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Parag Agrawal New CEO of Twitter, Jack Dorsey Steps Down

30Nov By AdityaNo Comments

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Parag Agrawal New CEO of Twitter, Jack Dorsey Steps Down

SAN FRANCISCO, Nov. 29, 2021-- Twitter, Inc. (NYSE: TWTR) announced that Jack Dorsey has decided to step down as Chief Executive Officer and that the Board of Directors has unanimously appointed Parag Agrawal as CEO and a member of the Board, effective immediately. Dorsey will remain a member of the Board until his term expires at the 2022 meeting of stockholders. Bret Taylor was named the new Chairman of the Board, succeeding Patrick Pichette who will remain on the Board and continue to serve as chair of the Audit Committee. Agrawal has been with Twitter for more than a decade and has served as Chief Technology Officer since 2017. "I've decided to leave Twitter because I believe the company is ready to move on from its founders. My...

Facebook changes its name and what it means for our future

25Nov By PriyankaNo Comments

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Facebook changes its name and what it means for our future

California, 24th Nov 2021: Facebook Inc. is now officially named Meta Platforms Inc., or simply: Meta. The company owned by Mark Zuckerberg is undergoing a rebrand that will shift the core business of the social media giant into a new realm that will begin to develop an industry forged in the concept of the Metaverse. The Metaverse is a relatively new concept that’s beginning to gain momentum in the technological and innovational agendas. The metaverse refers to the digital and virtual environments that are ever-present in our daily activities that involve entertainment, work, or even dating. When you log in to your gaming console to play GTA Online, you’re entering the metaverse. When you join a Teams meeting, you’re also making use of the metaverse, and when you chat online thru da...

26Aug By NitishNo Comments

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Apple launched News Partner Program to support Journalism

CUPERTINO, Calif., 26th Aug 2021-- Apple introduced the News Partner Program to expand Apple’s work with and support for journalism. The News Partner Program aims to ensure Apple News customers maintain access to trusted news and information from many of the world’s top publishers. The News Partner Program is designed for subscription news publications that provide their content to Apple News in Apple News Format (ANF). ANF enables an exceptional reading experience on Apple News and unlocks the full benefit of the platform for publishers, and empowers publishers to create brand-forward stories, immersive issues, and audio stories, with designs that scale seamlessly across Apple devices. ANF also supports advertising, and publishers keep 100 percent of the revenue from advertising they s...

Facebook offers Loans to Small businesses in India

20Aug By AnkitaNo Comments

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Facebook offers Loans to Small businesses in India

New Delhi, 20 Aug 2021: Facebook India announced an initiative known as the ''Small Business Loans Initiative'' in partnership with Indifi to help small and medium businesses (SMBs) get quick access to credit through independent lending partners. India is the first country for Facebook where this program is getting rolled out. The program is open to businesses registered across 200 towns and cities of India. Through Facebook's partnership with Indifi, small businesses that advertise with Facebook can get loans between Rs 5 lakh ($6,720) to 50 lakh ($67,200) at a predefined interest rate of 17-20 percent per annum, and applicants will not be charged a processing fee. Indifi will also disburse the loan amount within five working days of the borrower completing all documentation form...

3Aug By AdityaNo Comments

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Zoom to Pay $85M for Privacy Violation

California, Aug 3, 2021: Video Conferencing platform Zoom will pay $85 million to settle a lawsuit alleging that weak privacy controls open the personal information of users for outsiders to disrupt video meetings during the start of the pandemic. Millions of people in the U.S. who have used Zoom since March 31, 2020, could be eligible for a slice of the settlement that was reached over the weekend. The payment amounts are expected to average $34 or $35 for those who subscribed to Zoom's paid version, and $11 or $12 for the overwhelming majority who used the free version, based on estimates in court documents. Zoom was bedeviled by security issues early last year after stay-at-home orders transformed the company's videoconferencing service from a niche product into a cultural phenome...

Square launch banking services for Small Businesses

20Jul By AnkitaNo Comments

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Square launch banking services for Small Businesses

SAN FRANCISCO, 21st July 2021-- Square launches Square Banking, a suite of financial products purpose-built to help small business owners easily manage their cash flow and get more out of their hard-earned money. Coming on the heels of Square’s industrial bank, Square Financial Services, beginning operations in March, Square Banking represents a major milestone in Square’s continued efforts to expand access to financial tools for underbanked populations and marks the beginnings of the company’s journey to provide more banking solutions to small businesses. “Small businesses are the heartbeat of our communities and our economy. From our earliest days, Square has focused on building easy-to-use tools and services to empower entrepreneurs to succeed on their own terms,” said Christina ...

29Jun By NitishNo Comments

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Subway defends on Tuna DNA Controversy

CALIFORNIA, 29TH June 2021: One of the world's leading fast food chain Subway Restaurants defends its tuna products and said it utilizes 100 percent wild tuna, after facing a class-action lawsuit and a New York Times report that claimed testing found no tuna DNA in the restaurant chain’s tuna sandwiches. In its report, Subway said NYT report indicates that DNA testing is an unreliable methodology for identifying processed tuna. This report supports and reflects the position that Subway has taken in relation to a meritless lawsuit filed in California and with respect to DNA testing as a means to identify cooked proteins. DNA testing is simply not a reliable way to identify denatured proteins, like Subway’s tuna, which was cooked before it was tested. Unfortunately, various media outle...

Facebook launches Clubhouse like Podcasts & Live Audio Service

22Jun By AnkitaNo Comments

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Facebook launches Clubhouse like Podcasts & Live Audio Service

San Francisco, CA, 22nd June 2021: Social media network platform Facebook launched podcasts and live audio streams service in US to keep users engaged on its platform and to compete with emerging rivals. Facebook says it is allowing public figures with verified accounts to start live audio rooms and invite anyone else to speak. A handful of podcasts will be available to people in the U.S. at first and the company plans to add more down the line. CEO Mark Zuckerberg, who has appeared on the video streaming app Clubhouse in the past, hosted his own live audio room on his Facebook page last week. “Live Audio Rooms and podcasts rolling out in the US is just the beginning of our audio journey," wrote Fidji Simo, head of the Facebook app, in a blog post. “Looking ahead, we are working w...

14Jun By NitishNo Comments

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Now Anyone can use Google Workspace

MOUNTAIN VIEW, Calif., June 14, 2021-- Google announced a series of updates that build upon its vision to deliver a single, integrated communication and collaboration solution to everyone via Google Workspace. Now, all of the company's three billion-plus existing users across consumer, enterprise, and education have access to the full Google Workspace experience, including Gmail, Chat, Calendar, Drive, Docs, Sheets, Meet and more. Google Workspace is also launching Workspace Individual, a powerful, easy-to-use solution that was built to help individual business owners grow, run, and protect their business. This new subscription offering provides premium capabilities, including smart booking services, professional video meetings and personalized email marketing, with much more ...

24Apr By AdityaNo Comments

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Facebook Testing ads on Instagram Reels

California, 04/24/2021: Zuckerberg led Facebook to start testing ads on Instagram Reels, a short video platform worldwide as it looks to help brands better engage with relevant audiences. In July last year, Instagram had unveiled its new format ''Reels'' that allows users to create and share short videos. Reels and other short video platforms have seen strong growth userbase and time spent after some countries having security issues with popular short video making platform TikTok. In a blogpost on Thursday, Facebook said people are discovering and watching video in diverse formats across its family of apps, each offering distinct viewer and ad experiences. "Today, we're announcing new topic targeting options within Facebook In-Stream video, testing of Instagram Reels Ads and ot...

23Mar By reutersNo Comments

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WeWork lost $3.2 billion in 2020

(Reuters), 03/23/2021 -WeWork lost $3.2 billion last year, the office-sharing startup disclosed in a presentation shown to prospective investors as part of a pitch for $1 billion in investment and a stock market listing, a person familiar with the matter told Reuters. The company’s losses narrowed from $3.5 billion in 2019 and it plans to go public at a valuation of $9 billion including debt through a merger with a special purpose acquisition company (SPAC), according to a person directly briefed on the presentation that was sent out to existing and potential new investors. A SPAC is a shell company that raises funds in an IPO with the aim of acquiring a private company, which then becomes public as result of the merger. Reuters reported in January that WeWork was in talks to go p...

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

3Mar By PriyankaNo Comments

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TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

CHICAGO, 3rd March 2021-- US-based law firms will receive a $92 million proposed class action settlement on behalf of users of the TikTok app. The settlement, if approved by the court, would resolve claims that the social media company wrongfully collected its users’ biometric information and private data, and disclosed that information to third parties. In addition to creating a monetary fund for TikTok users, the settlement requires that TikTok initiate a new privacy compliance training program and take other steps to protect its users’ privacy going forward. TikTok is a video-sharing social network that has denied any privacy violations, the class action lawsuit contended that the app collects and discloses personal data in violation of the Illinois Biometric Information Priva...