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Sequoia put $60 million into WhatsApp before its boom. Years later, Facebook agreed to buy the messaging app for $19 billionSequoia Capital invested approximately $60 million in WhatsApp through multiple funding rounds. Facebook later acquired WhatsApp for $19 bi...- Meta misled consumers in case over Cambridge Analytica scandal, New Mexico jury saysThe verdict followed a two-week trial over a lawsuit filed by New Mexico's attorney general in 2021, three years after news reports reveale...
- Crypto's shopping hack; Centre eyes Meta child safeguardsIndians are buying groceries, fuel, food and gold via gift cards on overseas crypto platforms. This and more in today's ETtech Top 5.
- What's the latest in the trials over claims social media is hurting children?The social media companies have denied allegations that their products have contributed to depression, anxiety, body-image issues and a bro...
- Meta, YouTube, TikTok face thousands of lawsuits in the US over kids’ mental health: What we knowMajor social media firms face thousands of lawsuits across the United States. These legal actions allege platforms are designed to addict y...
- Former WhatsApp CBO Neeraj Arora opens up on historic Facebook acquisition, says nobody knew it would turn into 'Frankenstein devouring user data'Neeraj Arora took to LinkedIn to share a lengthy post expressing regret over the deal.
- WhatsApp tests in-app business directory in Brazil, India and Indonesia nextThe test in Sao Paulo, Brazil, which allows WhatsApp users to find shops and services through a directory within the app, is the latest fea...
- Jio and Facebook to accelerate India’s $5 trillion economy push: Mukesh AmbaniOpening up on the potential of a technology-enabled ecosystem in propelling the economic growth of a highly diversified nation Ambani said ...
- Facebook set to expand WhatsApp's commerce partnerships in India, then take it globalIn April, Facebook announced investments of $ $5.7 billion in Jio Platforms Limited, part of Reliance Industries Limited, making Facebook i...
- View: The coming Facebook-Jio stress test for the CCIReliance Jio will approach the Competition Commission of India to clear its Facebook deal.
- Reliance starts using WhatsApp for grocery deliveries but model to evolveJioMart, an e-commerce venture of Reliance Retail, is taking grocery orders on WhatsApp.
- Dealmaking in times of corona: Facebook-Jio sets new benchmark for remote negotiationsWhile Bank of America was the exclusive financial advisor to Facebook for this transaction, Morgan Stanley advised Reliance Industries. AZB...
- Deal with Zuckerberg may have put Ambani in line for India grocery crownThe deal is likely to give Ambani's ambitious online grocery venture, JioMart, a huge lift. As part of the deal, JioMart will now team-up w...
- Users want no curbs on ecommerce deals, cashbacksConsumers say that the ecommerce sector should be regulated, and any policy should cover both products and services aspects of the ecommerc...
- WhatsApp CEO reassures users on privacy, says won’t collect new dataKoum's reassurance on privacy came after speculation that WhatsApp would start collecting more user data due to its acquisition by Facebook.
- Facebook-WhatsApp deal may face detailed CCI scrutinyFacebook's $19 billion deal (Rs 1,16,000 crore) to acquire WhatsApp may face a detailed scrutiny by the country's fair trade regulator CCI.
- WhatsApp deal: Facebook’s future lies in investing in R&DWhen seen in the context of the social network’s ongoing strategic plan, its most recent acquisition deserves both criticism and praise in ...
- How exactly are new economy deals valued?Hotmail would have died out if Microsoft hadn’t bought the email service. And it later proved to be a great bet for the company.
- How will Facebook monetize WhatsApp?While direct advertising seems off the table for now, here are some possible ways that Facebook can use for monetizing WhatsApp.
- Facebook to buy WhatsApp for $19 billion: What Mark Zuckerberg has to sayWhatsApp will continue to operate independently within Facebook. The product roadmap will remain unchanged, he said.
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