Indian short video sharing app Josh raises more than 100 million in funding round

An Indian short-video sharing app, Josh, has raised more than $100 million from investors including Microsoft, and Google, in a growing space that further eats into TikTok’s market share. Josh is one of several short video platforms have cropped up after India blocked the Chinese consumer data harvesting app in June. Josh has drawn global…

Australia’s upcoming law will force Facebook and Google to pay for sharing domestic media content

In a statement, U.S. social media giant Facebook Inc said, it would block news publishers and people in Australia from sharing news on its app, including Instagram and Facebook if a proposed bill which forces it pay local media outlets for content, becomes law. In July, the Australian government said it would require tech giants…

Australia framing regulatory code of conduct between media outlets and digital platforms, sees revenue sharings from Facebook and Google

On Monday, Australia’s Treasurer Josh Frydenberg disclosed, Canberra will force online giants including Alphabet Inc’s Google and Facebook Inc to share advertising revenue with local media firms. Australia is set to become one of the firts countries to require digital platforms to pay for content that they use. The development comes in the wake of…

Online platforms should be held responsible for social media content: IBM

IBM has proposed changes to Section 230 of the Communications Decency Act (CDA 230). If its proposals are incorporated into law, they will materially impact social media companies including Facebook, Facebook’s WhatsApp and Instagram as well as Alphabet Inc’s YouTube, to name a few. In a significant development, International Business Machines (IBM) Corp has proposed…

Apple removes 25k apps from its App store to comply to Chinese regulations

The development underscores the strict rules companies have to comply in to operate in China with Beijing’s regulator trying to create a cyberspace with enhanced censorship policies. Apple has stated it has withdrawn lottery apps from its App Store in China midst tightening regulations and a barrage of criticism from China’s state media. According to…