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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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Twitter’s board has recommended unanimously that shareholders approve the proposed $44 billion (roughly Rs. 3,43,500 crore) sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last week during a virtual meeting with Twitter employees, though shares of Twitter
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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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The European Union risks falling behind its Digital Decade goals by 10 years unless the governments focus on bridging the skills gap, according to a report by strategic consultancy Public First. Last year the European Commission presented a 2030 vision that aims to transform the region with 80 percent of the population acquiring basic digital skills,
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Meta, Alphabet unit Google, Twitter and Microsoft on Thursday, June 16 agreed to take a tougher line against disinformation including deep fakes and fake accounts under an updated EU code of practice or face hefty fines. More than 30 signatories including advertising bodies have signed up to the updated Code of Practice on disinformation, the
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