Meta announces 13% job cuts to leave more than 11,000 redundant
The parent company of Facebook has shifted more resources to a smaller number of high priority growth areas…
Social Media
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…
Musk reveals intentions to go ahead with $44bn Twitter takeover deal
06 Oct 22Twitter confirmed that it received a letter from parties related to Musk and that the social media firm…
Twitter’s shareholders vote in favour of $44bn takeover deal by Elon Musk
14 Sep 22The social media platform had previously filed a lawsuit in the Delaware Court of Chancery with an intent…
Meta reports 36% drop in Q2 2022 net income to $6.7bn
28 Jul 22The US-based social technology company earned revenue of $28.82bn during the second quarter of 2022 ended 30 June…
Elon Musk scraps $44bn acquisition of Twitter over fake accounts
11 Jul 22The American billionaire, who is now expected to be sued by Twitter for scrapping the deal, revealed that…
Indian social media firm ShareChat closes $520m funding round
17 Jun 22Google and Times Group joined the company as new investors in the final tranche of the funding round