Twitter may now be worth one third of what Elon Musk paid for the social media platform just seven months ago, figures show. Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at 6.55 billion dollars (£5.28 billion). That is down from […]
Shutterstock has said it is buying Giphy from Meta Platforms for 53 million dollars (£46 million), the final step to unwind a deal blocked by British regulators over competition concerns. The stock image service said it is paying cash for the GIF-sharing platform, which has 1.7 billion daily users and partners including Facebook, Instagram, WhatsApp, […]
Facebook owner Meta has been fined 1.2 billion euro (£1 billion) and was ordered to stop transferring user data from European users to its US servers. The record fine was levied by Ireland’s Data Protection Commission (DPC) after a three-year probe into the social media giant. The DPC said that Meta had breached part of […]
Twitter users have been voicing their discontent after losing ‘legacy’ blue ticks from their accounts, but what does this actually mean? Here, the PA news agency explains the changes on the social media platform. What has just happened? On Thursday (April 20), Twitter began removing legacy Verified checkmarks from hundreds of thousands of accounts. The checkmark […]
Legacy blue ticks have been removed from Twitter as the social media site continues its push to drive more people towards signing up for Twitter Blue. Twitter Verified tweeted that legacy verified checkmarks would be removed from the site on April 20, with the main way of getting a blue tick being to sign up […]
The House of the US state of Montana has given final passage to a Bill banning the social media app TikTok from operating in the state. It is a move that is bound to face legal challenges but also serve as a testing ground for the TikTok-free America many national politicians envision due to concerns […]
Elon Musk has said Twitter had “four months to live” when he bought the platform and insisted it needed to cut costs to save it from bankruptcy. The billionaire owner confirmed that about 80% of its staff have been axed since he took over at the helm. In a wide-ranging interview with the BBC at […]
Social media platform TikTok has been fined £12.7 million because it “did not do enough” to make sure underage children were not using its platform and ensure that their data was used correctly. The Information Commissioner’s Office (ICO) said that TikTok allowed up to 1.4 million children under 13 to use its platform in 2020, […]
Twitter has failed to take legacy blue checkmarks off the social media platform after it committed to remove them on April 1. The business, led by billionaire owner Elon Musk, has also confused many people by making older verified users indistinguishable from those who have paid for the checkmark. It comes after Mr Musk said […]
Twitter is set to scrap features for users who do not pay a monthly fee for a blue tick verification, according to new rules shared by billionaire owner Elon Musk. Users of the social media platform who want to remain verified can pay up to 11 US dollars (£8.93) a month as part of Mr […]
