier, and said it plans “significant changes” to bolster efficiency in a tough economic environment. The social networking giant, which faces stagnating user numbers and cuts in advertising

Meta criticized Apple for changing its App Store terms to take a portion of social-media advertising revenue, saying the iPhone maker was “undercutting others in the digital economy.” The policy change, disclosed this week, requires users and advertisers to make an in-app purchase when they pay to “boost” posts in apps like TikTok and Meta’s

Meta, Facebook’s parent company, has been fined TRY 346.72 million (roughly Rs. 153 crore) or the equivalent of $18.63 million, for breaking competition law, it said on Wednesday. The company held a dominant position in personal social networking services and online video advertising markets and obstructed competitors by merging data collected through the company’s core

Elon Musk has notified co-investors who committed to help fund his $44 billion (roughly Rs. 3.6 lakh crore) acquisition of Twitter that he plans to close his buyout of the social media firm by Friday, according to a person familiar with the matter. Equity investors, including Sequoia Capital, Binance, Qatar Investment Authority, and others have

Facebook-parent Meta Platforms needs to streamline by cutting jobs and capital expenditure, its shareholder Altimeter Capital Management said on Monday in an open letter to Chief Executive Mark Zuckerberg. The company has lost investor confidence as it ramped up spending and pivoted to the metaverse, the technology-focused hedge fund with a 0.1 percent stake said,

India is the most significant country for Meta in terms of all the new things that feature across its platforms — Facebook, Instagram and WhatsApp, a top company official said. Meta has also provided a great opportunity for numerous brands and millions of creators to express their creativity and build audiences in India through short-form

South Korea’s Mirae Asset Financial Group is planning to commit about $208 million (roughly Rs. 1,721 crore) to help finance Elon Musk’s $44 billion (roughly Rs. 3,37,465 crore) buyout of Twitter, a person familiar with the matter told Reuters on Monday. The deal with Mirae is expected to be finalised in the coming days before

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,

Biden Administration officials are discussing whether the United States should subject some of Elon Musk’s ventures to national review including the deal for Twitter Inc and SpaceX’s Starlink satellite network, Bloomberg News reported on Thursday, citing people familiar with the matter. The SpaceX chief in recent times has taken to Twitter to announce proposals to

A Facebook search for the words “election fraud” first delivers an article claiming that workers at a Pennsylvania children’s museum are brainwashing children so they’ll accept stolen elections. Facebook’s second suggestion? A link to an article from a site called MAGA Underground that says Democrats are plotting to rig next month’s midterms. “You should still

South Korea’s parliament saw heated debate on Friday over proposed legislation to make global content providers such as Netflix and Alphabet’s Google pay South Korean network fees. The deliberations mirror attempts in Europe by some countries that want the European Commission to come up with legislation that ensures Big Tech firms partly finance telecoms infrastructure,

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