Adobe plans to acquire UI design and prototyping tool Figma for around $20B in cash and stock; Figma CEO Dylan Field will continue in the role; ADBE drops 12%+
Adobe Inc. agreed to buy software design startup Figma Inc. in a deal valued at about $20 billion to help it expand tools for creative professionals.
Meta disbands its Responsible Innovation team set up to address concerns about its products' downsides, but says the company remains committed to the same goals
just a year after company's vice president talked it up Nicholas Sutrich / Android Central : Meta is disbanding the team responsible for making its products more ethical Brendan Si...
Twitter reports Q2 revenue down 1% YoY to $1.18B, vs. 1.32B est., a $270M net loss, down from $66M in net income a year ago, and 237.8M mDAUs, up 16.6% YoY
- Twitter reported earnings for the second quarter on Friday that missed analyst estimates on earnings, revenue and user growth.
Twitter says Q2 ad revenue grew 2% YoY to $1.08B and blames its revenue slide on uncertainty around Elon Musk's “pending acquisition” and ad industry problems
Jacob Kastrenakes / The Verge :
Internal memo: Meta plans to make Facebook more like TikTok, including bringing Messenger back into the app and recommending posts from “unconnected” sources
a big departure from how it currently works. That and more changes here: https://www.theverge.com/... Sameer Singh / @sameer_singh17 : Leaving even more room for new startups to re...
Q&A with Second Life journalist Wagner James Au, on crypto-based metaverses, companies such as Meta struggling to foster healthy metaverse communities, and more
Web3 notes from a sci-fi writer and “enemy” of the tech: it shows new protocols are still possible, but is expensive, undemocratic, and impedes ephemerality
he's an enemy and, full disclosure, so am I. https://society.robinsloan.com/ ... Gabe Rivera / @gaberivera : “The money thing confounds evaluation; it's like trying to look at a st...
Niantic launches Lightship, a platform to build “real-world metaverse” AR iOS and Android apps, and commits $20M to fund companies building AR apps
The maker of Pokémon Go wants to power future AR glasses. — Niantic is releasing a platform for building what it calls “real-world metaverse” apps.
Adam Mosseri faces criticism after comparing social media to cars, saying “cars create way more value than they destroy”, even though people die in accidents
a delightful & depressing social lubricant blending short-term euphoria w/ long-term regret that offers to young consumers a messy cocktail of dopamine, disorientation, and depende...
Adam Mosseri faces criticism after comparing social media to cars, saying “cars create way more value than they destroy”, even though people die in accidents
- Facebook Instagram chief Adam Mosseri came under a flurry of criticism after comparing the value of social networks to society to that of cars. Source: Apple Podcasts .
LinkedIn is abandoning its Stories format at the end of September and has told advertisers to adjust their ad campaigns accordingly
Brands will have to adjust ad campaigns when video format leaves the platform after September — LinkedIn is telling advertisers to prepare for the end … Source: LinkedIn .
Twitter opens applications to test Ticketed Spaces and Super Follows for a small number of users, who will keep 97% of revenue after the IAP cut if making <$50K
Users initially keep 97 percent of their revenue — Twitter is opening applications for a limited test of its Super Follows and Ticketed Spaces features.
Snap unveils its first AR glasses, with four built-in microphones, two stereo speakers, and a touchpad, and says it will test them with some AR effects creators
Snap unveils its first AR glasses, with four built-in microphones, two stereo speakers, and a touchpad, and says it will test them with some AR effects creators
The fourth-gen glasses have built-in AR displays — Snap's new Spectacles glasses are its most ambitious yet.
Instagram is working on a version of the service suitable for kids under 13; source: the work will be led by Pavni Diwanji, a VP who joined Facebook in December
BuzzFeed News :
Instagram is working on a version of the service suitable for kids under 13; source: the work will be led by Pavni Diwanji, a VP who joined Facebook in December
Executives at Instagram are planning to build a version of the popular photo-sharing app that can be used by children under the age of 13 …
Twitter users on Android can now join and talk in its Clubhouse-like live audio Spaces and will be able to create their own Spaces in an upcoming update
Twitter Spaces just launched on Android Joe Rice-Jones / KnowTechie : Android users can now try Spaces, Twitter's version of Clubhouse Stephanie Mlot / PCMag : Twitter Starts Testi...
Facebook's NPE division launches BARS, a TikTok-like app for rappers to create and share their raps using professionally created beats, in closed beta
Easily create and share raps — iPhone Screenshots Mitchell Clark / The Verge : Facebook's new app Bars will let you rap over premade beats Nehal Malik / iPhone in Canada Blog : F...
Facebook's NPE division launches BARS, a TikTok-like app for rappers to create and share their raps using professionally created beats, in closed beta
Facebook's internal R&D group, NPE Team, is today launching its next experimental app, called BARS. The app makes it possible for rappers …
In August, internal research at Facebook showed that ~70% of the platform's most active civic Groups were considered too toxic to recommend to users
The giant struggled to balance Mark Zuckerberg's free-expression mantra against findings that rabid partisanship had overrun a feature central to its future