Snap acquires Fit Analytics, a fitting technology startup, to double down on fashion and e-commerce
“Snap, Inc. is a camera company,” Snap notes on its homepage, and while a lot of its effort up to now have been about using that camera ethos to help…
Read more »
Webull, M1 and Public remove restrictions on ‘meme stocks’ after citing trade settlement firm as the cause
Three of the popular retail stock market trading apps that have hosted much of the activity related to the Wall Street Bets subreddit-spurred run on stocks including GameStop (GME) and…
Read more »
The complicated calculus of taking Facebook’s venture money
Facebook is reportedly getting into the venture capital game, but for young entrepreneurs working in social media, ignoring or deleting that particular friend request could be the right call. According…
Read more »
Twitter Q1: sales up 3% to $808M as it swings to a loss on COVID-19, mDAUS hit record 166M
Despite traffic for many online properties being at an all-time high, advertising has fallen off a cliff because of the downturn in consumer activity outside the home and the wider…
Read more »
Twitter CEO’s weak argument why investors shouldn’t fire him
Twitter CEO Jack Dorsey might not spend six months a year in Africa, claims the real product development is under the hood, and gives an excuse for deleting Vine before…
Read more »
As Morgan Stanley buys E-Trade, Robinhood preps social trading
Before it was worth $7.6 billion, the original idea for Robinhood was a stock-trading social network. At my kitchen table in San Francisco in 2013, the founders envisioned an app…
Read more »
Solve, the startup creating an interactive ‘Law & Order’ for social media, raises $20 million
When “Law & Order” ended its 20-year run in 2010, it had already cemented its place as one of the longest-running television dramas in history. Its success was a testament…
Read more »
Facebook shares rise on strong Q3, users up 2% to 2.45B
Despite ongoing public relations crises, Facebook kept growing in Q3 2019, demonstrating that media backlash does not necessarily equate to poor business performance. Facebook reached 2.45 billion monthly users, up…
Read more »New startup Capital wants to reintroduce founders to venture debt
Why raise venture capital when you can raise debt and keep your equity? That’s the question a whole slew of new financial technology companies are hoping entrepreneurs will ask themselves…
Read more »
Lowlights from Zuckerberg’s Libra testimony in Congress
“I don’t control Libra” was the central theme of Facebook CEO Mark Zuckerberg’s testimony today in Congress. The House of Representatives unleashed critiques of his approach to cryptocurrency, privacy, encryption…
Read more »