Tag: social-media

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Embraced by millions, Turbocharged virtual button that changed the world

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Early 2000s, Yelp a start-up came up with a novel and friendly feature for the emergent world wide web. Ordinary users could post reviews of restaurants that everyone could read. As there were very few people who were really interested in writing things on the internet. Yelps engineers needed to give them a reason to. The story of how they incentivised this user-generated content is the jumping off point for Like.  Yelp reckoned people might be compelled to post reviews if they received compliments from others. Did you know, over 160 billion times a day, someone taps a like button. How … Continue reading Embraced by millions, Turbocharged virtual button that changed the world

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TikTok lawsuit to block a US Law rising free speech concerns

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As tensions rise between the world’s two biggest economies, the Department of Commerce confirmed it had revoked permissions that had allowed US companies to export certain goods to Chinese technology giant Huawei. The US exports computer chips to Huawei starting in 2019, citing ties to the Chinese military. TikTok has filed a lawsuit to block a US law that would ban the video app in the US unless it is sold by its Chinese parent company, calling the act an “ extraordinary intrusion on free speech rights” of the company and its 170 million American users and followers. They asked … Continue reading TikTok lawsuit to block a US Law rising free speech concerns

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Telegram reach 900 million users

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Pavel Durov, owner of Dubai-based Telegram, the secretive messaging app has over 900 million users, up from 500 million users in 2021 says  Telegram had grown to become one of the world’s most popular social media apps while making hundreds of millions of dollars in revenue after introducing advertising and premium services two years ago. The company is moving closer to a potential stock market listing. Russian-born founder Mr. Durov said “We are hoping to become profitable next year, if not this year”. The group had been offered $30bn-plus valuations from potential investors including global late stage tech funds but … Continue reading Telegram reach 900 million users

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Elon Musk didn’t break Twitter, Twitter broke Elon Musk

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Ben Mezrich, New York Times bestselling author, reveals the most volatile, complex, and bizarre corporate takeover in historyL Elon Musk’s acquisition and subsequent occupation of Twitter. In October 2022,  Elon Musk marched through Twitter’s front door carrying a kitchen sink, tweeting a message to his millions of followers: “ Let that sink in”. His takeover came with the promise of. Fundamental changes, but nothing could prepare the company for the chaos to come – brutal, sometimes arbitrary mass firings, an exodus of advertisers and blue-tick celebrities and a vicious Shakespearean battle for control. Mezrich provides a novelistic recap of Musk’s … Continue reading Elon Musk didn’t break Twitter, Twitter broke Elon Musk