The Competition Commission of India (CCI), the nation’s antitrust police, is investigating Facebook Inc.’s purchase of a 10 percent stake in Reliance Jio Infocomm Ltd.’s digital assets. Commission Chairman Ashok Kumar Gupta told Bloomberg News the role of the panel is to prevent misuse of...
Facebook is drawing scrutiny from U.K. regulators. The United Kingdom’s competition watchdog is investigating Facebook’s recent purchase of Giphy, the animated picture platform. The Competition and Markets Authority (CMA) announced Friday (June 12) the probe will determine whether the transaction will reduce competition and raise prices for...
Facebook has launched, what it calls, a new way to train artificial intelligence (AI) in chatbots. Researchers at the social network giant described how data about human conversations is the key to improve shopping chatbots, according to a technical report shared by VentureBeat. Dubbed “Situated...
Facebook is introducing the world to Venue, an app designed to offer at-home users a digital second-screen experience at live events. Instead of livestreaming events directly, Venue was created as a platform that allows various expert hosts – journalists, athletes, social media personalities, etc. – to...
Facebook has a new app called CatchUp, which the company said it hopes will make audio-only phone calls easier, TechCrunch reported. The unique part of the app, according to TechCrunch, is that it will flag which users are currently available to chat. The app will...
Facebook’s blockchain division, Calibra, will get a new name as a way to distance it from Facebook’s Libra digital currency, according to a Bloomberg report on Tuesday (May 26). “The blockchain team is building a digital wallet for Facebook’s apps, which will eventually hold the...
Facebook COO Sheryl Sandberg announced Thursday (May 21) that the social media giant would be awarding $20 million to U.S. businesses owned by minorities, women and veterans, according to CNBC. The giveaway is based on those groups often taking the worst brunt in crises like...
To enable businesses to more easily list their merchandise on its social media platforms, Facebook has unveiled Facebook Shops. The free feature will allow companies to place product listings on their Facebook Page, Instagram profiles and stories, or in ads, CNBC reported. The social media company had allowed companies...
Thierry Breton, EU tech chief, warns of more regulations for Facebook if the social media giant doesn’t mitigate apprehension about its market power and abuses on its platform, according to Bloomberg. In an online debate with Facebook CEO Mark Zuckerberg, Breton said Zuckerberg, and no...