Highlights: Amazon, Apple, Facebook and Google CEOs grilled at US Congress hearing over their market power
Congressional lawmakers finally go...
Facebook set to expand WhatsApp's commerce partnerships in India, then take it global
In April, Facebook announced investments of $ $5.7 bill...
Facebook, Google bet on Jio pact to tap into opportunities in India; plan to take solutions global
Facebook CEO Mark Zuckerberg said the part...
Facebook to get rights to show music videos
Bloomberg reported in December that Facebook was looking to acquire rights to music videos from major record labels to boost its Watch video service, while TechCrunch earlier this month said that it could launch licensed music videos in the United States in August.
India seeks to limit Facebook, Amazon, Google dominance over online data
The document named U.S. giants Facebook Inc., Amazon.com Inc., Uber Technologies Inc. and Alphabet Inc.’s Google as the beneficiaries of first-mover advantages and network effects that have “left many new entrants and start-ups being squeezed and faced with significant entry barriers.”
Google to seek CCI approval to get a board seat in Jio Platforms for buying 7.73% stake
The CCI permission is needed as both companies have access to large amounts of customer data through their presence in the mobility segment, in addition to their large assets and turnover.
Google, Facebook's Jio investments to open access door to the largest open internet market
According to experts, while Facebook’s WhatsApp will drive payments for Reliance’s retail initiatives, Google will build an affordable Android smartphone which may allow close to 350 million people to get a taste of the Internet for the first time. They are also of the view that three companies have complementary offerings.
The pertinent question of the hour: How fair are practices of tech giants in India?
Investors and entrepreneurs agree that while India needs to attract more foreign investment, it also has to build a clearer regulatory system to safeguard national interest - a system that strikes a balance between the needs of nurturing local businesses and making India attractive to investors from abroad.
CCI okays Facebook's investment of Rs 43,574 crore in Jio Platforms
On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.
Facebook fails to appease organizers of ad boycott
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.
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.
Antitrust hearing: 4 Big Tech CEOs take heat during US Congress grilling on market power, influence
Four Big Tech CEOs - Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple - are testifying on thei...
Facebook hires three new directors for India
Manohar Hotchandani joins Facebook as director, business development and will be working across multiple opportunities in India, with a focus on growing gaming, commerce, AR/VR, Facebook said.
Another cheque for Ambani? Google in advanced talks to invest $4 billion in Reliance Jio: Reports
Google is in advanced talks to buy a stake in Reliance Industries digital arm Jio Platforms, according to a Bloomberg report. The search gia...
Big cheque for Mukesh Ambani? Google reportedly in advanced talks to invest $4 billion in Jio
Google has pledged $10 bn in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the world’s fifth-largest economy that is emerging as a battleground for global internet giants.