Search results for "social media platform"

OnlyFans Jumps Into NFT Profile Pictures

OnlyFans, an online subscription platform known for adult content, has launched a feature for users to display verified NFTs as profile pictures, it said on Thursday. The UK-based company, which said it introduced the feature in December, joins social media companies such as Twitter and Reddit that have explored ways to incorporate the digital tokens […]

China's Cyber Watchdog Spells Out Development Strategies for Tech Giants

China’s cyberspace watchdog said a symposium it held with Chinese tech giants last month had given the industry a “clearer understanding” and more confidence in how to pursue development and opportunities as they adjust to a new regulatory landscape. The Cyberspace Administration of China said its official publication had carried out interviews with companies such […]

Nasdaq Regains Ground After Choppy Week Driven by Big Tech Earnings

Another bumpy ride on Wall Street ended on Friday as Amazon’s positive earnings capped a run of mixed big-tech numbers, with the Nasdaq recovering much of its losses from the previous session and all three benchmarks ending the week in positive territory. Results from megacap growth stocks have dictated market moves this week, as investors […]

Meta's Shock Share Price Drop Shakes World Tech

Shares in Facebook owner Meta fell 20 percent in U.S. premarket trade on Thursday after the social media giant issued a dismal forecast, blaming Apple’s privacy changes and increased competition. The shock drop, which comes before Amazon earnings later in the day, spilled over to Europe where technology led sectoral fallers with a decline of […]

Web 3: What the 3rd Generation of the Internet Brings to the Table

You can be forgiven for thinking that Web3 or Web 3.0 is just another trendy buzzword that lets tech companies sell you the same product slightly upgraded under a cool new façade. For one thing, there is no official definition for Web 3, just a collection of parameters that classifies its general qualities, functions, and […]

Blizzard: A Thread Leading Microsoft into the Metaverse

When Microsoft unveiled its plans to acquire gaming titan Activision Blizzard on January 19, the tech scene was swift away with one newsflash. A deal, if it came to fruition, could be commemorated in Microsoft’s history as the first stone that pathed its way into the Metaverse.  The $75 billion deal’s announcement was led by a 15-minute […]

January 6th Committee subpoenas tech giants for Capitol riot 

The House’s assigned Committee to investigate the January 6th Capitol riot issued subpoenas to question four tech giants concerning their platform’s role in endorsing the attach and its causes.  Alphabet Inc., Meta Platforms Inc., Reddit Inc., and Twitter Inc. were subpoenaed by the committee following what it considered an insufficient collaboration when it came to providing […]

Gaming titan Take-Two Interactive to acquire Zynga for $12.7 billion

In the upcoming days, the gaming world will witness an altering event as Take-Two Interactive Software Inc. announced plans to acquire Zynga Inc in a $12.7 billion deal. The deal, which would heighten Zynga Inc’s valuation, also incorporated that the gaming firm’s shareholders will also get compensation of almost $9.68 per share owned by the […]

Tiktok Sued by Former In-House Moderator for Neglecting Employees’ Mental Health 

Ex-TikTok video moderator is accusing parent company, ByteDance, of failing to take care of their employees’ mental wellbeing against a nearly endless barrage of traumatic footage viewed and filtered out daily throughout long working hours.   Candie Frazier was subjected to viewing hours of disturbing content, including mass shootings, animal mutilation, child rape, suicide, cannibalism, gang violence, murder, […]