Trump’s social media deal ignites 350% gain in SPAC’s shares
Former US President Donald J Trump’s deal to create a social media app after Twitter and Facebook barred him won an exuberant endorsement from investors, with shares in a she...
Snap shares plunge 25% as Apple privacy changes hit ads business
Shares of Snap Inc plummeted 25% after the owner of photo messaging app Snapchat said privacy changes implemented by Apple Inc on iOS devices hurt the company’s ability to ta...
US bill would stop Big Tech favouring its own products
About a dozen US senators from both parties formally introduced a bill that would bar Big Tech platforms, like Amazon and Google, from favouring their products and services.
Square CEO Dorsey says looking to build a bitcoin mining system – tweet
Square Inc CEO Jack Dorsey has said that the leading FinTech player is looking to build a bitcoin mining system based on custom silicon and open source for individuals as well as b...
Twitter debuts new ad features, revamped algorithm ahead of e-commerce push
Twitter has rolled out new ad features and revamped the algorithm that decides which ads users see, as part of an effort to lay the groundwork to launch future e-commerce features,...
Facebook-backed group launches misinformation adjudication panel in Australia
A tech body backed by the Australian units of Facebook, Google and Twitter has said it has set up an industry panel to adjudicate complaints over misinformation, a day after the go...
Twitter to sell mobile ad unit MoPub for $1 billion
Twitter Inc has said it has agreed to sell mobile ad company MoPub to AppLovin Corp for $1.05 billion in cash, as the microblogging platform looks to focus more on advertisements o...
Facebook blames ‘faulty configuration change’ for nearly six-hour outage
Facebook Inc blamed a “faulty configuration change for a nearly six-hour outage on Monday that prevented the company’s 3.5 billion users from accessing its social media...
Facebook asks judge to dismiss US lawsuit to force sale of Instagram, WhatsApp
Facebook Inc has again asked a judge to dismiss the US government’s revised antitrust case that seeks to force the social media giant to sell Instagram and WhatsApp.
Trump asks US judge to force Twitter to restart his account
Former US President Donald Trump asked a federal judge in Florida on Friday to ask Twitter to restore his account, which the company removed in January citing a risk of incitement ...
Clubhouse rolls out conversation replay and clip-sharing to drive growth
Viral audio network Clubhouse is launching the ability to record and replay conversations and also download 30-second clips to share on social media or other sites, it has said.
Twitter rolls out bitcoin tipping, safety features in product push
Twitter will allow people to tip their favourite content creators with bitcoin and will launch a fund to pay some users who host audio chat rooms on its Spaces feature, the company...
Apple bars Epic’s ‘Fortnite’ from App Store until all court appeals end
Apple Inc has blacklisted “Fortnite” from the iPhone maker’s popular App Store for several years until all the court appeals are done, Epic Games CEO Tim Sweeney ...
Twitter seeks to settle 2016 class action lawsuit for $800 million
Twitter has said it would pay $809.5 million to settle a shareholder class action lawsuit accusing the social media company of deceiving investors about how often people used its p...