ShareChat valued at $2.1 billion in $502 million fundraise

ShareChat said on Thursday it has raised a new financing round that values it at over $2 billion, joining four other local startups in attaining the unicorn status this week….

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Facebook tests Hotline, a Q&A product that’s a mashup of Clubhouse and Instagram Live

Facebook’s internal R&D group, NPE Team, has today launched its latest experiment, Hotline, into public beta testing. The web-based application could be described as a mashup of Instagram Live and…

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As competition heats up, TikTok announces six new interactive music effects for creators

TikTok today is doubling down on its roots as a music-backed creation app with the launch of a half dozen new music effects for creators. The effects, which offer interactivity,…

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Lawmakers press Instagram for details on its plans for kids

A group of Democratic lawmakers wrote to Mark Zuckerberg this week to press the CEO on his plans to curate a version of Instagram for children. In a hearing last…

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Clubhouse launches payments so creators can make money

Clubhouse, a one-year-old social audio app reportedly valued at $1 billion, will now allow users to send money to their favorite creators — or speakers — on the platform. In…

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Facebook says Trump can’t skirt its ban through daughter-in-law’s account

Trump’s daughter-in-law Lara Trump promoted a new interview with the former president on Facebook and Instagram Tuesday, but a workaround to Trump’s ban on two of the world’s most popular…

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Discord is launching new Clubhouse-like channels for audio events

Everyone is scrambling to build a Clubhouse clone right now, but for Discord it makes perfect sense. With everyone stuck at home searching for safe ways to rekindle their social…

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Slack wants to be more than a text-based messaging platform

Last October as Slack was preparing for its virtual Frontiers conference, the company began thinking about different ways people could communicate on the platform. While it had built its name…

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Twitter CEO Jack Dorsey busted for tweeting during congressional hearing

Twitter CEO Jack Dorsey got called out by Rep. Kathleen Rice (D-NY) for tweeting during today’s congressional hearing on disinformation and extremism. The tech exec’s tweet was likely expressing frustration…

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Social media CEOs hedge on whether they’d boot the 12 anti-vax ‘super-spreaders’ cited by states’ attorneys general

On Wednesday, a coalition of a dozen state attorneys general called on Facebook and Twitter to step up their enforcement of their community guidelines to curtail the spread of COVID-19…

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