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A lawyer for Tesla shareholders who claim Elon Musk deceived them when he tweeted that he had secured funding to take his electric car company private is expected to make closing arguments to a San Francisco jury on Friday. A jury of nine will decide whether the tweet artificially inflated Tesla’s share price by playing

Instagram co-founders Kevin Systrom and Mike Krieger have made a comeback with a new social app that will offer a personalized news feed. Dubbed Artifact, the app will offer an AI-curated personalized news feed based on users’ choices. It will use machine learning to create a personalized news feed. The launch of the app has

India is among the top three nations contributing active users growth for Facebook as of December 31, 2022, social media major Meta said in a regulatory filing. The company has reported a 4 percent increase in worldwide daily active users (DAUs) to 2 billion on average during December 2022 from 1.93 billion during December 2021.

Elon Musk’s former chief of staff on Wednesday testified that the billionaire believed he had a “handshake deal” to take Tesla private in 2018 shortly before he tweeted he had the financing for an aborted buyout that is still haunting him in a high-profile trial. Sam Teller, who worked closely with Musk from 2014 to

The Supreme Court on Tuesday directed WhatsApp to widely publicise its undertaking given to the Centre in 2021 stand its users in India do not have to accept its 2021 privacy policy in order to use it. A five-judge Constitution bench headed by Justice KM Joseph asked WhatsApp to give advertisement in five newspapers to

Instant messaging platform WhatsApp on Wednesday said it banned 36.77 lakh accounts in India in December, marginally lower than the number of accounts it barred in the preceding month. The banned WhatsApp accounts in India include 13.89 lakh accounts which were barred proactively before being flagged by users. In November, WhatsApp banned 37.16 lakh accounts in

Twitter has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk’s purchase of the social media company last year, according to two people familiar with the matter. Twitter paid about $300 million (roughly Rs. 2,500 crore) to a group of banks last week, one of the sources

Twitter is working to introduce payments on the social media platform and has begun applying for regulatory licenses, the Financial Times reported on Monday, citing people familiar with the matter. New boss Elon Musk is pushing Twitter to create new streams of revenue as it faces a drop in advertising income, following his $44 billion

Facebook on Monday asked a London tribunal to block a collective lawsuit valued at up to GBP 3 billion (roughly Rs. 30,300 crore) over allegations the social media giant abused its dominant position to monetise users’ personal data. Meta, the parent company of the Facebook group, is facing a mass action brought on behalf of around

Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. The trial, centred on a pair of tweets announcing Musk had obtained the money to take Tesla private in 2018, reeled the 51-year-old billionaire into a federal courtroom in San

WhatsApp is reportedly working on the ability to react to messages in Community announcement groups. The Meta-owned messaging service has been spotted working on the capability on the latest beta version of WhatsApp for iOS. If the capability is rolled out, users will be able to react to messages that are in Community announcement groups using

Over the last year, Big Tech firms have laid off over 70,000 people worldwide. Workers at major technology companies such as Alphabet, Amazon, Meta, Twitter, Microsoft, and Salesforce have been laid off in large numbers. Tesla, Netflix, Snap, and Spotify have also cut several jobs, but their layoffs are markedly smaller than larger firms. A

Twitter users will be able to appeal account suspensions and be evaluated under the social media platform’s new criteria for reinstatement, starting Feb. 1, the company said on Friday. Under the new criteria, which follow billionaire Elon Musk’s purchase of the company in October, Twitter accounts will only be suspended for severe or ongoing and

The House Foreign Affairs Committee plans to hold a vote next month on a bill aimed at blocking the use of China’s popular social media app TikTok in the United States, the committee confirmed on Friday. The measure, planned by the panel’s chair Representative Michael McCaul, a Republican, would aim to give the White House

Twitter will team up with digital ad verification companies Integral Ad Science and DoubleVerify to provide advertisers tweet-level analysis on content appearing next to their ads, the companies said on Wednesday. IAS and DoubleVerify, who have both previously partnered with Twitter, use technology to independently verify that digital ads are viewed by real people. Advertisers

Meta Platforms said Wednesday it will reinstate former US President Donald Trump’s Facebook and Instagram accounts in the coming weeks, following a two-year suspension after the deadly Capitol Hill riot on January 6, 2021. The restoration of his accounts could provide a boost to Trump, who announced in November he will make another run for

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

Elon Musk returned to federal court to defend himself against a class-action lawsuit that alleges he misled Tesla shareholders with a tweet about an aborted buyout that the billionaire defiantly insisted Tuesday he could have pulled off, had he wanted. Musk spent roughly three more hours on the stand during his third day of testimony

Amid outrage over a plan to give powers to its arm PIB to police fake news on social media, Union Minister Rajeev Chandrasekhar on Tuesday said that the government will next month hold discussions with stakeholders before the proposal is implemented. The minister said that the rules for regulating online gaming are expected to be

Twitter has altered the way the “For You” and “Following” timeline tabs on its homepage function. It announced on Wednesday that the Web version of the social media platform will now remember the timeline a user was last on. On their return to the site, the user will be greeted by the timeline tab they

Advertising spend on Twitter dropped by 71 percent in December, data from an advertising research firm showed, as top advertisers slashed their spending on the social-media platform after Elon Musk’s takeover. The recent data by Standard Media Index (SMI) comes as Twitter is moving to reverse the advertiser exodus. It has introduced a slew of initiatives

Facebook Messenger’s end-to-encrypted (E2EE) chats will soon be updated with several features and improvements, including personalised chat themes, customised chat emoji and reactions, group profile photos, according to the company. End-to-end encrypted chats add an extra layer of security and protection to the contents and calls of a chat, protecting them from any third parties,

Britain’s Crown Estate, an independent commercial business that manages the property portfolio belonging to the monarchy, said on Monday it had begun court proceedings against Twitter over alleged unpaid rent on its London headquarters. Court lists showed the case against Twitter had been filed at the High Court in London last week. In a statement,

WhatsApp, the popular instant messaging platform, keeps introducing new features to offer a better user experience. From E2EE chats to online payments and privacy settings, the app has added a lot of functionality since its launch in 2009. WhatsApp has recently been spotted working on a new feature that will allow users to share images

Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are “too frequent on Twitter and too big,” and that steps will be taken to address those issues in coming weeks. Twitter did not immediately respond to a

Twitter said on Wednesday it was offering an annual plan for its subscription service called Twitter Blue, which includes its sought-after “verified” badge, at a discount to its monthly price. Users can subscribe to the service for an annual price of $84, instead of a monthly subscription price of $8 on the web and $11

Twitter has about 2,300 active employees, Elon Musk said in a Tweet on Saturday. CNBC on Friday reported that Twitter’s full-time headcount has reduced to about 1,300 active, working employees, including fewer than 550 full-time engineers by title. About 75 of the company’s 1,300 employees are on leave including about 40 engineers, CNBC said, citing

Twitter will receive an update that will allow the app to remember the last feed a user was viewing, the company’s CEO Elon Musk revealed on Saturday. The microblogging service recently updated its Android and iOS apps with a “For You” feed with recommended tweets that is shown to users by default. Twitter will also allow

Twitter has silently updated its developer terms to ban all third-party clients on the platform. The firm’s 5,000-word developer agreement was reportedly updated with a stipulation prohibiting “use or access the Licensed Materials to create or attempt to create a substitute or similar service or product to the Twitter Applications.” Even before the terms were

The government on Friday made it mandatory for social media influencers to disclose their “material” interest in endorsing products and services and violations can attract strict legal action, including ban on endorsements. The regulations are part of continuing efforts to curb misleading advertisements as well protect the interests of consumers amid the expanding social influencer