Facebook reportedly gets a $5 billion slap on the wrist from the FTC

The U.S. Federal Trade Commission has reportedly agreed to end its latest probe into Facebook‘s privacy problems with a $5 billion payout. According to The Wall Street Journal, the 3-2, party-line vote by FTC commissioners was carried by the Republican majority and will be moved to the Justice Department’s civil division to be finalized. A $5 […]

Verified Expert Brand Designer: Studio Rodrigo

Ritik Dholakia worked as a startup product manager before he co-founded Studio Rodrigo, a branding and product design agency based in NYC. Unlike traditional branding firms, Studio Rodrigo is proud of its product design chops, especially when it comes to helping early-stage startups build version one of their product. It’s not an easy balancing act […]

Facebook tries to make ad targeting explanations more useful

Facebook has been adding new tools to provide more transparency about why users are seeing certain ads and content (and what they can do about it), but in a blog post today, Product Manager Sreethu Thulasi wrote, “We heard feedback from people that they can still be hard to understand and difficult to navigate.” To […]

SEC approves 1st consumer RegA+ token Props for cross-app rewards

After cracking down on ICOs, the SEC just okayed the first two RegA+ tokens that offer an alternative way for anyone to gain a financial stake in a company, even unaccredited investors. Blockstack got approved for a $28 million digital token sale to raise money, while influencer live-streaming app YouNow’s spin-off Props received a formal […]

Facebook will start taking a cut of fan subscriptions in 2020

Facebook will take a cut of up to 30% on fan subscriptions, beginning on January 1, 2020. The social network is revealing its plans as part of a broader slate of monetization-related announcements this week at VidCon. The news confirms a TechCrunch report earlier this year that Facebook would be taking a 30% share of subscription […]

New Instagram features flag potentially offensive comments, allow you to quietly ‘restrict’ users

Instagram announced two new features today that it said are designed to combat online bullying. In both cases, the Facebook -owned service seems to be trying to find ways to limit bad behavior without outright blocking posts or banning users. “We can do more to prevent bullying from happening on Instagram, and we can do […]

Twitter and Facebook reportedly not invited to White House ‘social media summit’

On Thursday, the White House’s social media summit will reportedly host a who’s who of conservative media pundits. PragerU and Turning Point USA’s Charlie Kirk have apparently received invites to the event. There will, however, be some key names missing from the invite list — including, notably, the social media companies themselves. Trump’s White House is […]

HQ Trivia lays off ~20% as it preps subscriptions

HQ Trivia is struggling after a mutiny failed to oust its CEO. Downloads per month are down 92% versus last June according to Sensor Tower. And now four sources confirm that HQ laid off staff members this week. One said about 20% of staff was let go, and another said six to seven employees were […]

We still don’t know how much of Libra Facebook owns

The $10 million entry fee to join the Facebook-developed cryptocurrency’s Libra Association is merely a minimum. Members who’ll verify transactions can opt to invest more in exchange for more Libra Investment Tokens that will earn them dividends from the interest earned by the Libra Reserve after it pays for infrastructure and operations costs. If regulators […]

Trump taps conservative pundits for ‘social media summit’

Turning Point USA founder Charlie Kirk and PragerU are among the conservative voices that have been tapped to attend next week’s White House “social media summit.” That news is courtesy of The Washington Post, which highlights some of the plans for the July 11 event, set to focus on “opportunities and challenges of today’s online […]