Tag: Meta
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South Africa announces probe into Meta and Google over news aggregation
South Africa’s Competition Commission will investigate whether digital platforms like Meta and Google were unfairly competing with news publishers.
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Meta makes its AI app public and free
Meta Platforms has built an AI, called LLaMA 2, set to rival the likes of ChatGPT and Google’s Bard.
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Meta launches Threads and racks up 30m subs
Meta on Wednesday launched Threads, a direct challenger to Twitter and racked up more than 30 million sign-ups within about 18 hours.
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Shutterstock to buy Giphy from Meta for $53M
Meta purchased Giphy in 2020, in a deal reportedly worth $400 million. Britain’s Competition and Markets Authority opened an antitrust investigation over concerns it would result in “substantial lessening of competition” in the U.K. market for GIFs, or short looping videos.
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U.S. Supreme Court sides with big tech, can’t be liable for users’ posts
The outcome is, at least for now, a victory for the tech industry, which predicted havoc on the internet if Google lost. But the high court remains free to take up the issue in a later case.
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Lay-offs are the biggest theme in tech right now
Since August 2022, there have been nearly 50,000 job cuts across the technology sector. Here’s where the tech companies in MarTech and Social Media stand.
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Meta cuts 11,000 jobs
Zuckerberg went on to explain that he miss calculated the growth Covid would have on online commerce.