Mark’s influence is staggering, far beyond that of anyone else in the private sector or in government. He controls three core communications platforms — Facebook, Instagram and WhatsApp — that billions of people use every day.
The parliamentary Standing Committee on Information Technology, led by Congress leader Shashi Tharoor has summoned Facebook representatives at a sitting of the panel on September 2to hear its views on safeguarding citizens’ rights and misuse of social/online news media platforms.
The staggering numbers have put Big Tech under increased scrutiny, with Zuckerberg, Bezos, Apple Inc. Chief Executive Officer Tim Cook and Alphabet Inc. head Sundar Pichai testifying before Congress last month to defend allegations that their power and influence are out of control.
The Facebook CEO apparently argued that Washington should be more concerned about the Chinese Internet companies than reining in Facebook. Similar arguments were also made during his meeting with several senators following which the concerns were shared with other authorities and the government eventually started a national security review of the company.
The Trinamool Congress has written to Facebook CEO Mark Zuckerberg raising the issue of alleged bias of the social media giant towards the BJP, and claimed that there is enough evidence in public domain to substantiate this charge.
Union minister for information technology and law Ravi Shankar Prasad raised concerns on Tuesday over the deletion of some pages and posts on Facebook before 2019 general elections, accusing some employees of the social media platform in India of bias and inaction. "There was a concerted effort by Facebook India management to not just delete pages or substantially reduce their reach but also offer no recourse or right of appeal to affected people who are supportive of the right-of-centre ideology," Prasad said in a letter to Facebook Chief Executive Mark Zuckerberg.Ravi Shankar Prasad writes to Mark Zuckerberg, accuses Facebook of bias amid row over content
The House Judiciary Committee's antitrust panel appeared to draw on a rich trove of Facebook company emails, releasing numerous screenshots of correspondence from Zuckerberg and other Facebook executives. Using the exchanges, lawmakers got Zuckerberg to acknowledge that he saw photo-sharing app Instagram and messaging app WhatsApp as competitors when Facebook acquired them.
New update on internal message board: Facebook says no to hostile work environment, will strengthen policies
Mark Zuckerberg discussed the move during a Q&A session with employees.
Facebook CEO Mark Zuckerberg raised concerns about TikTok with lawmakers in the US months before the Donald Trump administration started portraying the short video-sharing platform as a threat to national security, The Wall Street Journal reported. In late October last year, Zuckerberg even took the opportunity to make a case against the rising Chinese Internet companies when the US President hosted a private dinner with the Facebook CEO at the White House, the WSJ report said, citing people familiar with the matter.Mark Zuckerberg reportedly warned Trump about rise of TikTok and other Chinese apps in US
Leonardo DiCaprio, Katy Perry and Michael B. Jordan have all expressed support for the freeze.
A strong rally in the shares of RIL has lifted promoter Mukesh Ambani to the fourth spot in the list of world's top billionaires, right behind Zuckerberg.
"It's really disappointing that we don't have adequate testing, that the credibility of top scientists and the CDC are being questioned," Zuckerberg said in an interview with Anthony Fauci, the country's top infectious disease expert. "I strongly agree that we need something of a reset here."
In the letter, dated September 9, the NGOs stated the link between content on Facebook and offline violence in India is 'no secret' but articles from WSJ revealed disturbing details about the problem. The letter stated mass riots in India spurred on by content posted on Facebook have been occurring for at least seven years.
Resentment from employees without children about extra parental benefits existed at companies before the pandemic, of course. But the health crisis has amplified that tension. Parents who had normally been able to balance work and home are struggling to help their children learn remotely while still doing their jobs.
Mark Zuckerberg’s net worth passed $100 billion for the first time Thursday after Facebook Inc. hit a record high on optimism about the release of its TikTok competitor Reels, reports Bloomberg. The 36-year-old joins fellow tech titans Jeff Bezos and Bill Gates as the only people in the world who currently have centibillionaire status, according to the Bloomberg Billionaires Index. Zuckerberg’s fortune is largely derived from his 13% stake in Facebook.
The announcement, which came in the form of a letter to employees, appeared aimed at quelling anger inside the company that was so severe it prompted some to quit. The outrage was sparked when Zuckerberg said Facebook would not remove or flag Trump's recent posts that appeared to encourage violence against those protesting police racism.
The Congress accused Facebook of interfering in India's democratic process and social harmony and being soft on members of the ruling BJP on applying its hate-speech rules.
It's upto Facebook to respond on its fact checking programme, say FB fact-checkers after IT minister raises concerns
In February last year, ahead of India's general elections, Facebook had expanded its third-party fact-checking programme by adding five new partners — the India Today Group, Vishvas.news, Factly, NewsMobile and Fact Crescendo — to its existing partners like Boom.
New Delhi, Sep 1 () Amid a political slugfest over the Facebook issue, a parliamentary panel will meet on Wednesday to discuss alleged misuse of the social media platform.
The comments come with Facebook under intense pressure from advertisers.
Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network.
Rahul Gandhi claimed that international media have fully exposed Facebook's and WhatsApp's brazen assault on India's democracy and social harmony.
Social media strategists for the Indian National Congress' 2014, and 2019 election campaigns say they didn't personally see any bias, but if there's evidence pointing to internal collusion, it needs to be investigated.
Shares plunged 8.3% on the news, eliminating $56 billion in market value.
While Facebook does apply labels to misleading posts, it exempts from review posts by politicians, a decision that some lawmakers and presumptive Democratic presidential candidate Joe Biden say helps lies to flourish online. Unlike Twitter, Facebook outsources its fact checking to media partners and says it takes no stance itself.
The Congress on Saturday wrote to Facebook CEO Mark Zuckerberg for the second time in a month, asking what steps were being taken on repeated allegations about the global social media giant's India unit being biased towards the ruling BJP.
The page and event listing violated Facebook's policies and should have been removed after numerous complaints were received about the group's violent nature, Zuckerberg said in a video to employees that he posted publicly on his Facebook profile.
US lawmakers, united in their ire, lash out at Jeff Bezos, Tim Cook, Mark Zuckerberg and Sundar Pichai
It was the first hearing for some time where Dems and Reps acted as if they had a common foe, though for different reasons. Dems criticized the tech cos for buying startups to stifle them and for unfairly using data to clone and kill off competitors, while Reps questioned whether the platforms had muzzled conservative viewpoints and were unpatriotic.
Ten practical leadership lessons: Congress offers a crucial management case study- What not to do as a leader
This isn’t a column on how Congress can revive itself. The joke will be on me for having any such hopes, especially after the recent inconsequential Congress Working Committee meeting. However, Congress offers excellent lessons on what not to do as a leader.
The Chan Zuckerberg Initiative (CZI) confirmed it had invested in the Mumbai-based startup, without disclosing details. “Eruditus has a proven track record of increasing access to education globally in partnership with leading universities,” said Vivian Wu, managing partner, Ventures at CZI.
Social media “platforms”, which enable their users to publish their thoughts and emotions directly, have become the largest and most influential media companies on the planet. They now tightly oligopolise the digital advertising market that they have transformed through large-scale privacy invasion.
In today’s internet world, the challenge is real – of balancing free speech with the responsibility of internet platforms to regulate hateful and inciteful content. But to use this power of the platform to attempt to silence or mute the Right is not just wrong, it cannot be permitted.
A Wall Street Journal report published on August 14 claimed that Das, Facebook's public policy director in India, had opposed application of the platform’s hate speech rules to posts by BJP leaders.
The rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s $84.8 billion fortune puts him within $15 billion of Mark Zuckerberg, number three on the ranking of the world’s 500 richest people.
Social platforms have faced calls to label or remove Trump's comments which warned against fraud in mail-in voting, and which appeared to encourage violence against those protesting the police killing of a black man in Minnesota.
Facebook likely to merge Instagram & Messenger chats, say reports; emojis, swipe-to-reply features may be added
This could be the latest step in Facebook’s efforts to bring individual products and apps closer together.
It’s rare for Facebook employees to speak publicly about internal activity unless they have permission from the communications team. The company in the past has punished and discouraged leaking. Now, Facebook has changed that approach.
Facebook founder Mark Zuckerberg described preventing electoral interference as a "little bit of an arms race" against countries such as Russia, Iran and China.
Tackling companies with combined annual revenue of $782 billion, more than the gross domestic product of Switzerland, is a huge challenge, meaning competition authorities benefit from the work that’s already been done elsewhere.
Facebook CEO Mark Zuckerberg said the partnership "will be to wire up and get thousands of kiranas, small businesses across India, onboarded onto WhatsApp to do commerce there". In the investor call of Alphabet, its chief Sundar Pichai said the company has announced a 'Google for India' Digitisation Fund to help Indian Internet users.
In April, Facebook announced investments of $ $5.7 billion in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook its largest minority shareholder. The deal with Jio allowed WhatsApp's integration with JioMart to enable people to connect with businesses, shop and ultimately purchase products in a seamless mobile experience.
Dressed for Congress: Zuckerberg junks the Tee, Bezos came armed with snacks while Cook sipped tea in a mug, and Pichai suits up in grey
Tech titans kept it subtle at the antitrust hearings.
Zuckerberg’s testimony, published in advance, focused on the broader danger of allowing tech firms from the world’s No. 2 economy to dominate the online sphere.
Four Big Tech CEOs - Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple - are testifying on their companies’ practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry. Critics question whether the companies, grown increasingly powerful after gobbling up scores of rivals, stifle competition and innovation, raise prices for consumers and pose a danger to society.Antitrust hearing: 4 Big Tech CEOs take heat during US Congress grilling on market power, influence
The four tech CEOs command corporations with gold-plated brands, millions or even billions of customers, and a combined value greater than the entire German economy. One of them, Bezos, is the world's richest individual; Zuckerberg is the fourth-ranked billionaire.
The mind-boggling accumulation of money underway in technology is unrivaled in speed and scale. No other group of executives has prospered to such a degree. Indeed, the world’s richest people are growing even richer, even faster, as the coronavirus pandemic upends the global economy and drives ever more activity online.
The CEOs of four of the most powerful companies in the world will testify remotely at the hearing, which comes less than 100 days before the US election.
The hearing, which will also include heads of Alphabet Inc's Google, Amazon.com Inc and Apple Inc , is scheduled for July 29.
The exercise is likely to be done in consultation with the ministries of home, electronics and IT and I&B besides the department of telecommunications (DoT), sources said.
Ambani cracked the group of the 10 richest people just last month. Two weeks ago, he surpassed Warren Buffett, now ranked No. 6. He overtook Elon Musk and Google co-founders Sergey Brin and Larry Page days later.
COVID-19 is not the deadliest disease to have ravaged cities through the ages. But it is showing us that they might not be as essential as they once were. Economists though still mostly expect them to bounce back, once there is a vaccine, a treatment or a successful strategy to contain the virus’s spread.
The Reliance Jio-Facebook partnership is expected to upend the digital payments sector, crowd out small players and drive consolidation, fintech experts said.
US tech titan Facebook has acquired a 9.99 per cent stake in Mukesh Ambani’s digital operation Reliance Jio, the telecom arm of Reliance Industries Ltd (RIL), for USD 5.7 billion (about Rs 43,574 crore), in a deal that puts the pre-money enterprise value of Jio Platforms at Rs 4.62 lakh crore."Facebook is teaming up with Jio Platforms. We're making a financial investment, and more than that, we're committing to work together on some major projects that will open up commerce opportunities for people across India", says Facebook CEO Mark Zuckerberg.Watch: Facebook CEO Mark Zuckerberg on Reliance Jio deal
India’s richest man, Mukesh Ambani, is bullish on small businesses and on Wednesday, he took it a step further by inking a deal with social media giant Facebook. Ambani, who wants to wield the power of his telecommunication company Jio, does not want to reinvent the wheel. In some cases he prefers to buy a stake in a startup that can play a part in his larger vision, and at other times collaborating with established companies to reach out to small businesses.
Facebook has to decide whether its approach to hateful speech and noxious content — which was to leave it alone in the name of free expression — remains tenable. And that decision puts pressure on Mark Zuckerberg, Facebook’s chief executive, who has repeatedly said that his company was not an arbiter of truth and that it would not police politicians’ posts.
Rivals like Twitter and Snap have moved to label or play down untruthful or incendiary posts from Trump on their platforms, but Facebook has resisted labeling his posts as hate speech or taking them down. Zuckerberg has defended the hands-off approach by stressing the importance of free speech and arguing that Facebook is not an arbiter of posts.
Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site.
The mobile version will cut down on glare, particularly in low-light settings.
Facebook said it would attach labels to all posts across its network that discuss the subject of voting, in a move intended to hamper any disenfranchisement of voters in the November election. The labels will direct users to accurate voting information, the company said.
Facebook says it will flag all "newsworthy" posts from politicians, including, that may incite violence, suppress voting, or break its other content rules. (AP)Facebook says it will flag all "newsworthy" posts from politicians, including President Trump
The prompt will make users rethink if the content will be relevant to their friends.
“Trump’s proclamation will hurt the US economy and destroy jobs," said Alex Nowrasteh, director of immigration studies at the Cato Institute's Centre for Global Liberty and Prosperity. BSA Software Alliance, which counts Microsoft, IBM and Intel among its members, also said the move would harm the US economy.
Sudhir Krishnaswamy, ex-PM of Denmark among members of Facebook's Oversight Board, can override Mark Zuckerberg
Brent Harris, Facebook’s director of governance and global affairs had stated in January that the company has been laying the groundwork for a new independent organisation, the Oversight Board, to review cases and make binding content decisions.
Covid-19 has dramatically accelerated tech trends that were already, subtly, reshaping our lives
The company said in a statement Thursday that the ads violated "our policy against organized hate." A Facebook executive who testified at a House Intelligence Committee hearing on Thursday said the company does not permit symbols of hateful ideology "unless they're put up with context or condemnation.''
WhatsApp has been testing its payments service in India - based on UPI - with about a million users.
Reliance Industries’ market value surged about $11 billion on the deal.
WhatsApp needs a nod from the National Payments Corporation of India to throw open the switch.
Trump's account will remain active on Snapchat, and visible to people.
FB looks to roll out payments in many countries even as licence application remains stuck in India.
Twitter's decision to step in, at a time of racially charged civil unrest in cities across the United States, escalates a feud between Trump and tech companies.
Wikipedia co-founder Jimmy Wales hit out at US President Donald Trump on his plans to regulate social media companies, stating that while social media must be careful about information on their platforms, it's not a good idea for governments to threaten them. In an exclusive interview to ET NOW, he also spoke about fighting fake news in India and tackling misinformation arising out of the Covid19 crisis.Should be fearful of Trump’s threat to crack down on social media: Wikipedia co-founder Jimmy Wales
‘The Federal Government is very powerful and they may have a lot of levers’
Through a live-streamed town hall, Facebook's CEO Mark Zuckerberg on Thursday announced that many of the employees of the tech giant will be allowed to work from home even after COVID-19 crisis. According to TechCrunch, the move comes after Twitter announced a permanent work from home for its employees and many other tech companies like Spotify following the same partially or completely.Facebook allows employees work from home permanently
The more than 600 billionaires in the United States became even richer as tech stocks rose during virus lockdowns, an analysis of data by two think-tanks. Between March 18 and May 19, their total net worth increased by $434 billion while the coronavirus pandemic caused job losses and economic agony for tens of millions of Americans.
Epic, virtual party in times of coronavirus: Michelle Obama, Mark Zuckerberg, Rihanna go online clubbing
As the world practices social distancing, many have been looking for ways to hang out virutally.
The app can be used by anyone, irrespective of whether they have a Facebook account or not.
"All the products and technology that we're building to enable that partnership (with Jio) are going to be things that we want to do around the world. So, we're excited about working with them to drive this vision forward and then extending it everywhere over the coming months and years," Zuckerberg said during an investor call.
Reliance and Facebook know a friction-less payments service is key to successful online commerce — but so are mom and pop shops. JioMart and WhatsApp’s embryonic Mumbai service is intended to first get Indians accustomed to messaged transactions with local businesses known as kirana: the tiny neighborhood stores where most Indians buy daily essentials.
Revenue growth was 18% in the first quarter, Facebook's slowest ever by a wide margin, although it beat analysts' expectations for growth of 16%, according to IBES data from Refinitiv.
Dr D helps Mark Zuckerberg confront Donald Trump.
Facebook on Friday unveiled a new video chat service with virtual "rooms" where people can pop in to visit friends, aiming at users turning to the popular Zoom platform during the pandemic.
The Reliance-Facebook deal has ensured the creation of yet another high-powered ecosystem.
Facebook and Google cornered nearly 70 per cent (Rs 11,500 crore) of online ad revenues from India in 2018-19, a market pegged at Rs 28,000 crore by 2022. The Government of India must resist a digital colonisation, where the sweat and toil of Indians is drained out of the country while local communities and businesses are destroyed.
Shares of Reliance Industries on Wednesday jumped 7.5 per cent after Facebook announced an investment of USD 5.7 billion (Rs 43,574 crore) to buy a 10 per cent stake in Jio Platforms.RIL shares rises 7.5% after Facebook deal
"RIL had restructured its digital business into one consolidated wholly-owned subsidiary - Jio Platforms - which would host all the digital initiatives of the firm, including Jio digital services (mobile, broadband), apps, tech capabilities (AI, Big Data, IoT) and investments (like Den, Hathway)," Credit Suisse said in a note.
The deal is likely to give Ambani's ambitious online grocery venture, JioMart, a huge lift. As part of the deal, JioMart will now team-up with WhatsApp to increase its outreach.
US tech titan Facebook has acquired a 9.99 per cent stake in Mukesh Ambani’s digital operation Reliance Jio, the telecom arm of Reliance Industries Ltd (RIL), for USD 5.7 billion (about Rs 43,574 crore), in a deal that puts the pre-money enterprise value of Jio Platforms at Rs 4.62 lakh crore. Here’s the video statement by Chairman & Managing Director Sh Mukesh D. Ambani.Watch: Statement by Mukesh Ambani on Facebook-Reliance Jio deal
US tech titan Facebook has acquired a 9.99 per cent stake in Mukesh Ambani’s digital operation Reliance Jio, the telecom arm of Reliance Industries Ltd (RIL), for USD 5.7 billion (about Rs 43,574 crore), in a deal that puts the pre-money enterprise value of Jio Platforms at Rs 4.62 lakh crore.Facebook acquires 9.99% stake in Reliance Jio for Rs 43,574 crore
Facebook will invest Rs 43,574 crore, largest FDI in India's technology sector.
Facebook said that when people saw those warning labels, 95% of the time they did not go on to view the original content. To date, the social media giant also removed hundreds of thousands of pieces of misinformation that could lead to imminent physical harm.
Twitter co-founder and chief executive Jack Dorsey said Tuesday he was committing $1 billion of his personal fortune to coronavirus relief through his philanthropic fund. Dorsey said in a series of tweets that he would transfer his equity in his digital payments group Square to his limited liability corporation Start Small, contributing around 28 percent of his overall wealth.
Facebook has said it would place "authoritative" coronavirus content at the top of user feeds as it scrambled to keep up with increased usage and stem the flow of misinformation on its platform and WhatsApp messaging.
The tech company had previously taken other measures to fight virus hoaxes and misinformation on the platform.
Twitter and Facebook’s rivalry just became a lot more intense.
Welch transformed GE from a maker of appliances into an industrial and financial services powerhouse.
"Right now there are two frameworks that I think people have for existing industries - there's like newspapers and existing media, and then there's the telco-type model, which is 'the data just flows through you', but you're not going to hold a telco responsible if someone says something harmful on a phone line," Zuckerberg said at the Munich Security Conference in Germany.
In a recent tweet a week ahead of his visit, Trump said: "Great honor, I think?A Mark Zuckerberg recently stated that "Donald J. Trump is Number 1 on Facebook. Number 2 is Prime Minister Modi of India.
Donald Trump cited Facebook CEO and founder Mark Zuckerberg in the tweet.
Washington has slammed the move as discriminatory, but both sides agreed last month to pursue a global framework under the aegis of the Organisation for Economic Co-operation and Development (OECD), with Paris suspending its collection of the tax until December 2020.