Tag: Facebook

Parliamentary panel asked to summon Google, Amazon, Facebook, others to probe competitive behavior

The Parliamentary Standing Committee on Finance has decided to summon representatives of the world’s leading social media platforms and search engines on issues related to their competitive practices. Google, Facebook, Twitter, Apple, Amazon, Flipkart and Microsoft are likely to be summoned in the next meeting. The above development comes soon after Elon Musk took over […]

TikTok surpasses Instagram to emerge as most downloaded app worldwide in Q1 2022: Sensor Tower

According to a report by app market intelligence firm Sensor Tower, TikTok overtook Instagram to become the world’s most downloaded app in the first quarter of 2022. The short-video app, which has been banned in India, remained among the top-five top downloaded apps worldwide. However, Meta – the parent company of Facebook, Instagram and WhatsApp […]

Meta’s Reality Labs Division Reports Loss of $2.9 Billion in Q1 of 2022, Zuckerberg Still Optimistic

Facebook owner Meta has revealed in an earnings report that its virtual and augmented reality division, Reality Labs, reported a loss of around $2.9 billion (about Rs 22,970 crore) in the first quarter of 2022. According to the report released on Wednesday, Reality Labs has brought in. in revenue of $695 million (about Rs 5,320 […]