Facebook's $5.7 billion investment in Reliance promises to be the biggest headache yet for Paytm, a pioneer in India's digital payments market but which has been losing ground to rivals with deeper pockets.
Facebook will spend $5.7 billion to take just under 10% of Reliance Industries' digital unit, seeking to roll out services for small businesses by capitalising upon WhatsApp's already extensive reach within India.
Keeping any business alive these days is no easy task, doubly so for a family business like Missoni. We caught up with Angela Missoni, creative director and daughter of the founder Rosita, for her take.
Market research firm Kantar has carried out a survey of the expectations of 25,000 interviewees in 30 countries, to help consumer goods companies adjust their communication strategies in a coronavirus-hit world.
Facebook said on Wednesday that growth would continue to slow as its business matured and reported a lift in quarterly expenses, disappointing Wall Street expectations that the costs of improving privacy would level off.
The U.S. Federal Trade Commission is considering asking a court to stop Facebook from moving ahead with plans to integrate its WhatsApp, Instagram and Messenger subsidiaries, The Wall Street Journal reported on Thursday.
Facebook on Thursday launched a catalog feature for its WhatsApp messaging app, building out the service's e-commerce tools as it moves slowly toward monetizing the app it bought in 2014 for $19 billion.
The U.S. Justice Department will open an antitrust investigation of Facebook Inc , a person familiar with the matter said on Wednesday, marking the fourth recent antitrust probe of the social media company.