Calibra wallet won’t launch in Facebook’s biggest market

Facebook unveiled its audacious Libra cryptocurrency and Calibra digital wallet on Tuesday, through which it plans to transform financial services across the globe. The social juggernaut made clear its ambitions when it said that it wishes to empower more than 1.7 billion people around the world who currently do not have a bank account. But […]

Africa Roundup: Jumia’s post-IPO earnings, Gokada’s $5.3M raise, Facebook’s fake-news purge, Joe Montana’s fintech investment

Jumia held its first post-IPO earnings call and weathered a short-sell assault in May, with Wall Street showing confidence in the Pan-African e-commerce company. On the numbers, key takeaways were that Jumia’s Gross Merchandise Value (GMV) — the total amount of goods sold over the period — grew by 58% to €240 million. Marketplace revenue […]

Startups net more than capital with NBA players as investors

Mary Ann Azevedo Contributor Mary Ann Azevedo covers startups and tech at Crunchbase News. More posts by this contributor Startups net more than capital with NBA players as investors It’s not so obvious that this VC firm is focused on impact If you’re a big basketball fan like me, you’ll be glued to the TV […]

Facebook’s latest account purge exposes Africa’s misinformation problem

Facebook last week purged a network of hundreds of pages, groups and Instagram accounts it labeled as producing “coordinated inauthentic behavior” toward Africa. The activity originated in Israel and was largely targeted toward Nigeria, Senegal, Togo, Angola, Niger, and Tunisia. It was mostly political in nature and primarily paid for by Archemedes Group, a global […]

Chat app Line is adding Snap-style disappearing stories

Facebook cloning Snap to death may be old news, but others are only just following suit. Line, the Japanese messaging app that’s popular in Asia, just became the latest to clone Snap’s ephemeral story concept. The company announced today that it is adding stories that disappear after 24 hours to its Timeline feature, a social network-like […]

As researchers pursue links between bacteria and human health, startups stand to benefit

In 2009, the National Institutes of Health launched a five-year, $150 million project to stimulate research into a new field of medicine examining the connections between the millions of bacteria living in the human gut and overall human health. Spurred by the advancements in genetics from a decade earlier, this new field of research would […]

Facebook is discontinuing P2P payments in Messenger in the UK and France on June 15

Facebook is pulling away from its ambitions to provide peer-to-peer money transfers via Messenger in Europe. Today, the company announced that it would be discontinuing the service — which let individuals send money to each other — in the two countries in the region where it had rolled it out, the U.K. and France, on […]

The chat feature may soon return to Facebook’s mobile app

Facebook upset millions upon millions of users five years ago when it removed chat from its core mobile app and forced them to download Messenger to communicate privately with friends. Now it looks like it might be able to restore the option inside the Facebook app. That’s according to a discovery from researcher Jane Manchun […]

Snap is channeling Asia’s messaging giants with its move into gaming

Snap is taking a leaf out of the Asian messaging app playbook as its social messaging service enters a new era. The company unveiled a series of new strategies that are aimed at breathing fresh life into the service that has been ruthlessly cloned by Facebook across Instagram, WhatsApp and even its primary social network. […]

Fleksy’s AI keyboard is getting a store to put mini apps at chatters’ fingertips

Remember Fleksy? The customizable Android keyboard app has a new trick up its sleeve: It’s adding a store where users can find and add lightweight third party apps to enhance their typing experience. Right now it’s launched a taster, preloading a selection of ‘mini apps’ into the keyboard — some from very familiar brand names, […]