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Spotify Subscribers Grow to 268 Million Even as Streaming Firm Misses Quarterly Estimates
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it ...
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Meta Opens Threads to Advertisers Globally
Meta Platforms said on Wednesday it is expanding advertising on its social network Threads to all eligible advertisers globally. A growing user base on Threads—exceeding 320 million monthly users—and uncertainty surrounding a potential TikTok ban in the US could bolster Meta's ability to attract advertisers.
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Instagram Co-Founder Says Mark Zuckerberg Saw App’s Growth as ‘Threat’
Instagram co-founder Kevin Systrom testified that the app could have succeeded without being acquired by Meta Platforms. Systrom, testifying Tuesday at Meta’s antitrust trial in Washington, recounted how quickly Instagram was growing before Zuckerberg’s purchase offer.
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Meta's Zuckerberg Eyed Instagram Spinoff Amid Antitrust Scrutiny, Document Shows
Meta CEO Mark Zuckerberg considered spinning off Instagram in 2018 over concerns about growing risk of antitrust scrutiny. The document was shown during Zuckerberg's second day of testimony at the high-stakes trial, in which the Us Federal Trade Commission is seeking to unwind Meta's acquisitions of prized assets Instagram and WhatsApp.
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Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
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Amid TikTok Ban Concerns, Americans Moving To RedNote. Here's What It Is
As fears of a TikTok ban grow in the US, American users are flocking to Xiaohongshu, also known as RedNote, making it to the top of the US app store charts.
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Spotify for Podcasters Evolves Into a New Platform for Creators With Monetisation, Analytics and More
Spotify for Podcasters – the all-in-one podcasting platform – introduced one of its biggest updates ever at its Now Playing event on Wednesday. It brings a new partner program which lets users monetise video podcasts, rolls out more tools for growing the audience, and offers improved analytics. Furthermore, the app has been renamed and revamped...
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Meta Testing New Feature That Allows You to Post Instagram Reels Directly on Threads
Threads was launched a year ago as Meta's direct micro-blogging rival to Elon Musk's X (formerly known as Twitter). As the platform continues to grow, Meta is eyeing to add a range of fresh functionalities to the app. The social media giant seems to be working on a new feature to let users post Instagram Reels and posts directly to Threads.
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Snap to Focus on Ads Business, AR Amid Poor Stock Performance
Snap is set to lay its focus on boosting advertising business and work around AR, as confirmed by CEO Evan Spiegel. The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players.
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Google Brings AI Assistant Gemini's Mobile App To India In 9 Languages
Amid the growing debate over artificial intelligence (AI) models, Google on Tuesday launched its AI assistant Gemini's mobile app in India.
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Brazil’s Largest Bank Opens Crypto Trading for Over 60 Million of Its Users
Brazil’s largest bank Itau Unibanco has opened crypto trading services for its massive userbase of over 60 million. Guto Antunes, the head of Itaú Digital Assets said that the acceptance of the crypto trading service was high. The bank had conducted weekly surveys with the clients that were part of the trials.
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Netflix Ad-Supported Plan Crosses 40 Million Monthly Active Users, Company Says
Netflix's ad-supported tier has grown to 40 million global monthly active users, the company has announced. The number of subscribers has shot up from 5 million in 2023 and the increase has taken place as the company faces intense competition from rivals. The firm introduced the ad-supported plan in November 2022. The company has also announced tha...
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‘Growing Strong in India’: Shiba Inu Said to Be Top Traded Memecoin on WazirX in March
WazirX has revealed that memecoin Shiba Inu emerged as the most-traded crypto on its platform in March this year. The development indicates that most of the investors engaging with crypto through its app chose to purchase SHIB over its competitor Dogecoin.
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"Today. Tomorrow. Always": Paytm Founder's Post Amid RBI Clampdown
Amid growing concern over Paytm operations, its founder assured users that the digital payment app will keep working "today, tomorrow, always." In a post on X, Vijay Shekhar Sharma shared a full-page newspaper advertisement.
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"PaytmKaro...": Founder Vijay Shekhar Sharma Amid Concern Over RBI Order
Paytm founder Vijay Shekhar Sharma on Friday morning - amid growing concern over the operational status of the digital payments app - has told users "your favourite app is working (and) will keep working beyond February 29 as usual".
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Spotify Subscribers Grow to 268 Million Even as Streaming Firm Misses Quarterly Estimates
Spotify reported operating profit that missed estimates even as it saw a surge in subscribers in the first quarter. The profit miss overshadowed a stronger gain in subscribers in the first three months of the year, showing that the streaming service’s strategy of expanding beyond music into audiobooks and podcasts is luring more fans even as it ...
-
Meta Opens Threads to Advertisers Globally
Meta Platforms said on Wednesday it is expanding advertising on its social network Threads to all eligible advertisers globally. A growing user base on Threads—exceeding 320 million monthly users—and uncertainty surrounding a potential TikTok ban in the US could bolster Meta's ability to attract advertisers.
-
Instagram Co-Founder Says Mark Zuckerberg Saw App’s Growth as ‘Threat’
Instagram co-founder Kevin Systrom testified that the app could have succeeded without being acquired by Meta Platforms. Systrom, testifying Tuesday at Meta’s antitrust trial in Washington, recounted how quickly Instagram was growing before Zuckerberg’s purchase offer.
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Meta's Zuckerberg Eyed Instagram Spinoff Amid Antitrust Scrutiny, Document Shows
Meta CEO Mark Zuckerberg considered spinning off Instagram in 2018 over concerns about growing risk of antitrust scrutiny. The document was shown during Zuckerberg's second day of testimony at the high-stakes trial, in which the Us Federal Trade Commission is seeking to unwind Meta's acquisitions of prized assets Instagram and WhatsApp.
-
Google, Apple Hit by Twin EU Rebuke Amid Big Tech Crackdown
The European Commission chastised Google for allegedly breaching the bloc’s landmark Digital Markets Act by favoring in-house services across its sprawling search empire and for preventing app developers from steering consumers to offers outside of its Play Store. Meanwhile, Apple was told it must loosen the shackles on its prized iPhone operatin...
-
Amid TikTok Ban Concerns, Americans Moving To RedNote. Here's What It Is
As fears of a TikTok ban grow in the US, American users are flocking to Xiaohongshu, also known as RedNote, making it to the top of the US app store charts.
-
Spotify for Podcasters Evolves Into a New Platform for Creators With Monetisation, Analytics and More
Spotify for Podcasters – the all-in-one podcasting platform – introduced one of its biggest updates ever at its Now Playing event on Wednesday. It brings a new partner program which lets users monetise video podcasts, rolls out more tools for growing the audience, and offers improved analytics. Furthermore, the app has been renamed and revamped...
-
Meta Testing New Feature That Allows You to Post Instagram Reels Directly on Threads
Threads was launched a year ago as Meta's direct micro-blogging rival to Elon Musk's X (formerly known as Twitter). As the platform continues to grow, Meta is eyeing to add a range of fresh functionalities to the app. The social media giant seems to be working on a new feature to let users post Instagram Reels and posts directly to Threads.
-
Snap to Focus on Ads Business, AR Amid Poor Stock Performance
Snap is set to lay its focus on boosting advertising business and work around AR, as confirmed by CEO Evan Spiegel. The announcement comes amid a challenging period for the Snapchat owner, as it contends with major social media players.
-
Google Brings AI Assistant Gemini's Mobile App To India In 9 Languages
Amid the growing debate over artificial intelligence (AI) models, Google on Tuesday launched its AI assistant Gemini's mobile app in India.
-
Brazil’s Largest Bank Opens Crypto Trading for Over 60 Million of Its Users
Brazil’s largest bank Itau Unibanco has opened crypto trading services for its massive userbase of over 60 million. Guto Antunes, the head of Itaú Digital Assets said that the acceptance of the crypto trading service was high. The bank had conducted weekly surveys with the clients that were part of the trials.
-
Netflix Ad-Supported Plan Crosses 40 Million Monthly Active Users, Company Says
Netflix's ad-supported tier has grown to 40 million global monthly active users, the company has announced. The number of subscribers has shot up from 5 million in 2023 and the increase has taken place as the company faces intense competition from rivals. The firm introduced the ad-supported plan in November 2022. The company has also announced tha...
-
‘Growing Strong in India’: Shiba Inu Said to Be Top Traded Memecoin on WazirX in March
WazirX has revealed that memecoin Shiba Inu emerged as the most-traded crypto on its platform in March this year. The development indicates that most of the investors engaging with crypto through its app chose to purchase SHIB over its competitor Dogecoin.
-
"Today. Tomorrow. Always": Paytm Founder's Post Amid RBI Clampdown
Amid growing concern over Paytm operations, its founder assured users that the digital payment app will keep working "today, tomorrow, always." In a post on X, Vijay Shekhar Sharma shared a full-page newspaper advertisement.
-
"PaytmKaro...": Founder Vijay Shekhar Sharma Amid Concern Over RBI Order
Paytm founder Vijay Shekhar Sharma on Friday morning - amid growing concern over the operational status of the digital payments app - has told users "your favourite app is working (and) will keep working beyond February 29 as usual".
