Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a once-in-a-century global pandemic. Mubadala said it had agreed to invest $1.2 billion in Reliance Jio Platforms […]
In India, it’s Google and Walmart-owned PhonePe that are racing neck-and-neck to be the top player in the mobile payments market, while Facebook remains mired in a regulatory maze for WhatsApp Pay’s rollout. Google Pay had more than 75 million transacting users last month, ahead of PhonePe’s 60 million users, people familiar with the companies’ figures […]
Facebook said on Wednesday it has entered into a global deal with Saregama, one of India’s oldest and largest music labels, to license its music for video and other social experiences across its eponymous service and Instagram. The partnership, which comes weeks after Swedish music giant Spotify also signed a deal with Saregama, will allow […]
Facebook is introducing a new tool to help users batch-delete old posts and shrink their digital footprint on the aging social network. Called “Manage Activity,” the new feature lets users prune their posts in bulk, making it less of a headache to delete content aging badly or anything else unnecessary that’s built up from years […]
Facebook’s R&D group, NPE Team, is launching a new app for engaging fellow fans around live events, Venue. This is the third new app to launch just this week from Facebook’s internal team focused on experimenting with new concepts in social networking. With Venue, the company aims to offer a digital companion for live events, […]
Facebook this morning announced a new feature for Messenger designed to cut down on malicious parties looking to scam users. The company scans accounts for suspicious activity, leveraging machine learning to pick up anomalies like accounts sending a large number of requests in a short time span or numerous message requests to users under 18. […]
Facebook’s internal R&D group, NPE Team, is rolling out yet another new app today called Collab after having just launched a new group audio calling app, CatchUp, on Tuesday. With Collab, the focus has now returned to video, and specifically, the concept of watching, mixing, and matching original videos together, beginning with music. In Collab, […]
When Facebook unveiled Libra, its cryptocurrency project, there were two distinct entities — the Libra Association, a not-for-profit that oversees all things Libra, and Calibra, a Facebook subsidiary that is building a Libra-based wallet with integrations in WhatsApp and Messenger. Today, Facebook announced that Calibra has a new name, Novi. By rebranding Calibra to Novi, Facebook […]
In a live-streamed town hall, Mark Zuckerberg gave an overview for what he expects in the near future as Facebook pursues accommodations to keep workers productive and safe during the COVID-19 crisis. The move comes as large tech companies reassess the viability of their iconic Silicon Valley campuses, now empty as the pandemic keeps most […]
The rationale behind the deluge of dollars flooding into billionaire Mukesh Ambani’s Reliance Jio Platforms is beginning to become more clear as his e-commerce venture JioMart starts rolling out to more people across India. An e-commerce venture between the nation’s top telecom operator Jio Platforms and top retail chain Jio Retail, JioMart just launched its […]