Today Snapchat parent company Snap, Inc. announced new partnerships with 25 media companies to create daily content for its Our Stories product.
These partners, which range from traditional media outlets and longtime Snap partners like CNN and NBC to digital publishers like Refinery29 and LADbible, influencer platform Whalar and sports media upstart Wave, will release daily editorial units that mix their own original material with user-generated content drawn from Snapchat’s millions of active users around the world…More
Facebook is poised to open an office in China, one of the few territories where the global giant is not allowed to operate its social media platform. The move comes despite China’s growing control of the Internet within its own borders.
Facebook filed a company registration in Hangzhou, Zhejiang province, the hometown of Chinese e-commerce giant Alibaba. The company’s sole disclosed shareholder is Facebook Hong Kong. Initial capital is $30 million.
In reports initially carried by the Reuters news agency, Facebook described the Chinese venture as an innovation hub to support Chinese developers, innovators and startups. It has similar research facilities in India, South Korea, France and Brazil.
Facebook is currently banned from operating its eponymous network in China, where the government exercises strict control of social media sites and requires foreign tech companies to maintain servers in the country. China’s social media firms cooperate with government censors and maintain large teams of staff to scrutinize and edit user comments. The Facebook-owned messaging service Whatsapp became partially unavailable in China before last year’s Communist Party Congress, which is held once every five years.
Following the twitter purge of its countless fake and locked accounts, many American Networks have suffered, losing a percentage of their followers
An analysis done by newscaststudio.com has shown these findings in the list below:
- @NBCNews: 6,140,000; 6,070,000; 1.14%
- @CBSNews: 6,610,000; 6,350,000, 3.93%
- @ABC: 14,100,000; 13,800,000; 2.13%
- @FoxNews: 18,000,000; 17,800,000; 1.11%
- @CNN: 40,700,000; 40,000,000; 1.72%
- @MSNBC: 2,140,000; 2,120,000; 0.9
“ Twitter announced an effort to eliminate a variety of fake, inactive or locked accounts from follower counts earlier this year and the change went live this week.
The move comes as many social networks, including Facebook, attempt to find ways to cracked down on the spread of false news and misinformation as well as scams and spam.
As shown above, all of the networks lost at least some followers in their official count.”
-Michael P Hill, newscaststudio.com
Twitter shares dropped more than 8% in early trading Monday, coming after a Washington Post story that the company has been eradicating fake accounts at a record pace — which could mean Twitter’s overall user numbers will decline for the second quarter of 2018.
Per the Washington Post report Friday, Twitter suspended more than 70 million fake accounts this past May and June, and has continued to delete more than 1 million accounts per day into July. The newspaper said it obtained the Twitter data from an unidentified individual with access to Twitter’s Firehose data and analytics system.
Twitter confirmed the rate of its recent account suspensions but otherwise declined to comment on the Post article.
Twitter is scheduled to report Q2 results on July 27 before the market opens. The pullback on the share price comes after Twitter’s stock has nearly doubled in 2018 following the company’s reporting of two straight quarters of profits — the first in its history.