Forecast, a new project from Facebook’s internal R&D group, NPE Team, is launching today to build a community around predictions. The iOS app will allow users to ask questions and then use in-app points to make predictions about what might happen in the future. Users can also create, discuss and view these crowdsourced predictions. At […]
Brazil, the second largest market for WhatsApp, has suspended the instant messaging app’s mobile payments service in the country a week after its rollout in what is the latest setback for Facebook. In a statement, Brazil’s central bank said it was taking the decision to “preserve an adequate competitive environment” in the mobile payments space […]
India’s antitrust watchdog has given its blessing to Facebook and Reliance Jio Platforms for their $5.7 billion deal. In a statement on Wednesday, the Competition Commission of India said it had approved Facebook’s proposed multi-billion-dollar investment in Jio Platforms for a 9.99% stake in the top Indian telecom network. Jaadhu Holdings LLC, a wholly owned […]
Facebook announced Thursday that it would introduce a notification screen warning users if they try to share content that’s more than 90 days old. They’ll be given the choice to “go back” or to click through if they’d still like to share the story knowing that it isn’t fresh. Facebook acknowledged that old stories shared […]
Facebook shifts its VR strategy, WhatsApp’s payment service hits a snag in Brazil and we look at how Trump’s visa ban will affect Silicon Valley. Here’s your Daily Crunch for June 24, 2020. 1. Facebook kills off its cheapest VR headset Just two years after launching the Oculus Go, Facebook announced that it’s discontinuing the […]
Facebook’s $5.7 billion investment in India’s Reliance Jio Platforms that could help the American social media juggernaut make inroads into tens of millions of shops in the country is being reviewed by the local antitrust watchdog. The Competition Commission of India (CCI) said on Wednesday that it is reviewing Facebook’s proposed multi-billion-dollar investment in Reliance Jio […]
Facebook’s Collections, which allow users to organize content found on Facebook — like posts, photos, videos and more — are now becoming more broadly shareable. The company says it’s currently testing a feature in the U.S. market that will allow Facebook users to share curated collections with friends, contributors or even the public. Prior to […]
Facebook removed a cluster of incendiary Trump campaign ads Thursday for violating its rules against hate group imagery. The campaign’s ads attacked antifa, the decentralized anti-fascist movement and a frequent target of the president’s ire, with imagery of an upside-down red triangle — a well-documented symbol worn by political prisoners held in Nazi concentration camps. […]
If your venture fund was not one of the ten investors that backed Reliance Jio Platforms in recent weeks, you won’t be able to plough cash into the fast-growing top Indian telecom network for at least a few quarters now as it is no longer scouting for fresh deals. Reliance Jio Platforms, which has raised […]
Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. Saudi Arabia’s Public Investment Fund, one of the world’s largest sovereign wealth funds, said on Thursday it will invest $1.5 billion in Jio Platforms for a 2.32% stake […]