Category: Social Media

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  • Snapchat raises 175 million from Fidelity

    Fidelity invests $175 million in Snapchat but its valuation remains unchanged

    Snapchat has raised $175 million from Fidelity Investments. The company has now received $1.3 billion in funding. The Wall Street Journal is reporting that Snapchat maintains its previous $16 billion valuation, reflecting a more cautious approach from tech investors. Snapchat calls more than 100 million active users among its ranks, mostly in the millennial demo and claims to deliver more […]

  • WhatsApp

    Facebook VP released from jail following WhatsApp spat

    A Brazilian judge has ordered the release of Facebook VP for Latin America Diego Dzodan. The Facebook executive was held for nearly 24 hours following a dispute involving WhatsApp. Police in São Paulo questioned Dzodan on Tuesday, and he remained in jail overnight. A court had ordered Facebook to provide data from WhatsApp, a messaging […]

  • Myspace parent company bought by Time Inc

    Time Inc. just bought MySpace’s parent company

    Time Inc., best known for its ownership of Time, Fortune, and People magazines, has acquired Viant, the parent company of Myspace. In a press release, Joe Ripp, chairman and CEO of Time Inc., described the acquisition as “game changing.” Financial terms of the deal were not disclosed. Ad network Specific Media, another Viant-owned company, acquired Myspace for $35 […]

  • Mark Zuckerberg goes after Marc Andreessen for India comments

    Mark Zuckerberg calls out Marc Andreessen for ‘deeply upsetting’ India comments

    Facebook CEO Mark Zuckerberg made it very clear that he disagrees with the comments made about India by one of his company’s board members. On Tuesday, venture capitalist Marc Andreessen posted a series of controversial tweets on Twitter. In them, he expressed his dissatisfaction with the ruling by an India regulator that effectively killed Faceook’s “Free Basics” […]

  • Twitter trolling committee

    Twitter debuts anti-troll cybersafety committee

    Twitter has long been a network that has allowed bigotry and other forms of hate speech to go unchecked. On Tuesday the social network announced a new committee that will handle “trolling” and abuse. The new committee, named the Twitter Trust & Safety Council, intends to “strike the right balance between fighting abuse and speaking […]

  • Facebook Free Basics shut down in India

    Facebook’s ‘Free Basics’ internet has been blocked in India

    Facebook’s attempt to offer free internet access in India has been stopped by officials in the country. Telecom providers in the country were instructed on Monday to charge the same price for all content, dealing a crushing blow to “Free Basics,” a Facebook initiative that had come under constant and harsh criticism from tech activists. “Free […]

  • Mark Zuckerberg gives daughter a Chinese name

    Mark Zuckerberg announces daughter’s Chinese name

    Facebook CEO Mark Zuckerberg took the opportunity to speak in Mandarin with his wife Priscilla Chan on Monday as they wished the world a happy Lunar New Year and revealed their daughter’s Chinese name. In a video post Saturday, the couple said this Lunar New Year was especially meaningful because they selected Max’s Chinese name. […]

  • LinkedIn Shares

    LinkedIn stock plummets 35% on weak outlook

    LinkedIn shared plummeted by 34.93% (9:38am EST) in after hours trading, as the company gave a somewhat conservative outlook for the current quarter. LinkedIn said its sales for the current quarter would come in about 6% lower than Wall Street had expected. The company also said earnings would be 27% below analysts’ expectations. LinkedIn had […]

  • 1 Billion on WhatsApp

    WhatsApp hits 1 billion users

    In 2014 Facebook CEO Mark Zuckerberg spent a ming-boggling $22 billion to acquire messaging app WhatsApp. Less than two years later and Facebook’s CEO has another 1 billion user app under his control. When Facebook acquired WhatsApp it had less than half a billion users, but was growing considerably, especially overseas and in developing countries. […]