At the center of the case are two pivotal acquisitions: Instagram, purchased in 2012 for $1 billion in cash and stock, and WhatsApp, acquired two years later for $22 billion.
Category: Social Media
“Bent, Not Broken”: Ranveer Allahbadia hints at reinvention amid ongoing legal scrutiny
In a recent Instagram post, Allahbadia shared a reflective message signaling personal transformation and resilience. He wrote, “Bent, not broken. Still gotta change the world.”
Instagram tests ‘Locked Reels’; aims to boost creator engagement through secret codes
In this early test, users are greeted with a prompt to “Enter secret code,” accompanied by a hint like “1st # in the caption.” Once the correct answer is entered, in this case, “threads”, the content unlocks, revealing a teaser for the Design account’s launch on Threads.
Virat Kohli revamps Instagram; personal feed now free of brand promotions
Some wondered whether the cricketer is stepping away from brand deals altogether, but a closer look reveals that the ads haven’t disappeared, they’ve just moved.
Microsoft sacks two employees for protesting at 50th anniversary event
The protests add to the growing wave of employee-led activism in the tech industry regarding corporate involvement in defence and international conflicts.
WPP drops Diversity, Equity, and Inclusion language amid political headwinds
In the latest annual report, released on March 28, WPP’s chief executive, Mark Read, acknowledged shifting political dynamics, writing that “much has changed over the last year.”
WPP’s Mark Read stresses on ‘more efficient operations and strict capital allocation’ amid market pressures
The world’s largest holding company’s CEO is betting big on tech and creativity amid market pressures. In his annual statement, Mark Read said the company plans to increase annual investment in WPP Open from £250 million in 2024 to £300 million in 2025.
Kunal Kamra calls out T-Series for copyright notice over “gaddar” video
Comedian Kunal Kamra faces legal trouble as T-Series issues copyright infringement notice against his parody video, as he continues to stand firm following threats and vandalism.
Dream team behind Dream11’s blockbuster IPL campaign joins Storyboard18’s Global Pioneers Summit
Creative leaders Adarsh Atal and Shriram Iyer will be joined by celebrated filmmaker Nitesh Tiwari. They will take the stage at Storyboard18’s Global Pioneers Summit on March 28 to discuss the making of Dream11’s iconic campaign.
Reddit’s urban surge: 37% visitor growth fuels political, news hub status
Interestingly, Tumblr experienced a staggering resurgence, jumping from just 1.2 million to 15.7 million users, representing a massive 1161% year-on-year growth, according to a report by Comscore.