The US FTC and attorneys general from 46 states filed a lawsuit against Facebook, alleging gross abuse of market power and illegal acquisition of WhatsApp and Instagram.
Despite the tech giants ramping up lobbying in the face of antitrust scrutiny by FTC, its Facebook’s turn to receive lawsuits after Google.
From online courses to making a Zoom call, people are taking on productive activities to make the most out of their coronavirus quarantine
For Facebook’s Mark Zuckerberg, chaos is a time of opportunity. In India, the Silicon Valley billionaire has 400 million strong markets that his company has sadly failed to monetize. Facebook’s investment of $5.7 billion in Reliance Jio Platforms is Zuckerberg’s biggest investment since acquiring WhatsApp.
Facebook announced that it has picked up a minority stake in India’s Telecom Behemoth, Reliance’s Jio platforms. The Facebook investment in Jio is valued at Rs. 43, 574 Crore for a 9.99 % stake, making the overall valuation of Jio Platforms at Rs. 4.62 Lakh Crore.
With people locked inside their homes due to the COVID-19 outbreak, there’s a threat on the internet bandwidth being pushed to the limit. The coronavirus pandemic has in turn forced Netflix, YouTube and Amazon to reduce its online video streaming quality.
The government demands a fact-checking and quality control mechanism to curtail the misleading messages spreading at their platform. But for WhatsApp that changes the promise to their customers.
Only 15% of adults correctly identified photos of Twitter CEO Jack Dorsey, while surprisingly, only 29% of Americans are aware that Facebook owns WhatsApp and Instagram.