Meta mulling to divest CRM software provider Kustomer
Kustomer offers an omnichannel CRM platform which combines customer conversations from various channels into a single-screen view
Social Media
UK tribunal temporarily blocks £3bn mass action against Meta
21 Feb 23The three-member bench of the tribunal has stayed the mass action for a period of six months to…
Meta to trial account verification badge on Instagram and Facebook
20 Feb 23Meta Verified will include a verified badge that authenticates users' accounts with government IDs, proactive account security, access…
Meta reports 55% drop in Q4 2022 net income to $4.6bn
02 Feb 23The US-based social technology company earned revenue of $32.16bn during the fourth quarter ended 31 December 2022, which…
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…