Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report

Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak … Read more

Mark Zuckerberg May Have Better Luck With Elon Musk’s ‘Blue Tick’

Three months ago, Elon Musk announced an $11 (roughly Rs. 910) monthly subscription service to give Twitter users a blue verification check mark. On Sunday, Meta Platforms announced largely the same thing: a $15 (roughly Rs. 1,240) subscription service for users to get a blue verified badge, so long as they provide a government-issued ID. Meta Chief … Read more

Google, Twitter, Meta Publish Monthly Active Users in EU, Will Face Stricter Content Rules

Alphabet’s Google, Facebook parent Meta Platforms and Twitter face stricter EU online content rules according to monthly user numbers published by the companies on Thursday which exceeded the EU threshold. The new rules known as the Digital Services Act (DSA) labels companies with more than 45 million users as very large online platforms and subject … Read more

Google to Spread Misinformation Prebunking in Europe; Initiative in the Works in India

After seeing promising results in Eastern Europe, Google will initiate a new campaign in Germany that aims to make people more resilient to the corrosive effects of online misinformation. The tech giant plans to release a series of short videos highlighting the techniques common to many misleading claims. The videos will appear as advertisements on … Read more

Twitter Failed to Submit Complete Report on Efforts to Combat Online Disinformation, EU Says

Twitter failed to provide a full report to the European Union on its efforts to combat online disinformation, drawing a rebuke Thursday from top officials of the 27-nation bloc. The company signed up to the EU’s voluntary 2022 Code of Practice on Disinformation last year — before billionaire Tesla CEO Elon Musk bought the social media … Read more

Twitter Blue Subscription Rolls Out in India; Extends Character Limit in the US: All Details

Twitter Blue subscription, the company’s paid tier of the microblogging platform, in rolling out in India on iOS and Android. While the Twitter Blue monthly subscription via the Web interface is priced at Rs. 650, the iOS and Android subscriptions are priced at Rs. 900, thanks to Google and Apple’s in-app purchase commissions. There is … Read more

‘Had to Save Twitter From Bankruptcy’: Elon Musk Reveals ‘Extremely Tough’ Period Following Twitter Takeover

Twitter and Tesla CEO Elon Musk on Sunday said that the past three months have been “extremely tough” as he “had to save Twitter from bankruptcy” while also fulfilling his duties in Tesla and SpaceX. Taking to his official Twitter handle, Musk said that the microblogging site continues to have challenges.  Elon Musk tweeted, “Last … Read more

Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?

Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t … Read more

Elon Musk Considers Raising $3 Billion to Pay Off Part of Twitter Debt: Report

Elon Musk’s team has been exploring using as much as $3 billion in new fundraising to help repay some of the $13 billion in debt tacked onto Twitter for his buyout of the company, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. According to the report, Musk‘s representatives discussed selling … Read more