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In the second quarter, Meta reported $218 million in non-ad revenue, which includes payments fees and sales of devices like its Quest virtual reality headsets, down from $497 million last year.

Meta posts first-ever revenue drop as inflation throttles ad sales

The company said it expects third-quarter revenue to fall to $26 billion and $28.5 billion, which would make it a…

July 28, 2022 08:56 IST

On Tuesday, the single judge bench was informed by Twitter's counsel Mukul Rohatgi that MeitY has failed to record reasons for ordering the closure of accounts.

Twitter to place Centre’s ‘blocking orders’ before Karnataka HC in sealed covers

Twitter Inc has approached the High Court against 10 different ‘blocking orders’, issued by the Union Ministry of Electronics and…

July 26, 2022 19:52 IST

Google stopped selling online advertising in Russia in early March but has kept some free services available.

Russia fines Google $34 million for breaching competition rules

The decision is the latest multi-million dollar fine as part of Moscow’s increasingly assertive campaign against foreign tech companies.

July 26, 2022 19:15 IST

Musk was fully aware of the bot issue when he signed the deal to buy the company, Twitter’s lawyers said in a filing Monday.

Twitter calls Musk’s bots complaints ‘irrelevant sideshow’

Musk backed out of the deal to buy the platform on July 8, accusing the company of not complying with…

July 19, 2022 11:08 IST

TikTok had told users in recent weeks that it was going to deliver targeted advertising to them

Italy’s watchdog warns TikTok about alleged breach of EU privacy rules

The Italian authorities said they were also concerned that inappropriate advertising could be directed at minors given the problems that…

July 11, 2022 19:18 IST

Musk agreed to a $1 billion break-up fee as part of the buyout agreement

Looming Musk-Twitter legal battle drags company shares down

Shares of Twitter slid more than 6% before the opening bell Monday

July 11, 2022 18:27 IST

Twitter declined to comment while the law firm did not immediately respond to Reuters' request for comment outside business hours.

Twitter hires US law firm Wachtell to sue Musk after pulling out of $44 billion deal – sources

Twitter is planning to file a law suit early this week in Delaware, people familiar with the matter said.

July 11, 2022 10:49 IST

As per Meta, six million Reels are being produced everyday, thereby leading to doubling of income of creators.

Meta India’s Sandeep Bhushan, on how video led advertisements drive consumer engagement across its brands

As per the company users spend nearly 50% of their time consuming videos on Meta’s platforms

July 11, 2022 10:04 IST

Musk has demanded an audit of Twitter’s estimates.

Musk’s dispute with twitter over bots continues to dog deal

Twitter has repeatedly said that the number of spam bots on the service represent less than 5% of its total…

July 8, 2022 10:43 IST

DeSantis' increase in out-of-state ads suggests a move toward building a nationwide network of supporters, said three Republican strategists

Why a wave of social media ads may signal a potential White House run for Ron DeSantis

An analysis of DeSantis’ social media ads shows he has dramatically expanded his out-of-state ads in recent months, an indicator,…

July 7, 2022 17:17 IST

Late last month, Twitter was warned by the IT ministry of criminal proceedings if it did not comply with some orders.

Twitter seeks judicial review of Indian orders to take down content

The Indian government has previously said that big social media firms, including Twitter, have not complied with removal requests, despite…

July 6, 2022 11:04 IST

Social Media Day 2022: The art and science of making it big

The journey of social media has evolved from being a medium to exchange ideas to becoming an intrinsic tool to…

June 30, 2022 12:40 IST

The stakeholders also suggested removal of certain ambiguities from some of the clauses.

Draft IT intermediary rules: Social media firms seek clarity on grievance body

Through the proposed changes in the IT intermediary rules 2022, the government plans to make social media firms like Twitter,…

June 24, 2022 04:15 IST

This Singapore-based ‘make in India’ short video app wants to take on Meta, Google with real talent and original content

Majority of social media, today, is about showing off but that’s not the main crux of Tiki’s content.

June 16, 2022 14:53 IST

Anti-Insta: Apps that provide an alternative to Instagram

Finding an antithesis to Instagram? You are spoilt for choice

June 12, 2022 03:00 IST

“If the industry and these platforms come up with own self-regulatory, self-redressal appellate mechanism, we are open to it,” the minister said, noting that the users currently don't have such a recourse.

Open to self-regulation by social media firms: Govt

The move has been seen by a section of legal observers and internet activists as a case of over-regulation aimed…

June 8, 2022 06:30 IST

“The central government shall constitute one or more grievance appellate committees,” the ministry of electronics and information technology (MeitY) said in a draft notification.

Content check, blocked accounts: Social media firms face panel firewall

Govt plans to further tighten intermediary rules via grievance committees

June 3, 2022 04:30 IST

The aggrieved person can appeal against the decision of the grievance officer concerned before the committee within 30 days of receipt of the order.

Govt proposes to amend social media rules; to set up grievance appellate committee

The proposed move assumes significance against the backdrop of instances of accounts, including that of celebrities, being blocked by social…

Updated: June 2, 2022 19:09 IST

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