CCI alleged infringement of user privacy, sharing users’ data with Facebook, and examining WhatsApp’s abuse of dominance.
Director & Head Of Partnerships, Meta India, Manish Chopra, quit the company. While 4 others were fired.
An estimate of 300-400 employees were laid off in 2023.
Meta’s newest offering Threads, a direct competition to X (Twitter) struggled to retain users.
Meta launched its subscription offering in India, Meta Verified. Meta also had several new launches for merchants & customers.
Meta collaborated with the Indian government to mentor Indian Startups.
Meta India had a strong FY23 financial performance, reporting a gross advertisement revenue of INR 18,308 Cr.