News for 'mark-zuckerberg'

How year's most extravagant wedding was made secure

How year's most extravagant wedding was made secure

Rediff.com14 Jul 2024

Three different invitations were sent out for the wedding and the receptions with top-run guests being sent a large red box that contained an intricate chest incorporating a mini silver temple featuring gold idols of various Hindu deities, including Lord Ganesh, Radha-Krishna, and Goddess Durga.

Meta And Google Get Ready For Lok Sabha Polls

Meta And Google Get Ready For Lok Sabha Polls

Rediff.com30 Mar 2024

Meta is working closely with the Election Commission. This enables the Commission to flag unlawful content.

15 quotes reveal Facebook's Mark Zuckerberg's story

15 quotes reveal Facebook's Mark Zuckerberg's story

Rediff.com12 Feb 2013

Let's take a look at 15 quotes that define Mark Zuckerberg's life and business.

ChatGPT-maker fires CEO Sam Altman, co-founder quits

ChatGPT-maker fires CEO Sam Altman, co-founder quits

Rediff.com18 Nov 2023

Just last week, Altman presented OpenAI's new roadmap to enthusiastic developers at the company's inaugural conference.

Facebook follows Twitter, set for huge layoffs: WSJ

Facebook follows Twitter, set for huge layoffs: WSJ

Rediff.com7 Nov 2022

After job cuts at Twitter, Facebook's parent company Meta is planning to begin "large-scale layoffs" this week in what could be the largest reduction to date at a "major technology corporation in a year that has seen a tech-industry retrenchment," a media report said.

Facebook parent Meta to slash 11,000 jobs to cut expenses, transform its business model

Facebook parent Meta to slash 11,000 jobs to cut expenses, transform its business model

Rediff.com9 Nov 2022

Facebook parent Meta announced on Wednesday to slash around 11,000 jobs as a part of mass layoffs to cut expenses and transform its business model. As the tech industry is slashing jobs, Meta too announced layoffs. "We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1," said Meta CEO Mark Zuckerberg in a statement on Wednesday.

Meta launches Twitter's rival app, Threads

Meta launches Twitter's rival app, Threads

Rediff.com6 Jul 2023

Instagram, owned by the tech giant Meta, on Wednesday, unveiled its new app called 'Threads' a new app designed to directly compete with Elon Musk's Twitter. According to The Hollywood Reporter, a US-based media house, Meta Platforms Inc. CEO Mark Zuckerberg announced the launch, framing Threads as "a new, separate space for real-time updates and public conversations." Threads will be linked to users' Instagram profiles, making it simple to connect with followers, prominent personalities, or brands.

Assembly Polls: What Google, Meta Are Up To

Assembly Polls: What Google, Meta Are Up To

Rediff.com6 Nov 2023

'There is a huge risk of misinformation and disinformation, and targeted campaigns that could potentially happen against candidates or to push certain narratives.'

Byju's founder Raveendran keen to raise funds

Byju's founder Raveendran keen to raise funds

Rediff.com4 Jan 2023

Edtech major Byju's founders Byju Raveendran and Divya Gokulnath are planning to increase their stake in the company to about 40 per cent and have initiated discussion with investors, sources aware of the development said on Wednesday. The founders jointly hold around 25 per cent stake in the company at present. "There is an intention of Byju's founders to double their stake in the company.

Facebook renamed as 'Meta' in rebranding exercise

Facebook renamed as 'Meta' in rebranding exercise

Rediff.com29 Oct 2021

The change comes with a new logo designed like an infinity-shaped symbol, slightly askew, almost like a pretzel.

Meta expands WhatsApp payments service in India

Meta expands WhatsApp payments service in India

Rediff.com20 Sep 2023

WhatsApp on Wednesday announced the expansion of its payments service in India to make it easier for people transacting with businesses to pay for purchases directly in the chat, with a choice of UPI apps, including rival digital payment options, as well as credit and debit cards. Meta founder and CEO Mark Zuckerberg asserted that India is leading the world in people and businesses embracing messaging. WhatsApp said it is working with partners Razorpay and PayU "to make paying for something as simple as sending a message", as the Meta-owned platform unveiled a host of new features to woo businesses in India's booming commerce market.

Third round of layoffs: Meta's senior India executives get pink slips

Third round of layoffs: Meta's senior India executives get pink slips

Rediff.com27 May 2023

With the third and final round of layoffs implemented by Facebook's parent company Meta Platforms, Inc. in process globally, India, too, has seen its impact, with some senior executives being asked to leave. Some of the executives to have been impacted are Avinash Pant, India's director of marketing; Saket Jha Sourabh, director and head of media partnerships; and Amrita Mukherjee, one of the directors on the legal team. An email sent to the company did not elicit any comment on the development until the time of going to press.

Meta Platforms' India staffers on edge over layoff media reports

Meta Platforms' India staffers on edge over layoff media reports

Rediff.com8 Nov 2022

US media reports that Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, could be the latest technology giant to downsize its workforce have triggered trepidation among its 300-400 employees in India, according to people familiar with the matter. "We have not heard much about the impact (of downsizing) on India. "It's a wait-and-watch situation. Certainly, there is uncertainty," said a source.

US lawmakers batter Big Tech CEOs on issue of competition

US lawmakers batter Big Tech CEOs on issue of competition

Rediff.com30 Jul 2020

The CEOs of four tech giants -- Amazon, Apple, Facebook and Google -- appeared before the House Judiciary Subcommittee on Antitrust, Commercial, and Administrative Law on Wednesday to address concerns that their businesses may be harming competition.

Zuckerberg lauds India's entrepreneurial spirit

Zuckerberg lauds India's entrepreneurial spirit

Rediff.com15 Dec 2021

Meta (formerly Facebook) founder Mark Zuckerberg on Wednesday said India's entrepreneurial spirit and massive scale is fuelling optimism about the future and the opportunities that the country presents. Speaking at Meta's Fuel for India 2021, Zuckerberg also said he is excited about the role that India will play in building the metaverse. Metaverse refers to a combination of multiple technologies, including virtual reality, augmented reality and video where users "live" within a digital universe.

Can Threads Be The 'Twitter Killer'?

Can Threads Be The 'Twitter Killer'?

Rediff.com24 Jul 2023

'If Threads doesn't become a distinct identity, and just a text version in the shadows of Instagram, then it may fizzle out.'

Coming Soon: 'Trusted Fact Checkers'

Coming Soon: 'Trusted Fact Checkers'

Rediff.com4 Mar 2023

The government wants a collaborative model with a public-private partnership to fact-check social media content.

Microsoft to axe 10,000 jobs, nearly 5% of global workforce

Microsoft to axe 10,000 jobs, nearly 5% of global workforce

Rediff.com18 Jan 2023

Microsoft will lay off 10,000 workers, about five per cent of its total workforce, its CEO Satya Nadella announced on Wednesday, terming it a hard choice that the tech giant had to make to remain a "consequential company" amid global economic uncertainties. Microsoft is the latest company after Facebook and Amazon to cut jobs as the bloodbath continues in the technology sector in 2023. Describing the current times as "significant change", Indian-origin Nadella said customers who accelerated their digital spend during the Covid-19 pandemic, are now optimising their digital spend to do more with less.

Half Pants Full Pants Review: Memorable!

Half Pants Full Pants Review: Memorable!

Rediff.com20 Dec 2022

Half Pants Full Pants will instantly warm your heart, Divya Nair tells us.

It's an honour that I'm no. 1, Modi no. 2 on Facebook: Trump

It's an honour that I'm no. 1, Modi no. 2 on Facebook: Trump

Rediff.com15 Feb 2020

Taking to Twitter, he claimed to be the number one on Facebook, citing a remark of Mark Zuckerberg, co-founder and Chief Executive Officer of the social media company. This is not the first time that the US President has claimed to be the number one and Prime Minister Modi number two on their popularity on Facebook.

Facebook's parent Meta to fire another 10,000 people

Facebook's parent Meta to fire another 10,000 people

Rediff.com14 Mar 2023

Facebook's parent company Meta announced on Tuesday it will fire another 10,000 people, implementing a second round of jobs cuts after it slashed 11,000 positions in November last year, to improve its financial performance in a "difficult environment". Meta founder Mark Zuckerberg said in a post that overall "we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven't yet hired." The company has said that in its "Year of Efficiency", the company aims to make itself "a better technology company and to improve our financial performance in a difficult environment so we can execute our long-term vision."

'Congress is fighting with bows and arrows whereas BJP has cannons'

'Congress is fighting with bows and arrows whereas BJP has cannons'

Rediff.com23 Aug 2023

'The Congress is not pragmatic about politics or about people.' 'Rahul's intention is good, but good intention does not win you elections.'

Google to axe 12,000 workers; CEO Pichai says 'sorry'

Google to axe 12,000 workers; CEO Pichai says 'sorry'

Rediff.com20 Jan 2023

Google will lay off 12,000 jobs across the globe, its CEO Sundar Pichai announced on Friday, becoming the latest tech giant after Microsoft, Facebook and Amazon to retrench staff en mass amid the global economic downturn. In an email to employees, the Indian-origin CEO said: "I have some difficult news to share. We've decided to reduce our workforce by approximately 12,000 roles." Pichai said the layoffs at Google were carried out after a "rigorous review" of its operations.

India will be among top 3 economies in 2 decades: Ambani

India will be among top 3 economies in 2 decades: Ambani

Rediff.com15 Dec 2020

Richest Indian Mukesh Ambani on Tuesday said India will grow to be among the top three economies in the world in the next two decades and per capita income would more than double. At a fireside chat with Facebook head Mark Zuckerberg, he said India's middle-class, which is about 50 per cent of the nation's total number of households, will grow three to four per cent per year.

Meta partners with Reliance Jiomart to offer grocery shopping on WhatsApp

Meta partners with Reliance Jiomart to offer grocery shopping on WhatsApp

Rediff.com30 Aug 2022

Meta Platforms Inc, the parent company of WhatsApp, will partner with Reliance JioMart for a service where WhatsApp users can buy groceries on the messaging platform from the Indian retail firm. Mark Zuckerberg, chief executive officer (CEO) of Meta Platforms, said in a Facebook post, "[I am] Excited to launch our partnership with JioMart in India. "This is our first-ever end-to-end shopping experience on WhatsApp--people can now buy groceries from JioMart right in a chat." "Business messaging is an area with real momentum and chat-based experiences like this will be the go-to way people and businesses communicate in the years to come," he said in an announcement coinciding with the annual general Meeting (AGM) of Reliance Industries the parent company of JioMart.

Real Heroes Of Web Revolution

Real Heroes Of Web Revolution

Rediff.com21 Mar 2023

The tech creators, or the ones who made billions, asks Ajit Balakrishnan.

Facebook responds to Cong's charge of political bias

Facebook responds to Cong's charge of political bias

Rediff.com3 Sep 2020

The Congress accused Facebook of interfering in India's democratic process and social harmony and being soft on members of the ruling BJP on applying its hate-speech rules.

Quiz: What's Goblin Mode?

Quiz: What's Goblin Mode?

Rediff.com13 Dec 2022

Do you know what the Oxford Word Of The Year means?

Global wealth up 9.8% YoY at $463.6 trn in 2021; India, China lead the way

Global wealth up 9.8% YoY at $463.6 trn in 2021; India, China lead the way

Rediff.com28 Sep 2022

India witnessed a 12 per cent year-on-year (YoY) jump in total household wealth last year, at $14,225 billion, according to the Global Wealth Report 2022 by Credit Suisse. The report also forecasts the number of millionaires in the country to more than double from 796,000 in 2021 to 1.6 million in 2026. According to the report, which is based on data for the wealth holdings of 5.3 billion adults across nearly 200 countries, global household wealth rose 9.8 per cent in 2021 to $463.6 trillion, driven by widespread gains in share prices and a favourable environment created by central bank policies in 2020 to lower interest rates but at the cost of inflationary pressure.

The T-Shirt Wars

The T-Shirt Wars

Rediff.com17 May 2022

Ajit Balakrishnan on the evolution of a cultural symbol.

We curb hate speech, but there is more to do: Facebook

We curb hate speech, but there is more to do: Facebook

Rediff.com17 Aug 2020

The social media giant counts India among its largest markets globally

'There is a general decline in hiring'

'There is a general decline in hiring'

Rediff.com27 Feb 2023

'A start-up with 100 people has reduced the strength to 60-80 people to reduce cost.' 'Even if there is attrition, they prefer not to replace them.'

With $2 bn in charity, Jeff Bezos is top donor of 2018

With $2 bn in charity, Jeff Bezos is top donor of 2018

Rediff.com26 Feb 2019

Surprisingly, Jeff Bezos is the new entrant to the list and ends up holding the first position.

Pandemic boom to layoff season: How Big Tech, start-ups got it wrong

Pandemic boom to layoff season: How Big Tech, start-ups got it wrong

Rediff.com17 Nov 2022

Mark Zuckerberg, founder and CEO of Meta, summed it up well as he explained the reason for the company sacking 13 per cent of its employees. He said no one predicted that the boom for digital services during the Covid pandemic would die out. "Many people predicted this would be a permanent acceleration that would continue even after the pandemic ended.

Why this young billionaire always wears simple grey T-shirts!

Why this young billionaire always wears simple grey T-shirts!

Rediff.com11 Nov 2014

Facebook CEO Mark Zuckerberg revealed that he wears the same colour to avoid wasting time.

Worried About Losing Your Job?

Worried About Losing Your Job?

Rediff.com20 Dec 2022

The first step to keeping your job safe, experts tell Rediff.com's Divya Nair, is understanding why layoffs happen.

Did FB fail to stop hate-filled user content in India?

Did FB fail to stop hate-filled user content in India?

Rediff.com24 Oct 2021

Internal documents at Facebook show "a struggle with misinformation, hate speech and celebrations of violence" in India, the company's biggest market, with researchers at the social media giant pointing out that there are groups and pages "replete with inflammatory and misleading anti-Muslim content" on its platform, US media reports have said.

'Facebook layoffs may hit H-1B workers hard'

'Facebook layoffs may hit H-1B workers hard'

Rediff.com9 Nov 2022

As large-scale layoffs begin at Facebook's parent company Meta, employees on work visas such as H-1Bs are now faced with uncertainty over their immigration status, with CEO Mark Zuckerberg acknowledging "this is especially difficult if you're here on a visa" and offering support to those impacted. Meta announced that it is laying off 11,000 employees or 13 per cent of its workforce, with Zuckerberg describing it as "some of the most difficult changes we've made in Meta's history." US-based technology companies hire a large amount of H-1B workers, the majority of whom come from countries such as India.

MP court summons Zuckerberg over a complaint

MP court summons Zuckerberg over a complaint

Rediff.com27 Apr 2018

In the suit, Rai said Facebook had stopped midway his paid advertisement campaign aimed at promoting his portal.

Zuckerberg won't sell Facebook stock for 1 year

Zuckerberg won't sell Facebook stock for 1 year

Rediff.com5 Sep 2012

Zuckerberg currently holds around 444 million shares of Class B common stock as well as 60 million shares of Class B common stock issuable upon the exercise of an option.