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Tag Archives: Social Media

SEC Sues Elon Musk Forcing Him to Testify in Twitter Probe, Musk Responds

Musk blamed the SEC and the Biden Administration for constant scrutiny into his Twitter acquisition while expressing his confusion and frustration in the matter. On Thursday, October 5, the US Securities and Exchange Commission (SEC) sued Elon Musk in order to force him to testify about the acquisition of Twitter last year. In a legal document filed in the Northern District of California, SEC lawyers have accused Elon Musk of non-compliance with a subpoena mandating his appearance for a...

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X CEO Yaccarino Says Company Will Become Profitable in Early 2024

Despite its aim to achieve profitability next year, the company grapples with persistent challenges. During the Vox Media Code Conference on Wednesday, Linda Yaccarino, CEO of X (formerly Twitter), said confidently that the company is on track to achieve profitability in early 2024. The optimistic outlook follows the company’s determined efforts to rebuild its reputation and regain advertisers who had previously distanced themselves due to content-related concerns. “Now that I have...

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Meta’s Threads Is Lowest Social Media App by Number of US Users after Tumblr

Threads has lost nearly all of its initial momentum as the app is now struggling to attract new users and keep existing ones on the platform. Threads, the Twitter rival launched by Meta Platforms Inc, is going through its fair share of struggles as new users are no longer joining the platform. According to a Tuesday publication from Insider Intelligence, Threads is the only app above Tumblr on a ranking of the most popular social media services according to the number of users in the US....

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Reddit Introduces ‘Contributor Program’ to Award Users with Real Money

Along with the Contributor Program, Reddit has announced an update to Reddit Gold – a paid feature that allows users to personalize their profiles. American social news website and forum Reddit has announced a new program where qualifying users can be rewarded with money for their contributions. Within the Contributor Program, qualifying Redditors, including mods, can receive fiat money for the content they share on Reddit. The content will be estimated based on the karma and gold they’ve...

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TikTok Introduces New AI Content Labels for Enhanced Transparency

Starting this week, TikTok plans to begin testing the “AI-generated” labels, which will automatically mark content identified as having been edited or created using AI. In response to the increasing use of artificial intelligence (AI) in content creation, TikTok has unveiled a new feature to enhance users’ transparency on the platform. On September 19, the social media giant announced its plans to introduce new tools and technologies that allow content creators to label AI-generated...

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Elon Musk: X Moving toward Charging Small Fee for Using Platform

The amount to be charged has not been revealed. Currently, the X platform has 550 million monthly users who generate 100 to 200 million posts every day. On Monday, tech billionaire Elon Musk had a conversation with Israeli Prime Minister Benjamin Netanyahu. The discussion was mostly about the theoretical risks of artificial intelligence technology and AI regulation. During the talks, Elon Musk also shared his plans for the upcoming future and revealed that the X platform (formerly Twitter)...

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Meta Dismisses WhatsApp Ads Reports

WhatsApp has a user base of over 2 billion people worldwide and analysts have predicted that it will eventually take advantage of this and monetize the service. Tech giant Meta has dismissed claims that it is considering adding ads to its WhatsApp messaging app. This comes after the Financial Times reported that teams at Meta have been exploring the possibility of showing ads in lists of conversations with contacts on the WhatsApp chat screen. The report also claimed that the company was...

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Elon Musk’s X Launches Account Verification through Government ID

X has also outlined its future plans to streamline the checkmark review process for users who verify their IDs. Elon Musk‘s X, formerly Twitter, has recently launched its new account verification system using government ID. This will allow users of its premium plans to prevent impersonation while giving them additional benefits such as “prioritized support”. X Account Verification The social network has joined forces with Israel-based Au10tix to implement identity verification solutions....

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X Rival Social Networking App Bluesky Now Has 1 Million Users

Although Bluesky crossed one million downloads a few months ago, not all users who downloaded the app had accounts as access is restricted. Social networking service Bluesky has now hit a million users. The app, which originally spun out of Twitter (now known as X), officially hit this milestone, according to a recent post. A strategy and operations personnel at Bluesky, Rose Wang made a post on X announcing the news. According to an image posted by Wang, Bluesky has 1,000,055 users....

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TikTok Officially Launches Its E-Commerce Shop in United States

To encourage collaboration, TikTok Shop has introduced an affiliate program, allowing sellers to partner with creators on a commission basis to promote their products. TikTok has launched its long-anticipated e-commerce platform, TikTok Shop, in the United States, marking a significant milestone in the evolution of online shopping. With a user base of over 150 million in the country, the move aims to revolutionize how Americans shop online. The popular social media platform launched the...

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