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The Latest Breaking News from Social Networking

Reddit's Closing In On Meta: EBITDA Margins Hit 33% In Early Monetization Push: Revenue Per User 'Is Still Low,' 'Remains An Opportunity'

Social media platform Reddit Inc. (NYSE: RDDT) had a strong second-quarter performance, with its profitability metrics now within striking distance of mature social networking companies such as Meta Platforms Inc. (NASDAQ:META).

Benzinga

Why the cofounder of Nextdoor came back after five years of investing in startups

Sarah Leary is returning to her old stomping grounds to help usher in a new era of the neighborhood social networking platform.

Fortune

Author Of Explosive Meta Memoir To Star At US Senate Hearing

The former Facebook employee behind a scathing book about parent company Meta will testify Wednesday before US senators keen to establish whether the social networking giant ever collaborated with the Chinese government.

International Business Times

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Elon Musk Says XAI Startup Buying X Platform

Elon Musk on Friday said his artificial intelligence startup xAI is buying his social networking platform X in a deal valuing the company once known as Twitter at $33 billion.

International Business Times

Wall Street Sells £4.41B of X Loans as Investors Bet on Strong Financials, Advertisers Returning to Musk's Firm

X's improving 2024 EBITDA, major advertisers like Apple mulling a comeback to the platform, and Amazon ramping ad spending led investors to buy £4.41B of 2022 debt used by Musk to take over the social networking platform.

International Business Times UK

Reddit's new AI search tool will emancipate the social networking platform from an overdependency on Google for traffic: "People know that Reddit has answers."

Reddit recently launched Reddit Answers. The AI-powered tool is designed to make it easier for users to find information on the social networking platform.

Windows Central

11 Best SMM Panels for Instagram, TikTok, Twitter & More

Living in a post-pandemic world where everything has shifted online, points to how important a brand and an individual's presence online is. Whether it be on social networking sites such as Twitter, Facebook, Instagram, and so on, in order for a ...

USA Today Sports Media Group

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What is the Online Safety Act and why have riots reopened debates about it?

Recent rioting and unrest in the UK has led to calls for the Online Safety Act to be revisited. Mayor Sadiq Khan has called it “not fit for purpose” and Cabinet Office minister Nick Thomas Symonds suggested that the government could change the law, which was passed under the previous…

The Conversation

Tiruchi Corporation warns public against false message regarding scholarships

The Tiruchi Corporation has issued a warning against those spreading false messages via social networking apps stating that the application form to avail a scholarship of ₹10,000 and ₹25,000 for students who secured above 75% marks in SSLC and 85% in Class 12 respectively, is being issued in its office

The Hindu

Jack Dorsey Leaves Bluesky Project, Reasons Remain Undisclosed.

Explore Jack Dorsey's departure from Bluesky and the platform's commitment to decentralized social networking, empowering users in a thriving community.

Top News

Stock Market Today: Indexes Mixed As Cathie Wood Stock Soars On Strong Outlook; Google AI Partner Files For IPO

Stock market today: Indexes had a mixed day on Friday. Social networking site Reddit filed for IPO. Software stocks set up ahead of earnings.

Investors Business Daily

2024, year of the deepfake? Artificial intelligence and the changing face of politics

Does the buck stop in Brussels? The EU has opened its first-ever proceedings over social media content. In its crosshairs is Elon Musk’s X – formerly Twitter – over illegal posts and disinformation. It follows an initial warning over a deluge of hate spewed on the social networking site in…

France 24

Disinformation presents major threat to democracy, media credibility: N. Ram

Disinformation that has been “scaled up and weaponised” on social networking platforms presents a major challenge and threat to democracy and media credibility, N. Ram, Director, The Hindu Group Publishing Private Limited, said on Sunday. Speaking at the opening session of the fifth World Media Summit (WMS) held in Guangzhou,…

The Hindu

Kollam to become first digitally literate district in Kerala

Kollam to become first digitally literate district in Kerala. Jointly implemented by Sree Narayanaguru Open University and district panchayat. Training programme to enable effective use of digital jobs and services, secure online financial transactions, and maintain dignity and tolerance in social networking. Any person with smartphone can join, classroom training…

The Hindu

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The Hindu

Kollam Collector’s Onam dance goes viral

The bureaucrat in traditional Kerala attire grooving to the tune of Onapattin thalam thullum went viral over social networking sites accumulating a multitude of views and shares in no time.

The Hindu

Chennai gets a social networking platform for food

Chennai has now got a home-grown social networking platform for food enthusiasts. Called Foodwall, the platform will help consumers to engage over anything and everything pertaining to food. “One big problem typically all of us face is where do we go out to eat, to experiment is always an apprehension…

The Independent UK

Posts show Texas mall gunman researched attack for weeks

Posts by Mauricio Garcia on a Russian social networking site suggest that the 33-year-old planned for weeks before he opened fire at a suburban Dallas shopping mall last weekend, killing eight people and wounding seven others

Investors Business Daily

Pinterest Stock Jumps On A Positive Report About Advertising Effectiveness

Positive feedback from advertisers on Pinterest has resulted in the social networking company getting an upgrade and price target hike.

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The New Daily

Grindr warns Egypt users about police entrapment

Gay social networking app Grindr is warning Egyptian members to be on the look out for fake accounts set up by police

The Independent UK

LGBTQ dating app Grindr issues warning to users in Egypt

AAP

Life360 expects to be cashflow positive by Q2

Family social networking platform Life360 has access to its money at Silicon Valley Bank and expects to start growing its funds next quarter.

Dynamite News

New Zealand bans TikTok on phones of MPs amid rising security concerns

Amid security concerns, the video-sharing social networking service, Tik Tok has been banned on the phones of New Zealand MPs. Read further on Dynamite News:

Daily Mirror

Couple fell in love after meeting on Nextdoor - after 40 years of being neighbours

Chris Place, 44, went on the hyperlocal social networking service to look for bargains and spotted Michelle Tooby, 42, and soon the pair hit it off and started dating

Tribune News Service

Twitter cuts more engineering, product jobs to curb costs

Twitter Inc. laid off more workers late Saturday in a fresh wave of cuts meant to curb costs at the social networking company now owned by Elon Musk.

Asharq Al-Awsat

Meta Says Trump to Be Allowed Back on Facebook, Instagram

Social networking giant Meta announced Tuesday it would soon reinstate former president Donald Trump's accounts on Facebook and Instagram with "new guardrails," two years after he was banned over the 2021 US Capitol insurrection. "We will be reinstating Mr.

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