Facebook’s parent company Meta announced the sale of Giphy after its purchase of the GIF maker was blocked by competition regulators in the UK
The Meta fine coincides with the fifth anniversary of the EU’s General Data Protection Regulation, widely seen as the world’s benchmark for privacy
The move is part of a cost-cutting push that will eventually whittle away 10,000 positions at the company
Meta is testing the subscription product first in Australia and New Zealand, starting later this week
The acquisition aims to create a unified social commerce platform for micro merchants, fempreneurs and webpreneurs across the MENA region
Users will soon see “show more” and “show less” buttons on posts that appear in their feed
Meta may sell $8bn to $10bn of debt depending on demand, with proceeds used for general corporate purposes
The main feed on Facebook will now be called ‘Home,’ and will be a place for people to discover new content
Additional profiles are required to adhere to Facebook’s content policies and will tie back to user’s core account
Javier Olivan, who has led the company’s growth efforts for years, will take Sandberg’s place as COO when she formally steps down in fall
The new update to Instagram, already available in the US and slated to roll out globally, allows teens to invite a parent to supervise their accounts
S-commerce has several other factors going in its favour
The Ministry of Economy’s Entrepreneurial Nation project intends to provide support to startups through a series of public-private partnerships
January’s employment report due Friday is expected to be weak
For NFT owners, the opening to social media presents an opportunity to add value to their holdings
How the temporary outage on Facebook’s platforms was leveraged as a marketing opportunity by Twitter
The announcement was made at Facebook’s Connect conference
Downdetector.com stated in a post that the Facebook outage has become the largest in its history with over 10.6 million reports from all over the world
WhatsApp and Facebook took to Twitter, saying it is working to get things back to normal.
Schroepfer will continue to advise the company in a new part-time ‘senior fellow’ role
As organisations across the MENA region march ahead with technology-centric transformations, we profile 10 senior executives from global technology firms with a substantial presence in the region, and who play an influential role in the regional tech industry
With attention spans getting shorter and competition getting tougher, there is a constant need to keep social media content fresh and exciting
Facebook also started testing a limited version of Messenger’s inbox in the core Facebook app last fall
Facebook also is expanding the number of workers who are allowed to move to other countries
The #LoveLocal Campaign to boost SMBs affected by coronavirus and Port explosion
U.S. antitrust officials, states, seek to break up Facebook over monopoly fears
Customers can extensively browse through the Lexus range on their Facebook mobile app
Fadi Khater, founder and managing partner of digital marketing agency Netizency, provides an overview of social media trends in the region
The Seattle-based company had previously said workers could stay home until early 2021