Former OpenAI Product Chief Eyes $750M AI Science Startup
Former OpenAI product chief Kevin Weil is reportedly seeking a valuation of at least $750M for a new AI science ...
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Myspace Comeback Would Test Social Media Nostalgia
Myspace owners have hinted at a relaunch, but the real question is whether nostalgia can compete with TikTok, Instagram and ...
Meta Child Safety Ruling Could Cost It Nearly $1B
A New Mexico court has ordered Meta to pay another $567 million and make teen-safety changes to Facebook and Instagram.
Cloud9 Buys Chpter As African Business Banking Consolidates
Kenyan fintech Cloud9 has acquired Chpter in an all-stock deal, adding social commerce and AI sales tools to its business ...
Snap Revenue Rises As Snapchat Moves Beyond Ads Alone
Snap reported $1.6 billion in Q2 revenue, positive free cash flow and 971 million monthly users as Snapchat grows beyond ...
Snapchat Stops Paying Fully AI-Generated Spotlight Videos As AI Slop Spreads
Snapchat will stop rewarding fully AI-generated Spotlight videos as social platforms try to protect creator payouts from low-effort synthetic content.
Reddit Earnings Beat As AI Search Turns Its Human Data Into A Bigger Question
Reddit reported $805 million in Q2 revenue and strong profit, but investors are watching how AI search and data licensing ...
Meta Revenue Beats But AI Spending And Legal Costs Hit Profit
Meta reported $60.8 billion in Q2 revenue, but profit fell as AI spending, legal charges and severance costs weighed on ...
Snapchat Brings Spotify Listening To Snap Map With Now Playing
Snapchat is rolling out Now Playing on Snap Map, letting users share Spotify listening activity in real time with friends.
Threads Users Can Now DM Meta AI As The Assistant Moves Deeper Into Social Apps
Meta is letting Threads users send direct messages to Meta AI, pushing its assistant further into the company's social app ...