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Amazon and Walmart Faces Competition In Indian Grocery Services Market After The Launch Of JioMart

Amazon.com Inc. (NASDAQ:AMZN) and Walmart (NYSE:WMT) Flipkart are facing competition in the online grocery services market in India following the launch of Reliance’s JioMart. JioMart to deliver groceries in 200 towns The online grocery market in Indian is huge, and JioMart is expected to deliver crossers in over 200 towns nationwide. The Indian conglomerate’s grocery […]

Facebook Inc. (NASDAQ:FB) To Acquire Giphy For $400 million And Plans Integration With Instagram

On Friday, Facebook Inc. (NASDAQ:FB) announced that it will acquire animated GIFs Company Giphy in a deal estimated to be around $400 million. The company is planning to integrate the extensive GIF library to its Instagram app. Facebook to integrate Giphy into Instagram Giphy is expected to continue operating its GIF library. In a statement, […]

Zoom (NASDAQ:ZM) Takes Steps To Address Security Flaws On The Platform Through Acquisition Of Keybase

Video conferencing platform Zoom Video Communications Inc. (NASDAQ:ZM) has been enhancing its security following a wave of criticism regarding its security protocols. The company has announced the acquisition of New York startup Keybase as it looks to enhance encryption protocols that it had led users and investors to believe that it supported. Keybase to help […]

Australia Makes It Mandatory For Facebook Inc. (NASDAQ:FB) And Google (NASDAQ:GOOGL) To Share Ad Revenue

Facebook Inc. (NASDAQ:FB) and Google (NASDAQ:GOOGL) will be compelled to compensate Australian media outlets for their news content after the country’s treasurer ordered the creation of a code of conduct. The decision could be timely as media outlets have been hit with declining ad revenues because of coronavirus and have been forced to downsize and […]

Twitter Inc (NYSE:TWTR) Speaks Out On Facebook, Inc (NASDAQ:FB) Hacked Accounts

Twitter Inc (NYSE:TWTR) has today given out a detailed statement outlining Facebook, Inc (NASDAQ:FB) account was hacked. The business guru says that asides from the company’s official account its Messenger also fell victim to the hackers. Twitter learns about the hack The one that brought this report to the limelight was the spokesperson of Twitter […]

Libra Association Launched By Facebook, Inc. (NASDAQ:FB) Elects A Five Member Board Of Directors On Its First Meeting

Despite the exit of prominent payment processors, Libra Association launched by Facebook, Inc. (NASDAQ:FB) conducted its first meeting on Monday in Geneva. It has the support of 21 members that include Venture Capital Firms, Vodafone, Spotify, Lyft, and Uber. Facebook moves ahead with creating Libra Shrugging off the criticism from US politicians and regulators and […]

Major Payment Processors – MasterCard, Visa, Stripe, And eBay Quits Libra Project, A Setback For Facebook, Inc. (NASDAQ:FB)

A week after Paypal Holdings Inc (NASDAQ:PYPL) quits the Libra Project of Facebook, Inc. (NASDAQ:FB), MasterCard, Visa, Stripe, and eBay followed suit. It is a setback for the ambitions of Facebook to introduce a private global currency to facilitate cross border payments. A 28-member organization crumbles The decision of the major payment processors to withdraw […]

Facebook, Inc. (NASDAQ:FB) CEO`s Comments Casts A Dark Shadow On Its Apps: Zuckerberg Underestimates Tik Tok

In leaked audio from an internal meeting held with employees in July 2019, Mark Zuckerberg, Chief Executive Officer of Facebook, Inc. (NASDAQ:FB), said it is just like an explore Tab on Instagram when describing the Tik Tok. He possibly misunderstood the impact of Tik Tok, and his talk casts a dark shadow on the future […]

The Entry Of Apple Inc. (NASDAQ:AAPL) And Facebook, Inc. (NASDAQ:FB) Into Finance Forces Big Banks To Seek The Help Of Young Rivals

With the entry of tech giants – Apple Inc. (NASDAQ:AAPL), and Facebook, Inc. (NASDAQ:FB) into the finance industry, the big banks are teaming up with younger rivals to stay afloat. To move in tandem with the changing times, several big banks are either buying start-up competitors outright or teaming up with them. It helps them […]

Facebook, Inc. (NASDAQ:FB) Suspends 64,000 Apps From 400 Developers On Inappropriate Sharing Of Data

Facebook, Inc. (NASDAQ:FB) announced the suspension of several apps from 400 developers over a year on privacy concerns. According to the blog post released on Friday, Facebook said it banned the apps that indulge inappropriate sharing of data of users without their consent. It is a clear violation of the Facebook policies, and as a […]

Facebook Inc. (NASDAQ:FB) To Pay $3 Million For News Headlines On New News Tab

For years, Facebook Inc. (NASDAQ:FB) has refuted claims that it is expanding its footprint into the media business.  Going by things on the ground, things could be different. The giant networking company is in the process of launching a new news tab that will focusing purely on trustworthy news only. The new news tab will […]

Facebook Inc. (NASDAQ:FB) Introduces Facial Recognition Feature That Scans Photo Uploads

Facebook Inc. (NASDAQ:FB) has announced that it will be launching a facial recognition setting for users. For new users, the feature will be off by default. Current users without the setting will receive a notification on whether they wish to turn it on. Facial Recognition to replace tag suggestions The Face Recognition setting has been […]

Facebook, Inc (NASDAQ:FB) Starts RollOut Of Its Clear History Tool In Three Countries

The developer conference that Facebook, Inc (NASDAQ:FB) held last year witnessed CEO, Mark Zuckerberg, make an important announcement. According to the executive, the social media leader would provide users with the opportunity to clear their history at will. The users of the platform had to wait for months before this rollout. Facebook will start its […]

Facebook, Inc (NASDAQ:FB) Selected Human Contractors To Review Its Messenger App Audio

Facebook, Inc (NASDAQ:FB) has admitted that it used human contractors played a part in its review of the user recordings. However, it disclosed that it had stopped employing human contractors for the review process. This has been ongoing for quite some time without the knowledge of the platform users. These human contractors would review and […]

Facebook Inc. (NASDAQ:FB) Ordered Pay A $5 Billion Privacy Settlement

Facebook Inc. (NASDAQ:FB) will be required to pay a record $5 billion according to a privacy settlement  approved by the US Federal trade commission to resolve the investigation on the data scandal involving Cambridge Analytica. Facebook $5 billion penalty largest in history of FTC The social media giant has been under investigation on how it […]

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