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Threads App Sees Over 50 Million Users Sign Up Within a Day as Instagram's Competition With Twitter Heats Up
Threads now has 50 million users just over 24 hours since the app was rolled out on Thursday. Meta's "Twitter Killer" competitor works closely with its Instagram service, and its meteoric rise has caused rival Twitter to feel the heat and threaten to sue the Facebook parent firm a day after it was launched.
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Meta Offers to Limit Use of Ad Data for Facebook Marketplace to Address Competition Concerns: UK Regulator
Britain's competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses' advertising data for its Facebook Marketplace service to address the regulator's competition concerns.
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Meta Sells Giphy to Shutterstock for $53 Million to Comply With UK Regulator Order
Shutterstock said on Tuesday it would buy animated-images platform Giphy from Meta Platforms for $53 million (roughly Rs. 438 crore) in cash, months after the Facebook owner had agreed to divest the company on competition concerns.
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Big Tech Firms Grilled by Parliamentary Panel Ahead of Upcoming Fair Competition Framework for Digital Markets
Big Tech firms were grilled by a parliamentary panel on Tuesday, where representatives of firms including Apple, Google, Amazon, Facebook, Twitter, Netflix, and Uber were questioned on alleged anti-competitive practices. The panel, working under Union Minister Jayant Sinha is working on a report on developing a legal framework to ensure fair compet...
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Snap Q2 Report Sparks $80 Billion Loss in Ad Industry Market Cap Amid Tiktok Competition, Inflation Concerns
Snap announced poor second quarter earnings on Thursday, missing Q2 revenue targets and bringing the company’s shares down by 26 percent. The camera-based chat service has lost over 70 percent in 2022. The report also sparked a selloff in rival internet ad sellers, as Facebook owner Meta dropped 5 percent in extended trade, while Alphabet and Pin...
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Parliamentary Panel Said to Summon Google, Amazon, Facebook, Others to Examine Competitive Behaviour
With a number of global tech giants facing Competition Commission of India (CCI) probe for alleged anti-competitive practices, a key Parliamentary panel will reportedly summon representatives of Google, Amazon, Facebook, Twitter and others to examine their competitive behaviour.
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Google, Amazon, Facebook Face Parliament Summons Over Anti-Competitive Conduct
With a number of global tech giants facing CCI probe for alleged anti-competitive practices, a key Parliamentary panel on Thursday decided to summon representatives of Google, Amazon, Facebook, Twitter to examine their competitive behaviour.
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Facebook Parent Meta Appeals UK Ruling That It Must Sell Giphy
Facebook-owner Meta is appealing Britain's ruling that it must sell animated images platform Giphy, saying the evidence does not support the finding that the deal is a threat to its rivals or could impact competition in display advertising.
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Europe vs GAFAM: How the Battle Against Big Tech Unfolded So Far
US tech giants Google, Apple, Facebook, Amazon, and Microsoft — collectively dubbed GAFAM — have been accused of not paying enough taxes, stifling competition, stealing media content and threatening democracy by spreading fake news.
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Facebook Outage Shows Need for More Players: EU Antitrust Chief Margrethe Vestager
Facebook's six-hour outage shows the repercussions of relying on just a few big players and underscores the need for more rivals, EU antitrust chief Margrethe Vestager said.
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Facebook Set to Launch Newsletter Product for Independent Writers and Journalists
Facebook is rolling out a new publishing platform in the coming months in the US that lets independent writers and journalists reach new audiences and monetise their work through email newsletters and individual websites.
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Microsoft CEO Satya Nadella Says Social Media Services Like Facebook, Twitter Need Clear Laws on Free Speech
Microsoft CEO Satya Nadella said social media services like Facebook, Twitter, and YouTube need clearer laws and rules to govern whether controversial accounts have a place on their services, rather than being asked to make free-speech decisions themselves.
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Microsoft CEO Satya Nadella Says Welcomes Scrutiny of Tech Industry That Has Roiled Competition
Software companies should welcome the harsh spotlight that's been put on the technology industry this year, Microsoft’s Nadella said in an interview.
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Twitter Ropes in Facebook Veteran to Revive Fortune
Twitter is facing stalled user growth and growing competition for quite some time.
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Facebook, Google Scrutinised Amid French Online Ad Sector Probe
French Competition Authority will examine the importance of collecting and exploiting data to compete in the online display advertising sector.
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Threads App Sees Over 50 Million Users Sign Up Within a Day as Instagram's Competition With Twitter Heats Up
Threads now has 50 million users just over 24 hours since the app was rolled out on Thursday. Meta's "Twitter Killer" competitor works closely with its Instagram service, and its meteoric rise has caused rival Twitter to feel the heat and threaten to sue the Facebook parent firm a day after it was launched.
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Meta Offers to Limit Use of Ad Data for Facebook Marketplace to Address Competition Concerns: UK Regulator
Britain's competition watchdog on Friday said social media giant Meta had offered to limit its use of other businesses' advertising data for its Facebook Marketplace service to address the regulator's competition concerns.
-
Meta Sells Giphy to Shutterstock for $53 Million to Comply With UK Regulator Order
Shutterstock said on Tuesday it would buy animated-images platform Giphy from Meta Platforms for $53 million (roughly Rs. 438 crore) in cash, months after the Facebook owner had agreed to divest the company on competition concerns.
-
Big Tech Firms Grilled by Parliamentary Panel Ahead of Upcoming Fair Competition Framework for Digital Markets
Big Tech firms were grilled by a parliamentary panel on Tuesday, where representatives of firms including Apple, Google, Amazon, Facebook, Twitter, Netflix, and Uber were questioned on alleged anti-competitive practices. The panel, working under Union Minister Jayant Sinha is working on a report on developing a legal framework to ensure fair compet...
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Snap Q2 Report Sparks $80 Billion Loss in Ad Industry Market Cap Amid Tiktok Competition, Inflation Concerns
Snap announced poor second quarter earnings on Thursday, missing Q2 revenue targets and bringing the company’s shares down by 26 percent. The camera-based chat service has lost over 70 percent in 2022. The report also sparked a selloff in rival internet ad sellers, as Facebook owner Meta dropped 5 percent in extended trade, while Alphabet and Pin...
-
Parliamentary Panel Said to Summon Google, Amazon, Facebook, Others to Examine Competitive Behaviour
With a number of global tech giants facing Competition Commission of India (CCI) probe for alleged anti-competitive practices, a key Parliamentary panel will reportedly summon representatives of Google, Amazon, Facebook, Twitter and others to examine their competitive behaviour.
-
Google, Amazon, Facebook Face Parliament Summons Over Anti-Competitive Conduct
With a number of global tech giants facing CCI probe for alleged anti-competitive practices, a key Parliamentary panel on Thursday decided to summon representatives of Google, Amazon, Facebook, Twitter to examine their competitive behaviour.
-
Facebook Parent Meta Appeals UK Ruling That It Must Sell Giphy
Facebook-owner Meta is appealing Britain's ruling that it must sell animated images platform Giphy, saying the evidence does not support the finding that the deal is a threat to its rivals or could impact competition in display advertising.
-
Europe vs GAFAM: How the Battle Against Big Tech Unfolded So Far
US tech giants Google, Apple, Facebook, Amazon, and Microsoft — collectively dubbed GAFAM — have been accused of not paying enough taxes, stifling competition, stealing media content and threatening democracy by spreading fake news.
-
Facebook Outage Shows Need for More Players: EU Antitrust Chief Margrethe Vestager
Facebook's six-hour outage shows the repercussions of relying on just a few big players and underscores the need for more rivals, EU antitrust chief Margrethe Vestager said.
-
Facebook Set to Launch Newsletter Product for Independent Writers and Journalists
Facebook is rolling out a new publishing platform in the coming months in the US that lets independent writers and journalists reach new audiences and monetise their work through email newsletters and individual websites.
-
Microsoft CEO Satya Nadella Says Social Media Services Like Facebook, Twitter Need Clear Laws on Free Speech
Microsoft CEO Satya Nadella said social media services like Facebook, Twitter, and YouTube need clearer laws and rules to govern whether controversial accounts have a place on their services, rather than being asked to make free-speech decisions themselves.
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Microsoft CEO Satya Nadella Says Welcomes Scrutiny of Tech Industry That Has Roiled Competition
Software companies should welcome the harsh spotlight that's been put on the technology industry this year, Microsoft’s Nadella said in an interview.
-
Twitter Ropes in Facebook Veteran to Revive Fortune
Twitter is facing stalled user growth and growing competition for quite some time.
-
Facebook, Google Scrutinised Amid French Online Ad Sector Probe
French Competition Authority will examine the importance of collecting and exploiting data to compete in the online display advertising sector.
