Facebook is buying gif-searcher Giphy for around $400 million. That’s no drop in the ocean. But it is a 50% drop on Giphy’s most recent valuation: even gif-sharing has been picked off…
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Dorsey to Stay as Twitter and Activist Investor Agree Truce
Twitter has negotiated a truce with the activist investor hedge fund manager Elliott Management, which will see current CEO and co-founder Jack Dorsey remain in charge of the social media company. Elliott…
Mega-Investor Singer “Aims to Oust” Twitter’s Dorsey
An activist investment vehicle led by a billionaire political donor has purchased a stake in Twitter – and plans to “push for changes” including the ouster of Twitter CEO Jack Dorsey, according…
TikTok Founder Trials Resso, a Spotify Challenger
The parent company of social media platform TikTok has launched a brand it hopes will challenge Spotify in the online music streaming market. ByteDance, the Beijing-based startup whose success with TikTok, a…
Facebook’s Libra Cryptocurrency is Already Under Attack on Multiple Fronts
It has barely been two months since Mark Zuckerberg announced Facebook’s long awaited foray into the cryptocurrency market with Libra—but the platform already faces a raft of attacks from regulators and competitors.…
Twitter’s Refusal to Axe Alex Jones is Evidence of its Western Bias
Infowars, the bonkers, conspiracy-littered website owned by Texas-based diet pill salesman Alex Jones, has for years peddled falsehoods, paranoia and outright lies. A recent gutter-scraping controversy, for example, was in calling the…
Slow Growth and a European Exodus – But Don’t Ring Facebook’s Death Knell Yet
Facebook is having a week to forget. On Wednesday the social media giant revealed that revenue growth would “continue to decelerate in the second half 0f 2018” – and that it had…
Why Does Tech Still Struggle with Nazis?
Last Friday Maggie Haberman, a New York Times reporter who has covered Donald Trump since 2016, announced via an op-ed that she was heavily cutting down on her Twitter usage. “Twitter has stopped being…
Apple CEO Tim Cook Takes Swing at Data Privacy Flaws, Urges “Fearlessness”
Apple chief executive Tim Cook spoke at Duke University’s commencement ceremony yesterday. While he offered students some typically utopian-sounding Silicon Valley advice, Cook had less kind words for fellow tech giants treading…
Mark Zuckerberg Finally Says Sorry – Is It Too Late?
Facebook chief Mark Zuckerberg has broken his five-day silence on the Cambridge Analytica affair, telling users the company’s policies represented “a breach of trust between Facebook and the people who share their…