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Twitter writes off $70 million SoundCloud investment

Twitter has written off a $70 million investment it made in SoundCloud, the music streaming service. Twitter put the money into SoundCloud in in 2016, via its Twitter Ventures unit, in a deal that valued the company at $700 million. Now Twitter, via its 2017 annual report, says it has written off $66.4 million it… Read More »

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Twitter’s CEO downplays chatter about possible acquisition

Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target. “I’ve always thought that there’s a lot of strength to our independence. We can work on every device. We can work… Read More »

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Snapchat new update attracts outrage

Last week Snapchat rolled out its biggest redesign since the app launched in 2011.  The recent update drastically changed the way the app is set up, and also changed the way that users interact with the app and service. People are not happy. The update split the app into two major sections: friend content to… Read More »

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Facebook launches Sh1bn community leader awards

Facebook launched a community leadership program on Friday that will award $10 million  in total to more than 100 people who have successfully built groups on the social network as part of its push to create “meaningful” interactions. The initiative, announced at a Facebook Communities Summit in London, will give five people with a track… Read More »

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Facebook is testing a downvote feature

Facebook is testing out a new feature that lets users downvote comments – which could herald one of the biggest overhauls in years to the social network. In a series of tweets, tech reporter Taylor Lorenz posted pictures of her Facebook feed showing the option to “downvote” comments, alongside the Like and Reply buttons. Multiple… Read More »

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