BUSINESS
Meta's short video feature Reels hits $3 billion annual revenue run rate: Mark Zuckerberg
Meta expects Reels to be a big money spinner in the long term, but it will pose a challenge to the company's revenue growth in the near term
BUSINESS
Meta to 'dramatically' slow hiring, keep headcount growth flat till the end of 2023
CEO Mark Zuckerberg has said the company will focus its investments on a small number of high-priority growth areas in 2023
BUSINESS
Demand from India helps Spotify grow its user base to 456 million
Spotify will be more selective with their overall spending going forward, said chief executive Daniel Ek.
BUSINESS
Google reacts to CCI order on Play Store policies, says it is evaluating next steps
CCI has directed Google not to restrict app developers from using any third-party billing or payment processing services to purchase apps or for in-app billing on Google Play.
BUSINESS
Alphabet to cut down headcount growth by a half in fourth quarter
Sundar Pichai said that they have begun a push to drive efficiency by realigning resources to invest in their "biggest growth opportunities"
BUSINESS
CCI imposes Rs 936.44 crore fine on Google for abusing its dominance on Play Store policies
This penalty comes on the heels of CCI imposing a fine of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem on October 20.
BUSINESS
We're very focused on scaling up our existing verticals: Nazara founder Nitish Mittersain
The recent Tamil Nadu gambling ban will result in a revenue hit, but the impact will be limited, said Nitish Mittersain
BUSINESS
Google says CCI penalty a 'major setback' for Indian consumers & businesses, will evaluate next steps
CCI had imposed a penalty of Rs 1,337.76 crore on Google for abusing its dominant position in multiple markets in the Android Mobile device ecosystem, apart from issuing a cease and desist order
BUSINESS
Nazara Technologies CEO Manish Agarwal to step down
Nazara founder Nitish Mittersain will be taking over as the chief executive officer from December 1
BUSINESS
Google rolls out My Ad Center to help users better control their ad experiences
My Ad Center expands on the company's privacy controls by enabling users choose to see more ads from the brands and topics they like and less from the ones they don't
STARTUP
Sachin Tendulkar backs cricket NFT platform Rario
Tendulkar will act as a brand ambassador for the startup and exclusively offer his own digital collectibles on the platform.
BUSINESS
E-Gaming Federation to file lawsuit against Tamil Nadu's online gambling ban
The Tamil Nadu government passed an ordinance earlier this month to prohibit online gambling, classifying online rummy and poker as "online games of chance."
BUSINESS
For Netflix, Asia-Pacific drive subscriber growth in Q3
Netflix's average revenue per member declined by 3 percent YoY in Asia Pacific, driven by lower per-member revenue in India, likely due to price cuts last year
BUSINESS
Instagram extends its age verification test to India
The test requires any user who attempts to change their date of birth from under 18 to 18 or older to verify their age
BUSINESS
Meta buys three VR game studios, adds Iron Man, Among Us to gaming line-up
Users have spent about $1.5 billion on games and apps on the Quest Store to date, the company said.
BUSINESS
Meta partners with Microsoft to bolster its future of work efforts in metaverse
Meta and Microsoft will also work with Accenture to help companies create products and services in the metaverse in the coming year.
BUSINESS
Google extends its loyalty programme Play Points to India
Google Play Points allows users to earn points for purchases of digital content, in-app items, and downloads from the Google Play Store
BUSINESS
Tamil Nadu gambling law: Online rummy, poker firms block users from playing real money games
The Tamil Nadu government passed an ordinance earlier this month to prohibit online gambling, classifying online rummy and poker as "online games of chance."
BUSINESS
Tamil Nadu to ban online rummy and poker games
South India is a particularly important market for skill-based games such as Rummy, which has a significant penetration in these states.
STARTUP
Dailyhunt to make LinkedIn's news insights available on its app
As part of this partnership, Dailyhunt's English language users will be able to access LinkedIn News stories in their news feed.
BUSINESS
Google plans to make its search experience more visual and interactive with new features
In this new era of search, people will be able to find exactly what they are looking for by combining images, sounds, text and speech, says Google's Prabhakar Raghavan.
BUSINESS
Shorts is helping us go deeper into India's hinterlands: YouTube's Ajay Vidyasagar
The video-sharing platform will start sharing advertising revenues with Shorts creators from early 2023. Those with more than 1,000 subscribers and at least 10 million views on their short videos over 90 days will be eligible.
BUSINESS
Apple iPhone 14 will be made in India but here's why it is unlikely to get cheaper
The move could be a huge boost to India's ambitions to become a global manufacturing hub
BUSINESS
Tamil Nadu cabinet passes ordinance to ban online games with stakes
Tamil Nadu government had earlier filed a petition challenging the Madras High Court's judgement that had struck down the state's ban on online gambling in August 2021.
