Latest Platform News
Read the latest platform economy news and important industry commentary from the editorial team at Platform Executive and our global content partners, including Thomson Reuters.
White House sees YouTube, Facebook as ‘Judge, Jury & Executioner’ on vaccine misinformation
The White House has YouTube, not just Facebook, on its list of social media platforms officials say are responsible for an alarming spread of misinformation about COVID vaccines an...
Facebook’s Kustomer deal set to face EU antitrust investigation
Facebook’s acquisition of US customer service start-up Kustomer is set to trigger a full-scale EU antitrust investigation next month, three people familiar with the matter sa...
Digital ad platform Outbrain valued at more than $1 billion in Nasdaq debut
Shares of Outbrain Inc opened flat in their Nasdaq debut last week, giving the web recommendation platform a market capitalization of nearly $1.1 billion.
Twitter beats revenue targets with ad improvements, shares jump 7%
Twitter Inc reported higher revenue growth than Wall Street had expected, as the social media platform rolled out ad targeting improvements and said changes by Apple to keep iPhone...
Russia fines Facebook and Twitter for failing to delete content
A Russian court fined US social media firms Facebook and Twitter for failing to delete illegal content, the latest salvo in a standoff between Russia and Big Tech.
Snap beats user, revenue estimates with highest growth in 4 years
Snap Inc has beaten Wall Street estimates for users and revenue in the second quarter, notching the highest growth rates since late 2017 as new features on its messaging app Snapch...
Uber’s trucking unit to buy logistics planner Transplace for $2.25 billion
Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that i...
Brit arrested in Spain for role in infamous 2020 Twitter hack
A 22-year-old Brit has been arrested in Spain in connection with a July 2020 Twitter hack which compromised the accounts of high-profile politicians and celebrities, the US Justice...
Social audio app Clubhouse is no longer invite-only
Live audio app Clubhouse has removed its invite system so that anyone can join the platform, it has announced.
Wall Street: Netflix’s gaming foray will cost time and money
Wall Street analysts have welcomed Netflix’s planned plunge into mobile gaming, calling it a sensible move to keep users’ eyes on screens while worrying it would take s...
Argo AI, Ford and Lyft to launch self-driving ride-hail service
Self-driving start-up Argo AI, carmaker Ford Motor Co and ride-hail company Lyft Inc have said they partnered to offer robotaxi trips to Lyft customers in Miami and Austin.
CD Projekt’s The Witcher mobile game debut hindered by technical issues
CD Projekt said that its mobile game “The Witcher: Monster Slayer” was now available to download after technical issues impacted its launch, in another glitch for the P...
Crypto miner Core Scientific to go public via $4.3 billion SPAC deal
Core Scientific Holdings have said it would go public through a merger with a blank-check company backed by BlackRock Inc, in a deal that values the cryptocurrency miner at $4.3 bi...
BT takes multi-million pound stake in cyber firm Safe Security
UK telecoms group BT has taken a multi-million pound stake in Silicon Valley cyber risk management firm Safe Security, underlining its ambition to target growth in the sector, the ...