March 16th, 2019
Shares of Facebook Inc fell as much as 5 percent on Friday to their lowest in nearly three months after the surprise departure of Chief Product Officer Chris Cox, at a time when the company is again being scrutinized over its handling of privacy, extremism and political content.
Cox, a Wall Street favorite who has worked with...
December 31st, 2018
The social networking giant Facebook has accelerated its reach to Indian IT services firms including HCL Technologies, Wipro and Tech Mahindra for the purpose of content moderation, anti-money laundering and data analytics as it faces increased global pressure and scrutiny to curb rumours as well as fraud on the...
December 26th, 2018
The social networking giant Facebook has doubled its annual spending on legal and advertising expenses and investment in India, underlying the complexity of challenges it faces from regulators to deal with the enormous amounts of incendiary messages exchanged on its platform.
The Menlo Park-based company is going through...
December 25th, 2018
Facebook India’s profit jumped about 40% to Rs 57 crore in the year ended March 2018, reflecting the increasing adoption of social media in a country where data costs have reduced drastically.
The company’s total revenue in India surged 53%. The social media major in a financial statement said that the services it...
December 1st, 2018With an aim to popularise original videos on its platform and give a fight to YouTube, Facebook has announced that it is introducing multiple monetization tools for the Indian content creators. This was announced during its first Indian “Creator Day” event.
Facebook has opened ad breaks to all qualifying video creators to help...
November 1st, 2018Facebook’s director of platforms and product partnerships Anand Chandrasekaran based in its Menlo Park headquarters has resigned from the company. He started his job at Facebook in 2016 and after two years of his work, he quit.
His departure ends a two-year stint which began in September 2016, where he had joined to work on...
October 30th, 2018For a long time now, Facebook has been making efforts to cope up for the mistakes that the company made in the recent past and as part of its efforts to train 3,00,000 people in India on digital literacy, it has launched Digital Literacy Library.
This is a collection of lessons in six local languages - Hindi, Bengali, Tamil, Telugu,...
October 25th, 2018The most popular social media platform Facebook is working on a new video app that it hopes could win back the attention of teens. The company is basically building a standalone product where users can record and share videos of themselves lip-syncing or dancing to popular songs, similar to that of the video making app called Tik Tok,...
October 24th, 2018Social media giant Facebook has repaired its messaging app called Messenger in an effort to simplify the service. The company claims to have 1.3 billion monthly global users.
The Messenger began rolling out a redesigned version featuring three tabs instead of nine. The platform stated that it was "going back to its roots" seven years...
