A competition legal expert, backed by a powerful litigation fund, is set to mount a multibillion-dollar class action suit against Facebook/Meta for breach of competition law on the basis that it abused its dominance of social networking in the U.K. for several years. If successful, the action would see Facebook having to pay $3.1 billion […]
Social media and dating apps have a serious identity problem
It’s time for social media and dating apps to face the music and curb fraud, deception and disinformation on their platforms once and for all.
Go Disco curates local events to get you doing cool stuff around town
Foursquare’s heyday is long over, but the problem of finding cool local stuff to do lives on. Most people seem to make it work through a sometimes reluctant combination of Facebook or Instagram and word of mouth, but the reality is that there aren’t many good apps that help us get off of apps and […]
Social app IRL makes its first acquisition with deal for digital nutrition company AaBeZe Labs
IRL, the SoftBank-backed social app and recent unicorn, is today announcing its first acquisition. The company is purchasing, for an undisclosed sum, the “digital nutrition” company AaBeZe Labs and its portfolio of IP with the goal of making IRL a healthier and more ethically designed social networking app. AaBeZe’s founders Michael Phillips Moskowitz, the former […]
Reddit adds real-time conversation features, live upvote counts, and more
Users will be able to see vote counts and comments change on the fly.
In-game creation platform Overwolf raises $75M Series D led by Andreessen Horowitz
Overwolf, a platform that enables creators to build, share, and monetize items inside games, has raised a $75 million Series D funding round, led by Andreessen Horowitz (a16z). Previous investors including Griffin Gaming Partners, Insight Partners, Intel Capital, Liberty Technology Venture Capital, and Marker also participated. The funding will be pumped into Overwolf’s CurseForge Core, […]
Tencent shares its metaverse vision for the first time
How could Tencent not jump on the metaverse bandwagon when Facebook is hinging its future on the new buzzword? At this stage, Tencent’s approach seems more measured than Facebook’s $10 billion investment into its metaverse division. But any early hint from the Chinese social media and gaming giant will provide enough fodder for investor speculation. During […]
Lawmakers will grill Snap, TikTok and YouTube on kids and safety tomorrow
After dragging in the same companies and their reticent, overtrained executives time and time again, Congress is turning its attention to two of the tech industry’s fresh but important faces: TikTok and Snap. On Tuesday, lawmakers on the Senate Subcommittee on Consumer Protection, Product Safety, and Data Security will question policy leads from those two […]
Former head of Facebook app Fidji Simo defends company following whistleblower testimony
The former head of the Facebook app, who reported directly to CEO Mark Zuckerberg, Fidji Simo, defended the social network at the start of an interview at the WSJ Tech Live event this afternoon. The exec was there to discuss her new role as Instacart CEO and her vision for the future of food delivery, […]
Google and YouTube say they won’t allow ads or monetized content pushing climate denial
Google announced Thursday that it would no longer allow ads or monetization for content that promotes climate change denialism. The policy change will apply to publishers, advertisers and YouTube creators, who will no longer be able to make money from content that “contradicts well-established scientific consensus around the existence and causes of climate change.” Google […]