In a dramatic Senate Judiciary Committee hearing on January 31, the CEOs of major tech companies face intense scrutiny over the potential harms of their platforms to teens. In a tense Senate Judiciary Committee hearing, Meta CEO Mark Zuckerberg stood to offer a public apology to families affected by the alleged repercussions of social media platforms, acknowledging the pain and suffering they have endured.
Information technology giants Google and Meta have started the New Year with a fresh round of layoffs that will impact specific departments in their respective firms. Meta said it is laying off some technical programme managers (TPMs) at Instagram and reports said that at least 60 such jobs are either being consolidated or eliminated. Google announced it is laying off hundreds of hardware employees, especially in the augmented reality (AR) division while Fitbit co-founders James Park, Eric Friedman and other Fitbit leaders are reportedly leaving the company.
Meta-owned WhatsApp banned a record over 7.1 million bad accounts in India in the month of November 2023, in compliance with the new IT Rules 2021, the company said on Monday. Between November 1-30, the company banned 7.196 million accounts. Around 1.954 million of these accounts were proactively banned, before any reports from users, WhatsApp said in its monthly compliance report.
Gen Z in India will lead the key trends on Instagram next year, from prioritising careers to being super on point with meme preferences, and exploring a variety of food flavours, the Meta-owned company said on Monday. In various realms, including food, beauty, and fashion trends, Indian Gen Z have shown a heightened inclination to embrace and explore emerging trends, according to the ‘2024 Instagram Trend Talk’ insights.
The much-awaited cage fight between Elon Musk and Mark Zuckerberg may not happen very soon as the Meta founder has injured himself while training and underwent surgery.
Meta Founder and CEO Mark Zuckerberg on Wednesday announced to launch WhatsApp Channels in India and over 150 countries. WhatsApp Channels are a one-way broadcast tool and deliver a private way to receive updates from people and organisations that matter to users, within WhatsApp.
Tech companies have laid off 226,000 employees so far this year, almost 40 per cent more than in 2022, a report showed on Tuesday. Although the tech industry has seen a shocking number of job cuts last year, 2023 has been much worse.
In what may be the clearest sign yet that Twitter sees Meta as a competitive threat, the former has threatened the latter with a lawsuit following the successful launch of Meta’s new Twitter rival, Threads. An attorney for Twitter on Wednesday sent a letter to CEO Mark Zuckerberg accusing Meta of stealing trade secrets by employing former Twitter employees. Semafor was the first to report on the letter. The veracity of the letter was confirmed to CNN by a source with knowledge of the situation.
Meta, which owns Facebook, Instagram and WhatsApp, is all set to launch an app on Thursday titled ‘Threads’, aimed at being an alternative to Twitter. According to Apple’s App Store preview in the US, the app is expected to launch on July 6, and will be available for download for users.
The S&P 500 rallied to end the day in a bull market, marking a 20 per cent surge since its most recent low, reached on October 12, 2022. That brings to end the bear market that began in January 2022. Buoyed by gains in big technology stocks, the broad-based index closed at 4,293.93 and crossed the threshold that separates a bear market from a bull market — that’s investor-speak for a period of time marked by rising stock prices and optimism on Wall Street, CNN reported.
Meta-owned WhatsApp banned a record of over 4.7 million bad accounts in India in the month of March, in compliance with the new IT Rules 2021, the company said on Monday. Between March 1 and March 31, “4,715,906 WhatsApp accounts were banned and 1,659,385 of these accounts were proactively banned, before any reports from users”, WhatsApp said in its monthly compliance report.
TiEcon 2023, The Indus Entrepreneurs (TiE) Silicon Valley’s signature annual conference this year aims to address ways to power its way through a difficult time in IT, to showcase quality content, and offer ample opportunity for networking.
As India shifts from being a global back office to a technology co-creator, the U.S.-India partnership represents one of the greatest economic opportunities of the coming decade.
“When nonimmigrant workers are laid off, most individuals facing job loss already have several options in order to remain in the United States while continuing their job search past 60 days,” said the USCIS Director Ur M. Jaddou in a written response to a letter sent by the Foundation for India and Indian Diaspora Studies USA (FIIDS) on Feb 27.
Foundation for India and Indian Diaspora Studies (FIIDS) has urged the United States Citizenship and Immigration Services (USCIS) to “urgently consider extending the H1B grace period to 180 days”.
Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, said it will cut 10,000 jobs, just four months after it let go 11,000 employees; the first big tech company to announce a second round of mass layoffs.
The year 2023 is set to become the worst year for tech employees as in just two months, 417 tech firms have laid off more than 120,000 workers globally. In comparison, 1,046 tech companies — from Big Tech to startups — laid off more than 161,000 employees in 2022, as per the data by layoffs tracking site Layoffs.fyi.
In a concerted campaign, Indian origin tech sector employees and their lawyers have been lobbying with the US government to increase the grace period from 60 days to 180. Under current rules, if H-1B or an L1 visa holders find themselves out of a job, they have to find an employer who is willing to sponsor them within 60 days, or they are sent back to their home country within 10 days after the grace period ends.
The Facebook and Instagram accounts of former US President Donald Trump will be reinstated by Meta after a ban of two years, a New York Times report said.