Meta announced a new video editing app, Edits, launching on iOS next month, with Android to follow. Aimed at creators, the app offers creative tools, insights, and collaboration features. This move follows the removal of ByteDance’s CapCut amid the TikTok ban. Meta aims to capitalize on the gap, similar to its quick launch of Instagram Reels after TikTok’s India ban.
Meta has raised concerns about a recent decision by India’s Competition Commission (CCI), which found the company had misused its dominant position by bundling certain features on its platforms. According to Meta, this ruling could lead to some features being scaled back, which might affect both users and businesses that depend on its services.
While Meta is committed to complying with regulations, the company has highlighted the potential challenges this decision poses for its operations in India. It hopes to work closely with authorities to find a balanced approach that allows it to continue offering valuable tools and experiences to its millions of users in the country.
This situation reflects the increasing regulatory pressure on big tech companies and Meta’s efforts to navigate these challenges while staying connected with its users in one of its largest markets.
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