rtmark
LearnBonds.com

Facebook Inc WhatsApp Ban Lifted in Brazil

Facebook WhatsApp

Facebook Inc ’s WhatsApp services were supposed to be suspended in Brazil for 48 hours following an order from a lower court. But the suspension was lifted after an order from a Brazilian judge on Thursday, says Reuters. At midnight Wednesday, the ban went into effect and lasted for 12 hours until the orders from an appeals court overturned it.

Facebook WhatsApp

Rivals benefited from WhatsApp suspension

The judge that overturned the ruling, said, “Considering the constitutional principles, it does not look reasonable that millions of users be affected as a result of the company’s inertia to provide information.” However, the judge recommended a higher fine on the US firm.

WhatsApp has 100m personal users in Brazil so it resulted in a sort of outrage after its text message and Internet telephone services were interrupted. It also led to angry exchanges on the floor of Congress. As per the internet intelligence and marketing firm, SimilarWeb, WhatsApp’s is the most installed app in the country. Its text messaging and Internet calling service is installed on 92.5% of Android devices in Brazil.

Telegram – a rival messaging system – said on Twitter that the outrage resulted in the service receiving 1m downloads in Brazil in a day. SimilarWeb informed that before the blackout 2.35% of Android devices had Telegram while Facebook Messenger was installed on 74% of the devices.

A judge in Sao Bernardo do Campo – an industrial suburb of Sao Paulo – issued the order for the suspension of WhatsApp’s services. The US firm was required to share information in a criminal case, and despite a fine, it failed to comply with it, and thus the order was issued against it.

After the ban on WhatsApp’s services, Facebook Inc CEO Mark Zuckerberg, said “Until today, Brazil has been an ally in creating an open Internet.”

Facebook updates Messenger at right time with right features

Meanwhile, Facebook is busy adding new features into Messenger before the 2015 ends. On Thursday, the firm rolled out Photo Magic widely to users everywhere. This feature makes use of facial recognition to simplify the process of photo sharing with friends.

This Facebook app, which requires permission from the user to access their photos, automatically offers to send the picture to any Facebook friends identified in the shot. This feature is of great help to the users who don’t remember sending photos to friends and relatives after a party or an event.

Facebook Inc has come up with this app at a right time as holiday’s time is the most popular among users for sharing pictures.

On Thursday, Facebook stock closed down 0.53% at $106.22. Year to date, the stock is up over 36% while in the last one-month, it is up only 1%. The stock has a 52-week high of $110.65 and a 52-week low of $72.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Aman is MBA (Finance) with an experience on both marketing and Finance side. He has work as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, playing PC games and cricket.

X

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

TRADE WITH ETORO

75% of investors lose money when trading CFDs.

Leading Social Trading Platform with 0% Commission
TRADE WITH ETORO

75% of investors lose money when trading CFDs.

HTML Snippets Powered By : XYZScripts.com