Metaverse

Meta, Google must help combat India's illegal gambling, betting mkt: Study

A report by not-for-profit think tank Digital India Foundation states that the illegal gambling and betting ecosystem in India exceeds $100 billion annually and is growing at 30 per cent per year

Meta must face lawsuit claiming it prefers cheaper foreign workers

Meta, in a statement, said the allegations were baseless and it would continue to vigorously defend itself against them

Meta seeks engineering director in India to lead Bengaluru operations

The engineering director is expected to influence technical decision-making, drive prioritisation and execution, and manage outstanding engineers and engineering managers, as per the job description

Meta raises executive bonuses to 200% amid layoffs, cost-cutting measures

The announcement to raise bonuses comes just a week after Meta began laying off 5 per cent of its workforce, a move the company attributed to targeting underperforming employees

Meta platforms' record winning streak puts stock split in view for 1st time

A purely mathematical action, a split changes nothing about the underlying fundamentals of a company, but does lower the price per share

India among largest countries in Meta AI adoption, says India head

Says over 4 million entities have used at least one of the firm's GenAI offers

Meta's WhatsApp faces tougher EU rules as monthly users top 45 million

The commission, which is the EU's executive arm, has been increasing scrutiny of social media in an attempt to rein in the power of predominantly American tech companies

Meta to build 50,000 km subsea cable to connect US, India, Brazil, S Africa

Dubbed Project Waterworth, the undersea cable will be a multi-billion-dollar, multi-year investment to strengthen the scale and reliability of the world's digital highways

Meta to allow rival ads on Marketplace after EU antitrust penalty

Calling it the Facebook Marketplace Partner Progam, Meta said the scheme is a response to the EU competition watchdog even as it challenged the fine in court

Meta Platforms tweak accounting formula on AI servers to boost profit

By Meta's reckoning, the shift is expected to reduce the company's depreciation expense by $2.9 billion in 2025, which would, on its own, amount to almost 4% of estimated pre-tax profits for the year

I was nearly sentenced to death for blasphemy in Pakistan: Mark Zuckerberg

On the Joe Rogan Podcast, Meta CEO Mark Zuckerberg spoke on stricter content controls and the growing regulatory pressures on technology firms worldwide

Facebook owner Meta to carry out expected company-wide layoffs on Feb 10

Notices will go out to employees losing their jobs starting at 5 am local time Monday in most countries

Meta adds $235 bn of value in winning streak as investors cheer AI bets

The stock is up 1.1 per cent Tuesday. If the gains hold through end of the session, the owner of Facebook will have added more than $235 billion in market value during the streak

Microsoft's cloud outlook knocks shares, Meta rises on AI payoff signs

The Windows maker missed market estimates for quarterly revenue growth at Azure and gave a third-quarter forecast for the business that was below expectations

Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns world

DeepSeek's quick progress has stirred doubts about the lead America has in AI with models that it claims can match or even outperform Western rivals

Sales boost for auto dealers as deal with Meta helps digitisation: Report

Consumers consider social media for decision to buy new vehicle and use messaging apps to communicate with auto dealers

Answering queries on welfare schemes is bulk of govt fact-check unit's work

Queries on government jobs or recruitment examinations also on the minds of people

CCI's ruling can force rollback of features, hurt business, warns Meta

The CCI has imposed a fine of $24.5 million and a five-year ban on the data sharing practice in India, the biggest market for Meta where it has more than 350 million Facebook users

Meta India official apologises for Mark Zuckerberg's India election remark

Appearing on the Joe Rogan podcast, Zuckerberg claimed that incumbent governments in many countries, including India, lost elections following the Covid-19 pandemic

EU reassesses its probes into tech giants such as Apple, Google and Meta

The review could lead to Brussels reducing or changing the range of the probes, and will cover all cases launched since March 2024