Tag: Facebook
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Government slaps 21% VAT on Facebook advertisement from August 1
Government has imposed a 21 percent VAT on advertisement on social media platform, Facebook. The newly introduced charge takes effect from August 1, 2023, and applies to both business and personal advertisements. This was announced today by Meta, the parent company of Facebook. By this, all advertisers with a business country of Ghana will be…
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Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company
Employees from Facebook and Instragram met virtually in November to generate ideas around building a text-based app that could take on Twitter, the Times reported. “Twitter is in crisis and Meta needs its mojo back,” one Meta employee wrote in a post, per The Times. “LET’S GO FOR THEIR BREAD AND BUTTER.” At the brainstorming…
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Facebook to end use of facial recognition software
Facebook has announced it will no longer use facial-recognition software to identify faces in photographs and videos. There have been growing concerns about the ethics of facial recognition technology, with questions raised over privacy, racial bias, and accuracy. Regulators had not yet provided a clear set of rules over how it should be used, the…
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Facebook, WhatsApp and Instagram back online after widespread outage
Social media giants–Facebook, WhatsApp and Instagram are back online after a widespread outage on Monday, October 4, 2021. The social media apps were offline for about six hours. They used Twitter to update their subscribers on the development. A lot of people took to Twitter to make jokes about the situation, as the impact of…
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WhatsApp, Facebook and Instagram hit by worldwide outage
Social media services Facebook, Whatsapp and Instagram have been hit by a worldwide outage. The three social media services, all owned by Facebook, run on a shared back end infrastructure and for hours on Monday could not be accessed over the web or smartphone apps. The situation has since left users of the platform across…
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Zuckerberg now worth more than $100bn as Facebook stock rose due to release of TikTok rival, Instagram Reels
Facebook founder and CEO Mark Zuckerberg’s net worth surpassed $100 billion for the first time on Thursday after the company released its TikTok competitor, Reels. Optimism in Facebook Inc. hit record levels following the release of the new Instagram feature which comes as TikTok faces a possible ban in the U.S. as the Trump administration…
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Zuckerberg loses $7 billion as firms boycott facebook ads
Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would…
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WhatsApp and Instagram to undergo a Facebook face-lift
While it’s no secret that Facebook owns both WhatsApp and Instagram – it would seem that the social media giant doesn’t want anyone to forget it. In a move that is all part of Facebook’s attempt to (1) create a clear distinction between Facebook the corporation and Facebook the social media platform and (2) to…
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Facebook bans ‘dangerous individuals’
Facebook is banning several prominent figures it regards as “dangerous individuals”. The social network accused Alex Jones, host of right-wing conspiracy website InfoWars, its UK editor Paul Joseph Watson and ex-Breitbart News editor Milo Yiannopoulos of hate speech. Louis Farrakhan, the Nation of Islam leader who has expressed anti-Semitic views, will also be excluded. Facebook has…