Tag Archives: Social Media News

In a new twist of a series of events, it has emerged that Bytedance, the owner of TikTok, the popular Chinese video-sharing social video sharing network, has registered a new company.Sources indicate that Bytedance in association with Shanghai Dongfang Newspaper Co. registered a company earlier this month named Pengpai Audiovisual Technology Co. The company is said to offer several blockchain technology development services, AI public services, internet data services, AI application...

Jack Dorsey starts with the memories of the early days of Twitter. When it was decentralized and some people were saying they should continue that way. Yet, the dangers of the modern Internet influenced the development and Twitter was intensively centralized to solve several troubles.However, now Twitter CEO is seeing some new challenges and he claims that centralized social media cannot solve them. For instance, centralized enforcement of global policies cannot address abuse and misleading...

The new EOS-based social network Voice in its beta version will start on 14 February 2020 and is set to reward users with its token, thus bringing the desired freedom of speech and ad-hoc monetization that lacks in other social networks. Presented by Creators of EOS, Voice will Not Manipulate Data Particularly, using the blockchain technology, Voice can set all its operations to move through blockchain. When blockchain records inner operations of the network, it is impossible to insert...

For more than ten years, different identity thieves, online hackers, and scammers have formed a black market and traded with other people’s data, account numbers, social security numbers, etc. In October, dark web researcher Vinny Troia discovered a similar package that was just sitting there, exposed and non-secured in any way. And it’s worth mentioning that Facebook users (though not only) have suffered once again.The block had 4 terabytes of personal info hidden in approximately 1.2...

As on date, a massive amount of data and content is being created and shared every second on the internet. Messaging apps like WhatsApp, Messenger, and Telegram have been the hot mediums to move data. One of the major challenges these companies are facing today is to segregate the right information.With such massive data available, users are usually overwhelmed with excess data. Now, to enhance the user experience, messaging giant Telegram has come up with a new Data Clustering Contest for...

Even though the world of social media is a global affair, all fingers are certainly not equal and like any other consumer market, various platforms fight for dominance among users with some faring better than others. Facebook, in particular, has been a mainstay within the social media market for over a decade and this includes Facebook itself as well as Messenger, Instagram, WhatsApp and so on. However, there is a new crop of social media platforms that threaten its dominance and are reaching...

Ever since Facebook announced its Libra project in June 2019, it has been knocking the doors of regulators for approval. Over the last few months, the social media giant had a tough time dealing with global regulatory authorities.But this has not deterred Facebook from furthering its development for its native cryptocurrency Project Libra. Last week, the Libra Association released a developer update. The update announcement mentioned that the Libra Project is running for five months and...

An American photo and video-sharing social networking platform Instagram is going to compete with Chinese TikTok. Instagram has decided to launch Reels — a new video and music feature for Instagram Stories. This service allows users to enjoy working with different tools for editing videos, create 15-second clips using an extensive music catalog, and share them on Instagram Stories. It is notable that Reels is similar to the TikTok app in its functioning.According to the TechCrunch report,...

Social media giant Facebook Inc. has now decided to consolidate all of its payment services under a single umbrella. On Tuesday, November 12, Facebook announced its Facebook Pay platform which would facilitate ” a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp”.Facebook’s announcement comes just in a week’s time after it announced a new parent company logo as part of its rebranding efforts. The social media giant said that a lot of its...

The G7 meeting participants state that things like stablecoins including Facebook‘s Libra should be strictly regulated and the risks connected with them are not yet studied well. Per EU lawmaker and a German conservative Markus Ferber:“At the very least, we need a robust regulatory framework to deal with virtual currencies. The (executive EU) Commission has been way too complacent on the issue so far. With the threat of Libra on the horizon, it is time for action now.”The draft text of the...