Social media network Reddit said on Thursday it will raise up to $700 million (roughly Rs. 5,200 crores) in a late-stage funding led by Fidelity Management and Research Company, giving it a valuation of more than $10 billion (roughly Rs. 74,240 crores). The company’s popular WallStreetBets forum has been at the heart of a boom
Social
Britain might require Facebook to sell GIF website Giphy after the country’s competition regulator said on Thursday its investigation found the deal between the two companies would harm competition in the display advertising market. Facebook, the world’s largest social media company, bought Giphy, a website for making and sharing animated images, or GIFs, in May
Instagram is announcing a set of new features that are aimed to help protect people from abuse on its platform. The Facebook-owned social media platform will give its users the ability to limit comments and direct messages (DM) during spikes of increased attention. It will also give stronger warnings when people try to post offensive
Facebook said on Tuesday it had removed a network of accounts from Russia that it linked to a marketing firm which aimed to enlist influencers to push anti-vaccine content about the COVID-19 jabs. The social media company said it had banned accounts connected to Fazze, a subsidiary of UK-registered marketing firm AdNow, which primarily conducted
WhatsApp Web and desktop apps are reportedly getting photo editing tools, a feature that has been present only in the mobile app till now. These tools will allow users to edit photos, with an additional option to add stickers, before sending them. This feature may not be visible to all users right away. Additionally, WhatsApp
Centre on Tuesday told the Delhi High Court that prima facie, it appears Twitter has appointed Chief Compliance Officer, Resident Grievance Officer, and Nodal Contact Person in compliance of recently amended IT Rule. Additional Solicitor General Chetan Sharma, appearing for Centre, told Justice Rekha Palli that prima facie, it appears Twitter has appointed Chief Compliance
TikTok surpassed Facebook to become the most downloaded app in the world in 2020, according to business journal Nikkei Asia, citing a global survey of app downloads. The journal said that the Chinese short-video app topped the list of social media providers for the first time since the study was first conducted in 2018. TikTok
Facebook already asks for your thoughts. Now it wants your prayers. The social media giant has rolled out a new prayer request feature, a tool embraced by some religious leaders as a cutting-edge way to engage the faithful online. Others are eyeing it warily as they weigh its usefulness against the privacy and security concerns
Elaine Thompson-Herah — the Jamaican sprinter who created history by winning gold in both 100m and 200m event at two consecutive Summer Olympics (2016 Rio de Janeiro and 2020 Tokyo) — was temporarily blocked from posting anything on Instagram on Tuesday afternoon. The ‘fastest woman alive’ had shared a video of her Olympic races after
Beijing prosecutors initiated a civil public-interest lawsuit against a Tencent subsidiary on Friday, saying the “youth mode” on the company’s popular social messaging app WeChat does not comply with laws protecting minors. The lawsuit was initiated by Beijing’s Haidian District People’s Procuratorate against Shenzhen Tencent Computer Systems, according to a filing posted on JCRB.com, a
The US Federal Trade Commission criticised Facebook on Thursday for making “misleading claims” to explain why it had disabled the accounts of researchers studying political advertisements on the social media platform. Facebook said on Tuesday it had cut off the personal accounts and access of the New York University researchers because of concerns about other users’
Facebook has started rolling out a streamlined settings page for mobile users that essentially removes some clutter and reduces the number of categories available. The purpose of the latest update is to make it easier for users to find the settings they need. As a result of the changes being implemented at the server side,
Facebook has cut off some academic researchers for “scraping” data from the platform, sparking a fresh controversy about the leading social network’s transparency to outside experts studying misinformation and abusive content. The California tech giant acted late Tuesday to block the research from New York University’s Ad Observatory Project, citing privacy concerns. Facebook product management
Twitter will partner with the Associated Press and Reuters to more quickly provide credible information on the social networking site as part of an effort to fight the spread of misinformation, it said on Monday. Like other social media companies, the San Francisco-based firm has been under pressure to remove misleading or false information on its
WhatsApp is working on enabling end-to-end encryption for local backups, according to a report. The new development is said to first arrive in a beta build of WhatsApp for Android. However, the feature has not yet been confirmed by the messaging app maker itself. Alongside enhancing security of its local backups, WhatsApp is reportedly working
WhatsApp for iPhone now lets you send photos and videos that can only be viewed once by recipients. The new change is currently rolling out to the iPhone users through a new WhatsApp version that is available for download through the App Store. The update also changes the style of in-app message notifications. WhatsApp has
Twitter has made it easier to log in or sign up on the micro-blogging platform. Its users can now use their Apple ID or Google account to directly sign up/ log in. Twitter was earlier spotted testing new sign in/ sign up options on its platform. New users can now sign up with their Apple
Telegram’s new update significantly bumps up the number of people who can participate in a group video call. The secure messaging platform now allows up to 1,000 viewers on a single video call, while keeping the number of broadcasters steady at 30. The update brings new features such as allowing users to share their screens
Union IT Minister Ashwini Vaishnaw is likely to meet representatives of social media firms this month, sources said on Monday. This comes amid social media giant Twitter’s involvement in a stand-off with the Indian government for the past several months over the new amendments in the country’s new Information Technology laws with the micro-blogging platform
Elon Musk has hinted at how many Bitcoins Tesla holds after a Twitter user shared a rough estimate of its holdings. Dave Lee (@heydave7), who said on his Twitter bio that he has been investing in the electric vehicle-making company since 2012, suggested Tesla should be holding 42,069 Bitcoins and that the total holding may
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