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Big tech has launched a media blitz aimed at derailing one of the most ground-breaking bipartisan bills in the US that would bar tech companies, like Amazon, from giving preference to their own businesses on their websites. Amazon lambasted the bill on Wednesday saying in a blog post that the bill “jeopardizes two of the things American
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Meta Platforms on Wednesday compared searches by EU antitrust regulators to a fishing super trawler as they investigate the owner of Facebook’s data and online marketplace. Meta says it has already handed over more than a million documents to the European Commission since its first request in 2019 regarding its Facebook Marketplace, social networking and
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The parent company of India’s ShareChat has raised nearly $300 million (roughly Rs. 2,325 crore) in fresh funding from Alphabet’s Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion (roughly Rs. 38,763 crore), two sources involved in the deal discussions told Reuters. A deal is set
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Meta Platforms on Thursday said it was working on restoring Instagram, after thousands of users reported issues with accessing the image-sharing platform. At its peak, more than 6,600 users reported issues with Instagram on Downdetector.com, which collates status reports on outages from sources including user-submitted errors. The outage may be affecting a larger number of
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After unprecedented revenue growth last year, digital platforms including Alphabet, Meta Platforms, Snap and Twitter now face a sobering reality as pandemic-driven advertising trends dissipate, according to an analyst report on Thursday. Research firm MoffettNathanson cut its 2025 revenue estimates for each of the four companies by double-digit percentages. US digital ad spending surged 38
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Instagram on Thursday announced ‘1 Minute Music’ tracks that bring a collection of songs and videos that can be used in making Reels and Stories on the platform. The Meta-owned app has claimed that this latest ‘1 Minute Music’ track collection comprises music from over 200 Indian musicians, including Dhvani Bhanushali, Neeti Mohan, Shaan, Himanshi Khurana, Aniruth,
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With Tesla CEO Elon Musk’s deal to buy Twitter on hold, Amazon owner Jeff Bezos wondered whether Musk’s ownership of Twitter might benefit China at democracy’s expense. China has banned Twitter since 2009. However, many Chinese citizens have been using proxy servers to escape from the autocratic regime of the Chinese government. They access news
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