Social

Meta, the parent company of Facebook, announced today that board member Peter Thiel will not seek reelection to his post, effectively ending his tenure in the top echelon of the social media company’s leadership. The move is not an enormous surprise. Thiel has been increasingly publicly involved with political activities, including backing several Congressional candidates.
0 Comments
Countries in sub-Saharan Africa have been worst-affected by Meta’s plan to discontinue its low-cost Express Wi-Fi internet, launched five years ago to drive connectivity in underserved regions. Meta (formerly Facebook) quietly issued this notice saying that it plans to wind down the program later this year. In countries like Kenya, however, the service has been
0 Comments
The scrap between Joe Rogan, Spotify, and their detractors has resurfaced the simmering debate concerning creator monetization. Given that creators include everyone TikTok performers mega-podcasters, YouTube celebrities, and Instagram influencers, no single revenue model will work for them all. But do creators have to employ all revenue models to make their business math-out? Being cross-platform
0 Comments
Sound the horns, unveil the banners, cue the parade. Snap is profitable. And we don’t mean adjusted-EBITDA profitable, adjusted-operating-income profitable, or even the infamous non-GAAP-net-income profitable. It’s real-profit profitable. In the fourth quarter of 2021, Snap reported $1.3 billion in revenue (up 42% year over year), an operating loss of $25.1 million, and GAAP net
0 Comments
The biggest social network in the world isn’t getting any bigger. Meta posted its fourth quarter earnings Wednesday, sharing financials that disappointed Wall Street enough to send its stock into a nose dive. Shares of the company, still trading under the ticker symbol FB for now, plunged 20% as the numbers hit. While Meta’s last
0 Comments
Although default end-to-end encryption won’t fully arrive on Facebook Messenger until sometime in 2023, the company says today its feature offering end-to-end encrypted group chats and calls in Messenger is now fully rolled out. In addition, Messenger is adding another security feature with the launch of screenshot notifications in end-to-end encrypted chats, similar to rival
0 Comments
In a letter published today by YouTube CEO Susan Wojcicki, the executive suggests the video-sharing platform may embrace Web3 technologies, including NFTs — or non-fungible tokens, a way to certify digital assets stored on the blockchain — as a means of helping YouTube creators make money. While no concrete plans were shared, nor any sense
0 Comments
Two years into the pandemic, online conversations are for many of us still the primary interactions that we are having every day, and we are collectively having billions of them. But as many of us have discovered, not all of those are squeaky clean, positive experiences. Today, a startup called Spectrum Labs — which provides
0 Comments
Meta might be the next to hop on the NFT bandwagon. The Financial Times’ sources claim Meta is developing ways to create, display and sell NFTs on Facebook and Instagram. The company’s Novi wallet technology would power much of the “supporting functionality,” one tipster said. Instagram is reportedly testing a way to showcase NFTs, while
0 Comments
A major Senate bill that would prevent tech companies from giving preference to their own products and services just passed a significant hurdle in Congress, bringing it one step closer to becoming law. The Senate Judiciary Committee voted today on the American Innovation and Choice Online Act, moving the prominent antitrust bill toward a vote
0 Comments
TikTok is testing support for paid subscriptions, the company confirmed to TechCrunch on Thursday. As first reported by The Information, the popular short-form video app is exploring the option for creators to charge subscriptions for their content. The feature is part of a limited test for the time being and is not broadly available. TikTok
0 Comments
What a roller coaster day for China’s tech industry. TikTok’s parent company ByteDance has dissolved its strategic investment team, sending worrying messages to other internet giants that have expanded aggressively by investing in other companies. At the beginning of this year, ByteDance reviewed its “businesses’ needs” and decided to “reduce investments in areas that are
0 Comments