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Social media platform Facebook (Now Meta) on Thursday filed its response in the Delhi High Court on the petition related to the suspension of social media accounts.Meta said that it is a private entity and does not discharge public function and therefore the jurisdiction of the High Court cannot be invoked against it. Meta opposed the petition and sought its dismissal without going into the merit of it.An affidavit filed on behalf of Meta stated that the petitioner improperly sought to invoke this court's jurisdiction…

Facebook parent Meta Platforms on Wednesday announced a sharp slowdown in hiring, ending an extended period in which the tech giant added thousands of jobs a year.“We regularly re-evaluate our talent pipeline according to our business needs and in light of the expense guidance given for this earnings period, we are slowing its growth accordingly,” a Meta spokesperson said in a statement. “However, we will continue to grow our workforce to ensure we focus on long term impact.” Facebook parent Meta Platformson Wednesday…

After a record-breaking 2021 with annual revenue of $257 billion — the first time it has gone over $200 billion for a year — Google’s parent company reports in a filing (pdf) that it has started off 2022 with Q1 revenue that’s up 23 percent from the same period last year, reaching $68 billion. However, with expenses up compared to 2021, its net profit actually dropped to $16.4 billion compared to last year’s $17.9 billion mark. In an accompanying statement, Google and Alphabet CEO Sundar Pichai said “Q1 saw strong…

Epic Games raised $2 billion (roughly Rs. 15,200 crore) from Sony and the family-owned holding company behind the Lego Group on Monday, valuing the Fortnite creator at $31.5 billion (roughly Rs. 2,39,415 crore).Sony, an existing investor, and the Kirkbi investment company each invested $1 billion (roughly Rs. 7,600 crore), Epic said, with the fundraising to help advance a metaverse partnership the company had entered into with the Lego Group earlier this month to build a metaverse for kids.Metaverse is the latest buzzword…