Category: Social Media

PayPal Says It Is Not Pursuing Pinterest Acquisition

PayPal Inc. is not pursuing an acquisition of Pinterest Inc. at this time, the payments company said late on Sunday, responding to media reports that it was in talks to buy the digital pinboard site for as much as $45 billion. PayPal shares rose 6.2 percent to $255.20 in premarket trading on Monday, while those…


What the Metaverse Is and How It Will Work Will

LONDON—The term “metaverse” seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online. The metaverse, which could spring up again when Facebook releases earnings Monday, is the latest buzzword to capture…


What the Metaverse Is and How It Will Work

LONDON—The term “metaverse” seems to be everywhere. Facebook is hiring thousands of engineers in Europe to work on it, while video game companies are outlining their long-term visions for what some consider the next big thing online. The metaverse, which could spring up again when Facebook releases earnings Monday, is the latest buzzword to capture…


Google Uncovers Hackers Hijacking YouTube Accounts: Report

Google’s Threat Analysis Group has recently published a report detailing how over the past few years phishing hackers have hijacked popular YouTube accounts to make money through cryptocurrency scams and other methods. Since late 2019, Google has tracked and disrupted the scammers, described as “a group of hackers recruited in a Russian-speaking forum.” Combining cookie-based…


Google to Slash Fee It Takes From Subscriptions on App Store

By Mark Gurman From Bloomberg News Alphabet Inc.’s Google is slashing the fees it takes from subscription services on its app store following pressure from developers and lawmakers. Beginning Jan. 1, the Google Play Store will charge third-party subscription apps a 15 percent commission, the company said Thursday. Previously, subscription apps were charged 30 percent…


Twitter Now Lets All Its Users Create Spaces

Twitter Inc. now lets any user create Spaces on its platform. What Happened The San Francisco-based company announced Thursday that everyone on iOS and Android could now host a conversation on the app. The Jack Dorsey-led Twitter started testing Spaces in November. At the time, it rolled the feature to a limited number of users. Later,…


US Drops Tariff Threat in Digital Tax Transition Deal With European Countries

PARIS/WASHINGTON—The United States on Thursday withdrew its threat of tariffs against five European countries over their digital services taxes as part of a deal to manage the transition to a new global tax regime for large highly profitable corporations. Austria, Britain, France, Italy, Spain will get to keep their digital taxes in place until a…


Snap Tumbles, Drags Social Media Giants on Apple Privacy Tweak Worries

Shares of Snap Inc. plunged on Friday, dragging down other ad-dependent tech firms, after the photo messaging app owner warned of a prolonged hit from Apple Inc.’s privacy changes on iOS devices. Snap shares were down nearly 20 percent at $60.8 before the bell, on track to open at a near three-month low. Shares of…


Snapchat Takes Other Social Media Stocks Down With It on Apple Privacy Changes Warning: What You Should Know

Snapchat parent Snap Inc.’s acknowledgement that its ad business was impacted by Apple Inc.’s iOS 14 privacy changes dragged stocks of other social media rivals such as Facebook Inc., Twitter Inc., Pinterest Inc., and Alphabet Inc. What Happened Snap’s shares fell more than 21 percent  in Thursday’s after-hours session after the company’s third-quarter revenue missed analysts’ estimates as its ad…


Trump Will Remake Social Media and Our Lives with TRUTH Social

Call it the Big Realignment. Sorry, Gab, Parler, Gettr and quite possibly even Twitter, someone has moved into your block. Your days are numbered. It was a noble try—well, in Twitter’s case, maybe not so noble—but you all knew this might happen. The one person with the brand to remake the social media space—Donald J….