• 12
    Feb

    UK names its pick for social media ‘harms’ watchdog

    The UK government has taken the next step in its grand policymaking challenge to tame the worst excesses of social media by regulating a broad range of online harms — naming the existing communications watchdog, Ofcom, as its preferred pick for enforcing rules around ‘harmful speech’ on platforms such as Facebook,  Snapchat and TikTok in future. Last April the previous Conservative-led government laid ...
  • 6
    Feb

    Twitter reports $1.01B in Q4 revenues with 152M monetizable daily active users

    As Twitter continues to try to find the right balance between making its platform easier to use while also less prone to toxicity and abuse, the social media platform reported mixed earnings for Q4. Twitter posted $1.01 billion in sales — notable because it is the first time its revenues have broken past the billion-dollar mark — due to a strong quarter in advertising sales. However, ...
  • 30
    Jan

    Facebook will pay $550 million to settle class action lawsuit over privacy violations

    Facebook will pay over half a billion dollars to settle a class action lawsuit that alleged systematic violation of an Illinois consumer privacy law. The settlement amount is large indeed, but a small fraction of the $35 billion maximum the company could have faced. Class members — basically Illinois Facebook users from mid-2011 to mid-2015 — may expect as much ...
  • 29
    Jan

    Match Group CEO Mandy Ginsberg is stepping down

    Match  Group, home to Tinder, Match, OkCupid, PoF and a host of other online dating apps, announced today that CEO Mandy Ginsberg would be stepping down from her position after 14 years with the company. She’s served in the CEO role since her appointment in 2017. Related to this, Ginsberg will also resign from Match’s board of directors. Assuming her position is Shar Dubey, currently ...
  • 29
    Jan

    Toothless: Facebook proposes a weak Oversight Board

    Facebook’s  internal “Supreme Court” can’t set precedents, can’t make decisions about Facebook Dating or Marketplace, and can’t oversee WhatsApp, Oculus, or any messaging feature, according to the bylaws Facebook proposed today for its Oversight Board. It’s designed to provide an independent appeals process for content moderation rulings. But it will only be able to challenge content taken down, not left up, until at ...
  • 29
    Jan

    HeyMama, a premium social network for working moms, raises $2 million

    As we spend more and more time on our phones, working busier and busier jobs, and leading more and more overwhelming lives, personal connection with others is harder and harder to come by. HeyMama wants to change that. The premium social network is aimed squarely at working mothers, looking to give them a space to connect, communicate, and learn from each other. ...
  • 28
    Jan

    Flipboard expands into local news

    Flipboard, the personalized news aggregation app used by 145 million users per month, is today launching a new feature aimed at bringing local news coverage to 23 cities across the U.S. and Canada, including major metros like New York, L.A, San Francisco, Seattle, D.C., Boston, Dallas, Chicago, and many others. The goal with the new offering is to give Flipboard  users an ...
  • 28
    Jan

    LabCorp website bug exposed thousands of medical documents

    A security flaw in LabCorp’s  website exposed thousands of medical documents, like test results containing sensitive health data. It’s the second incident in the past year after LabCorp said in June that 7.7 million patients had been affected by a credit card data breach of a third-party payments processor. The breach also hit several other laboratory testing companies, including Quest Diagnostics. This latest security ...
  • 24
    Jan

    Goldman Sachs says it won’t take startups public without at least one ‘diverse’ director; it ...

    Some of the biggest banks in the United States are among the most powerful institutions in the world. But like every incumbent, they still have to hustle to stay relevant. Morgan Stanley has increasingly gotten behind investors who say they want to see more direct listings, for example. Some of those investors wield a lot of influence after all, and if you ...
  • 10
    Jan

    India’s top court rules indefinite internet shutdown in Kashmir unwarranted and amount to abuse of ...

    India’s top court ruled on Friday that the indefinite shutdown of the internet in Kashmir was unwarranted and demonstrated “abuse of power” by the Prime Minister Narendra Modi -led government. India cut internet access in Kashmir in August last year after revoking the Muslim majority region’s autonomy and statehood. The prolonged shutdown, which the government argues has been enforced as a security ...