Award-winning reporter Elizabeth Thompson covers Parliament Hill. A veteran of the Montreal Gazette, Sun Media and iPolitics, she currently works with the CBC’s Ottawa bureau, specializing in investigative reporting and data journalism.
Category: Facebook
Bitcoin Plummets 18% as SEC Rejects Winklevoss ETF Proposal
Bitcoin’s price plummeted after U.S. regulators rejected a proposal by the Winklevoss twins for a publicly traded fund based on the digital currency, dashing hopes that a government-approved investment vehicle would lead to wider interest in virtual money. The Securities and Exchange Commission refused to grant an exemption that would have let the Winklevoss Bitcoin Trust trade on the Bats BZX Exchange, according to a filing posted Friday on the regulator’s website.
Facebook Now Has 4 Snapchat Clones
Facebook has four extremely popular apps. Its flagship Facebook app is quickly closing in on 2 billion active users, Messenger and WhatsApp have over 1 billion each, and Instagram has managed to attract 600 million users.
Facebook Now Has 4 Snapchat Clones
Facebook has four extremely popular apps. Its flagship Facebook app is quickly closing in on 2 billion active users, Messenger and WhatsApp have over 1 billion each, and Instagram has managed to attract 600 million users.
The 10 Most Innovative Companies In Social Media 2017
Gone are the days of managing regularly updated Facebook profiles or Twitter accounts and calling it “social media.” Our very means of social connectivity have transformed in the last year, demanding that users and companies alike adapt to new platforms and ever-changing trends.
Snap slides as Wall Street ends lower
Shares in Snap, the owner of Snapchat, slid 12% on Monday to close below the price at which they started trading just last week in New York. Snap closed 44% higher at $24.48, valuing the company at $28bn, after it raised $3.4bn in the richest US technology company listing since Facebook in 2012 However, analysts have given mixed views on the future of Snap, debating whether it can emulate the success of Facebook, sending shares down $3.32 to close at $23.77.
How Snap’s Market Debut Compared With the IPOs of Twitter, Facebook
Snap’s shares jumped 44% on Thursday, while Twitter soared 73% in its market debut and Facebook rose less than 1%. In the lead-up to Snap’s successful IPO on Thursday, many investors were already comparing the company to Facebook and Twitter .
Whoa s heading for space on Muska s mysterious mission?
SpaceX’s Dragon cargo ship is captured by astronauts at the International Space Station on Thursday, Feb. 23, 2017, a day after a GPS problem prevented the capsule from coming too close. The other day, we took a wild guess and came up with some names of possible ticket-buyers who want to circle the Moon on Elon Musk’s rocket.
Snap Leaps in Debut Even as Concerns Over Growth Threaten Rally
Snap Inc. surged 44 percent in its stock market debut, valuing the disappearing-photo app maker at more than $28 billion. That’s a vote of confidence in the company’s ability to grow quickly and fulfill its promise of new products to change how people communicate.
Snap Jumps in Trading Debut After Year’s First U.S. Tech IPO
Snap Inc., maker of the disappearing photo app that relies upon the fickle favor of millennials, jumped in its trading debut after pricing its initial public offering above the marketed range. Shares opened at $24 and traded as high as $25.42 apiece Thursday, giving the company a market valuation of about $29 billion, based on the total number of shares outstanding after the offering in the deal prospectus.
Should we fear the future of Facebook?
Mark Zuckerberg, chairman and CEO of Facebook, speaks at the CEO summit during the annual Asia Pacific Economic Cooperation forum in Lima, Peru, on Nov. 19, 2016. Zuckerberg hopes the platform can help its users become better informed and engaged in local and global politics.
For marijuana advertisers, options are limited
In San Francisco last year, a growers collaborative bought ads on dozens of city buses and billboards promoting their “small batch” crops. The tagline: “That’s cannabis, the California Way.”
In Bid To Spur Growth of VR Market, Oculus Drops Price of Rift By $200
The consumer VR industry is currently in a bit of a chicken-and-egg loop, with most hardware makers seeing modest sales, in part because there’s not enough great VR content available-which of course is due to the fact that many developers are wary of building content for platforms that aren’t yet fully mainstream. Still, the market for VR hardware is expected to hit $3.6 billion this year, and $37.7 billion for hardware and software by 2020 .
Does Snap CEO Evan Spiegel Need Adult Supervision?
In this Thursday, Oct. 24, 2013, file photo, Snapchat CEO Evan Spiegel poses for a photo in Los Angeles. Snap Inc., owner of the ephemeral message service Snapchat, seeks to raise up to $3 billion in an initial public offering.
Does Snap CEO Evan Spiegel Need Adult Supervision?
In this Thursday, Oct. 24, 2013, file photo, Snapchat CEO Evan Spiegel poses for a photo in Los Angeles. Snap Inc., owner of the ephemeral message service Snapchat, seeks to raise up to $3 billion in an initial public offering.
In An Uncertain World, These Are The Business Trends We Can Count On
It’s never been good form to talk about politics among friends, but today it just can’t be helped. The Trump Administration is approaching governing in a radically different way, and the uncertainty that it breeds can have a paralyzing effect.
Trump spurred a ‘consumer awakening’ that is pushing…
On January 27, President Donald Trump signed an executive order barring refugees and immigrants from seven predominantly Muslim countries from entering the US. Before the day was over, Facebook’s CEO had published a post denouncing the order.
Trump spurred a ‘consumer awakening’ that is pushing…
On January 27, President Donald Trump signed an executive order barring refugees and immigrants from seven predominantly Muslim countries from entering the US. Before the day was over, Facebook’s CEO had published a post denouncing the order.
Twitter, Snapchat Probed in France as Facebook Alters User Terms
French fraud watchdogs are investigating potential abusive clauses in the terms and conditions applicable for users of Twitter Inc., WhatsApp, Alphabet Inc.’s Google + and Snap Inc.’s Snapchat. Facebook Inc. was the first social platform to come under scrutiny but the Menlo Park, California-based company amended its user terms in December after the watchdogs identified several issues, Nathalie Homobono, who heads the French fraud office, known as DGCCRF, told journalists in Paris Thursday.
Facebook, MLB in Talks to Stream Live Games
Facebook and Major League Baseball are in advanced discussions to live stream one game per week this upcoming season on the social media giant’s platform, according to Reuters , citing sources. This is a developing story.
AT&T says its merger with Time Warner is exactly what customers want
With AT&T planning to avoid a Federal Communications Commission review of its merger with Time Warner, Senate Democrats led by Al Franken recently asked the company to prove that the acquisition will benefit Americans. AT&T gave its response on Friday with a letter that describes the merger’s promised benefits-including targeted advertising.
Facebook Messenger Now Lets You Send Money With Transferwise
International money transfer service TransferWise Ltd. has announced an integration with Facebook Inc.’s Messenger that will let people set up foreign exchange transactions over the chat service. London-based TransferWise launched the technology as a bot — a piece of automation software that understands natural language — baked within Messenger.
Snap ‘Not Going to Be the Next Facebook,’ NYT’s Isaac Contends
New York Times reporter Mike Isaac expects the Snap IPO to go well, but believes subsequent quarters could be ‘tenuous.’ Snap’s long awaited IPO is expected to have its final price set by March 1, according to CNBC .
Facebook takes aim at Youtube with new standalone TV app
The move could allow it to eventually better compete with the likes of YouTube and traditional television channels for advertising revenue. Users with Apple TV, Amazon’s Fire TV and Samsung’s Smart TVs will be able to watch Facebook’s user-generated videos directly on their televisions.
Facebook Announces New TV App in Move to Become Video Destination
The social media giant is set to launch a new app in the coming months that will be available on Apple TV and Amazon’s Fire TV. Facebook announced on Tuesday that it was significantly increasing the number of ways users will be able to watch its videos, including via a new app accessible on set-top boxes such as Apple TV and Amazon Fire TV, as well as Samsung Smart TVs.
Facebook Exec Treads Lightly on Fake News
Facebook’s Dan Rose says the world’s largest social media platform is taking many steps to combat fake news but won’t prevent suspect sources from posting. While the world’s largest social media platform is flagging some stories as fake, it is pulling back from proactively fingering suspect stories or cutting off the feeds of websites that notoriously publish nefarious information meant to sway the public.
3 Stocks Begging for a Buyout
Sometimes mergers are necessary for survival, and at other times, they simply just make good old-fashioned sense. In either case, investors lucky enough to own stocks that do get bought out can turn a nice profit.
Here’s how slowly Twitter has grown compared to Facebook,…
While President Trump has helped make Twitter a regular part of the national conversation, the business behind the microblogging service is not looking up. That feeling was only reinforced by the meager revenues the company reported on Thursday.
Facebook vs. Apple: Whose Reality Will Win?
One of the most promising trends on the horizon that has arguably the most transformative potential is virtual/augmented reality . How these technologies emerge and subsequently affect our lives remains to be seen, but companies are already placing their bets accordingly.
Facebook Adds Tools for Finding Help to Safety Check Feature
Facebook Inc.’s users often connect on the social network to seek relief and provide support during times of crisis. Now, the company is updating its Safety Check feature to make it easier for people to find or give help such as food, shelter or transportation during local disasters.
This activist group is trying to oust Mark Zuckerberg as Facebook’s chairman
Mark Zuckerberg should give up some of his control over Facebook by relinquishing his position as chairman of the board, according to a new proposal by a consumer watchdog group and a few shareholders. The proposal , led by SumOfUs, claims that Facebook’s future success requires “a balance of power between the CEO and the board,” and that without a chairman who is independent of the company, Facebook could act without repercussions against investors.
Apple to Zynga File Legal Brief Against Trump Immigration Order
Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society.
Apple to Zynga File Legal Brief Against Trump Immigration Order
Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society.
Apple to Zynga File Legal Brief Against Trump Immigration Order
Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society.
Snapchat Files Paperwork Ahead of Long-Awaited Public Listing
The popular messaging app on Thursday filed its S-1 SEC paperwork, one of the first steps in its much-awaited IPO process. Snap Inc. , the parent company of popular messaging app Snapchat, today officially filed its paperwork with the Securities and Exchange Commission.
Twitter is Having None of Facebook’s Friends Day
In a move that screams Facebook, the social media giant declared today Friends Day, because it obviously can’t just go out and say it’s celebrating its thirteenth birthday on February 4. Everything has to be a holiday. Honoring the friends that “make you, you,” Facebook created a video for each of its users designed to glorify all the friends you haven’t talked to in six years….and naturally it’s the only thing people are sharing today.
Go Ahead and Cheer Facebook, but Change Could Happen in a ‘Snap’
By all indications, Facebook is crushing it in every single aspect of its business. But CEO Mark Zuckerberg and his fellow shareholders now must be prepared for the one thing that could soon cause the shares to correct.
Better Buy: Facebook, Inc. vs Alphabet
Digital advertising is expected to surpass television advertising in the U.S. this year — that is, if it hasn’t already. The two main beneficiaries of the growth in digital advertising are Facebook Indeed, the two companies completely dominate the digital advertising market, combining to take about 60% of the market.
Facebook’s Earnings Reveal a Company That Won’t Take Its Foot Off the Pedal
The social networking giant’s aggressive spending plans have some investors on edge. But its sales growth and execution remain solid.
Facebook Loses Virtual-Reality Headset Coding Lawsuit Against ZeniMax
Facebook Inc. and its co-defendants were ordered to pay $500 million to ZeniMax Media Inc. after a jury found the social network’s Oculus VR unit unfairly used ZeniMax code to build a virtual-reality headset. The verdict Wednesday was another setback for Oculus, which Facebook bought in 2014 for more than $2 billion.