Meta to Stop NFTs Support on Facebook and Instagram
By
Darya Rudz
Meta believed that Web3 would positively enhance the economic model for creators by “giving them the ability to create new types of digital assets to monetize”.
Social Media
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TikTok Revenue from In-App Purchases Far Outweighs Its Top Rivals
TikTok generated more than $350 million from IAPs in the fourth quarter.
Decentralized Twitter Alternative BlueSky Launches on App Store
The new social app has a similar user interface to that of Twitter.
US Senate Poised to Greenlight Bill Advocating for TikTok Ban
By
Tolu Ajiboye
The US Congress is readying a votable bill to pave the way for a broader ban on TikTok to reduce Chinese control of US data.
Meta Announces New AI Team to Develop ‘Creative and Expressive’ Social Media Products
By
Tolu Ajiboye
Meta Platforms has created a new AI team dedicated to enhancing the experience of its social media services.
Twitter Employees Sent Packing in New Round of Layoffs
This layoff round affected staff working on product management, and data science, and engineers who worked on machine learning and site reliability being sent off.
Web3 Streaming Platform Audius Partners with TikTok on Another New Feature
By
Sanaa Sharma
With AUDIO, the token of the Audius platform, listeners could send tips to any artist who publishes their music on the platform, whether they have a massive following or not.
Elon Musk Attorney Seeks Removal of Twitter Review Deal with SEC
By
Tolu Ajiboye
Alex Spiro argues that the Elon Musk – SEC deal is moot following the Tesla CEO’s securities fraud trial victory.
BofA: Facebook and Instagram Could Reach 12 Million Paid Subscribers by 2024
By
Darya Rudz
According to BofA analyst Justin Post, the paid subscribers could help Meta generate as much as $1.7 billion in high-margin revenue in 2024.
Meta Launches Paid Verification System ‘Meta Verified’ for Facebook and Instagram
By
Darya Rudz
Those who subscribe to the service will get support for common issues related to the subscription.