Meta reports 55% drop in Q4 2022 net income to $4.6bn
The US-based social technology company earned revenue of $32.16bn during the fourth quarter ended 31 December 2022, which…
Apps
Google to challenge CCI’s $161m fine in Supreme Court of India
09 Jan 23The American technology major was fined by the Indian anti-trust watchdog in October 2022 for alleged anti-competitive practices…
Meta to pay $725m to settle Cambridge Analytica scandal case
26 Dec 22As per the lawsuit, Meta is alleged to have given access to several third parties to Facebook users’…
Meta announces 13% job cuts to leave more than 11,000 redundant
10 Nov 22The parent company of Facebook has shifted more resources to a smaller number of high priority growth areas…
Twitter confirms roll out of blue tick subscription service for $7.99
07 Nov 22In addition to the blue-tick verification subscription service, the Twitter app update claims to have halved the ads,…
Musk to begin mass layoffs at Twitter following $44bn takeover
04 Nov 22The US-based microblogging and social networking service is expected to see several job cuts, as confirmed by an…
Elon Musk completes $44bn takeover of social media firm Twitter
28 Oct 22Immediately after taking over Twitter, the Tesla and SpaceX CEO fired the social media company’s CEO Parag Agrawal,…
Meta reports 52% drop in Q3 2022 net income to $4.4bn
27 Oct 22The parent company of Facebook earned revenue of $27.7bn during the third quarter of 2022 ended 30 September…
Google fined $113m by Indian anti-trust regulator for Play Store policies
26 Oct 22App developers who do not adhere to Google’s policy of using GPBS are not allowed to list their…
UK CMA orders Facebook owner Meta to divest Giphy
19 Oct 22The Competition Appeal Tribunal upheld the British Competition and Markets Authority’s decision that the previously closed acquisition of…