PayPal in talks to buy Pinterest October 20, 2021 Payments behemoth PayPal Holdings is in talks to buy digital pinboard site Pinterest. The companies have discussed a potential price of $70 per share, according to Bloomberg News. This would value Pinterest at around $39bn. The price would represent a 26 per cent premium to Pinterest’s closing price of $55.58 on Tuesday. PayPal’s shares were [...]
Charlotte Tilbury hit with Instagram ban over posts from Made in Chelsea star October 13, 2021 Beauty brand Charlotte Tilbury was faced with an Instagram ban this morning after ads from Made in Chelsea star Eliza Batten failed to mention that they were paid-for posts. An Instagram reel and story posted by former Made In Chelsea star Eliza Batten in January showed her applying various Charlotte Tilbury products, with a swipe-up [...]
Nick Clegg says Facebook is ‘pleased’ with historic tax deal, even if it means paying more October 9, 2021 Nick Clegg, Facebook’s vice president for global affairs, said today the social media giant welcomes the corporate tax agreement that 140 countries around the world agreed this week. “We are pleased to see an emerging international consensus,” Clegg said in a statement sent to City A.M. this afternoon. Under the agreement, countries would enact a [...]
Facebook down again: How persistent is the problem and which sites crash the most? October 9, 2021 Facebook and Instagram were down again for millions of users across the UK last night. The platforms apologised on Twitter for the outage, doing so for the second time this week after another, prolonged down time on Monday. Websites go down all the time from more serious issues like cyber attacks to problems in-house, with [...]
Whistleblower Frances Haugen: Facebook extends users’ stay to drive advertising October 6, 2021 During a Senate Commerce subcommittee hearing last night, in which U.S. lawmakers pounced on Facebook, whistleblower Frances Haugen called for transparency about how the social media giant entices users to extend their stay on the site, giving them ample opportunity to advertise to them. Watch the full report.
Mark Zuckerberg loses $6bn in Facebook selloff spree following global outage October 5, 2021 Mark Zuckerberg has lost $6bn in a Facebook selloff spree that followed in the wake of a massive server outage yesterday, as well as accusations against the social media giant in relation to children’s interests through its flagship product Instagram. Zuckerberg came down a notch on the richest man’s list as Facebook’s stocks plummeted 4.9 [...]
Facebook shaken after its longest downtime in years with billions of users impacted October 5, 2021 Social media platform Facebook has come back up after suffering a six hours long outage crippling its nearly 3bn users globally. The technical glitch affected Whatsapp and Instagram too, both owned by Facebook. According to Downdetector, a portal that keeps track of major service outages, this was the longest lasting downtime reported by Facebook since [...]
The day 3.5bn people lost access: Facebook blames global outage on ‘configuration change’ October 5, 2021 Facebook cited faulty configuration changes on its routers as the root cause of the nearly six-hour outage that prevented the company’s 3.5bn users from accessing its social media and messaging services. Watch the full report.
Facebook hits pause on new Instagram app for children after fierce criticism September 28, 2021 Instagram has hit pause on a new app it is creating for kids, the photo-sharing service owned by Facebook said late last night UK time. It’s a decision that comes amid growing opposition for the project. Watch the full report.
Twitter jumps on crypto bandwagon as it rolls out Bitcoin tipping functionality September 24, 2021 Twitter will now allow people to tip their favourite content creators with bitcoin and it will test new ways to help users have a safer experience on the social media app, the company said last night. Watch the full report.