Facebook warns of ‘headwinds’ to its ad business from regulators and Apple

Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was […]

Snap had its best quarter in four years

If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last four years. Snapchat now has 293 million daily active users, growing 23% since […]

Jack Dorsey says bitcoin will be a big part of Twitter’s future

Twitter CEO Jack Dorsey confirmed to investors that bitcoin will be a “big part” of the company’s future, as he sees opportunities to integrate the cryptocurrency into existing Twitter products and services, including commerce, subscriptions and other new additions like the Twitter Tip Jar and Super Follows. Dorsey has been a staunch bitcoin advocate for […]

Trouble in fandom paradise: Tumblr users lash out against its beta subscription feature

The Tumblr community often refers to itself as the Wild West of the internet, and they’re not wrong. A text post with over 70,000 notes puts it best: “Tumblr is my favorite social media site because this place is literally uninhabitable for celebrities. No verification system, no algorithm that boosts their posts, it’s a completely […]

VOCHI raises additional $2.4 million for its computer vision-powered video editing app

VOCHI, a Belarus-based startup behind a clever computer vision-based video editing app used by online creators, has raised an additional $2.4 million in a “late-seed” round that follows the company’s initial $1.5 million round led by Ukraine-based Genesis Investments last year. The new funds follow a period of significant growth for the mobile tool, which […]

Spotify partners with GIPHY to connect users with artists’ music via GIFs

Spotify announced this morning a new partnership with online GIF database GIPHY to enable discovery of new music through GIFs. No, the GIFs themselves won’t play song clips, if that’s what you’re thinking. Instead, through a series of new Spotify-linked GIFs, there will be an option to click a button to be taken to Spotify […]

Facebook onboards another 31 newsletter writers on Bulletin

Late last month, Facebook announced Bulletin, its newsletter platform. Unlike Substack, Medium and other competitors, Bulletin hand-picks its writers to curate a more controlled platform, with stars ranging from Mitch Albom, whose book “Tuesdays with Morrie” continues to break hearts in seventh grade English classes, to Queer Eye’s Tan France, who taught a generation of […]

Streamlabs launches Crossclip, a new tool for sharing Twitch clips to TikTok, Instagram and YouTube

The company behind ubiquitous livestreaming software Streamlabs is introducing a new way for streamers to share their gaming highlights to platforms well beyond Twitch. Streamlabs calls the new tool Crossclip, and it’s available now as an iOS app and as a lightweight web tool. With Crossclip, creators can easily convert Twitch clips into a format […]

Ireland must ‘swiftly’ investigate legality of Facebook-WhatsApp data-sharing, says EDPB

Facebook’s lead regulator in the European Union must “swiftly” investigate the legality of data-sharing related to a controversial WhatsApp policy update, following an order by the European Data Protection Board (EDPB). We’ve reached out to the Irish Data Protection Commission (DPC) for a response. Updated terms had been set to be imposed upon users of […]

WhatsApp is testing multidevice support that works without the phone

WhatsApp is finally pushing an improvement to a key feature that even the Facebook-owned instant messaging service acknowledges has been a top request from users for years. On Wednesday, WhatsApp said it is rolling out a limited public beta test for its improved multidevice capability. The update enables WhatsApp users for the first time to […]