GLOBE NEWSWIRE - Hahalolo had the grand opening for the Indian branch office. In this event, Hahalolo announced its development plans for products and brands in the Asia-Pacific and Africa markets, as well as the upgrade plans for the US headquarters in late 2022, with the goal of achieving 25M users. Hahalolo is considered a leading application on travel social networks in integrating convenient features for users, including OTA - Online Travel Agent, social networking, and e-commerce.
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Travel Social Network Hahalolo Aims to Achieve 25M Users by the End of 2022
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Poparazzi's Team Is Readying a New Social App That Goes Beyond Photos
TECH CRUNCH - The company behind last summer's hot social app, Poparazzi, appears to be readying a round two following its $15M Series A announced in June. A new listing in the App Store under the developer's account, TTYL, is teasing a pre-release app called Made with Friends. The app offers a twist on Poparazzi's original concept of social networking profiles crafted by a user's friends, instead of by the users themselves, but adds support for other types of content. The App Store shows an expected release date of Oct 1 for Made with Friends, which is now available for pre-order.
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Twitter Is Launching Its 'Close Friends' Feature Circle Globally
TECH CRUNCH - Twitter is launching its Circle feature - which lets users post a tweet to a select set of people - globally. The company started testing its "Close Friends" feature in a limited beta in May, and now it's making it available to all users.
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Facebook Moves to Settle Cambridge Analytica Lawsuit
TECH CRUNCH - Meta has proposed to settle a long-running privacy class action lawsuit in the Northern District of California related to the Cambridge Analytica scandal. The suit bogged down in legal battles around discovery for 4 years, accuses Facebook of illegally sharing user data with the disgraced UK-based data firm, Cambridge Analytica.
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WhatsApp Rolls out In-App Shopping Product With India's JioMart
BLOOMBERG - WhatsApp is rolling out a shopping product in India, the first time users will be able to browse and purchase groceries and other household products without leaving the app. WhatsApp unveiled the new tool alongside JioMart, part of Reliance Industries Ltd.'s Jio Platforms, an Indian tech company that Meta invested almost $6B into in early 2020.
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1 in 4 Gen Z People Plan on Becoming Social Media Influencers
TIMES NOW - A new study has revealed that 1 in 4 Gen Z people based in the US wants to become social media influencers more than anything else. The research by HigherVisibility surveyed ~1K Gen Z people between the ages of 16-25 across the US in July. Interestingly, 16% of the surveyed said they would pay to become influencers on social media.
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Social Media Platform SoMee Secures $50M Investment Commitment
PR NEWSWIRE - The unicorn backing comes from GEM Digital Limited, a digital asset investment group that has committed $50M via a Token Subscription Facility into $SME. The investment commitment from GEM will allow SoMee to propel significant growth while allowing the company to fuel liquidity into its Hive-backed $SME token that users earn and trade via the SoMee.Social network.
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Newborn Town Releases Its 2022 Interim Results
PR NEWSWIRE - Newborn Town released its 2022 interim results. For the six months ended Jun 30, the Company's total revenue reached RMB 1,374M, up 32.3% YoY; adjusted EBITDA reached RMB 210M, up 19.5% YoY; profit attributable to the owner of the Company reached RMB 83M, up 121.3% YoY.
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Truth Social's Trademark Application Was Denied Because the Term Is Generic
TDPEL MEDIA - Truth Social's trademark application was denied by a U.S. federal agency because the name of the social network is not distinctive enough and too similar to those of other companies. This could lead to consumers being "confused, mistaken or deceived as to the commercial source of the goods and/or services of the parties."
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ASMALLWORLD 2022 H1 Results: EBITA Increased by 6% and Net Result by 29%
PRESS RELEASE - ASMALLWORLD AG announced its 2022 H1 results. EBITDA grew by 6% compared to the 2021 H1 due to a strong EBITDA margin improvement from 13.7% to 18.8%. The net result for the period was up by 29%. ASMALLWORLD also made its final payment for the acquisition of First Class & More and is now completely self-funding.
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Twitter Facing Mass Exodus of Employees as $44B Musk Deal Remains in Deadlock
INDIA TIMES - Twitter is facing more employee departures amidst the $44B deal deadlock. Employee attrition rate is currently 18.3%. Before Elon Musk made his offer, the attrition rate was lower, and hovered between 14% and 16%, which was consistent with competitors.
by Vanya Gautam
See full article at India Times
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Instagram Now Allows Users to Share Posts, Reels, and Locations Through QR Codes
TECH CRUNCH - Instagram is now allowing users to share anyone's posts or Reels through a QR code. What's more, users can also share a QR code location through its searchable Map experience. URL QR code can be effective in marketing campaigns - for example, the Coinbase SuperBowl ad - and highlighting businesses.
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Bebuzee Launches Subsidiary to Acquire and Monetize Real Estate
GLOBE NEWSWIRE - Bebuzee, a social platform and streaming service focused on development and deployment of America's first SuperApp, has initiated formation of a wholly owned subsidiary. Bebuzee Spain, with a focus on real estate asset acquisitions to align with its Properbuz, which digitally captures and generates highly accurate real estate listings through credible user profiles. Properbuz AI matches real estate searchers with ideal neighborhoods based on search criteria and driven by real world reviews.
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Microsoft Launches Viva Engage Social Network
THE HINDU BUSINESS LINE - Microsoft has launched Viva Engage, a social platform for the workplace. According to an XDA Developers report, the app is built within Microsoft Teams. Users would be able to join existing communities within the organization and locate specific posts. Viva Engage's upcoming features include Storyline and Stories.
by Madhu Balaji
See full article at The Hindu Business Line
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TikTok Is Testing a New 'Nearby' Feed to Display Local Content
TECH CRUNCH - TikTok is testing a new 'Nearby' feed that is designed to display local content to users. The new feed is being tested with select users in Southeast Asia and that the test is currently limited in scope. Users who are part of the limited test will see the new feed tab displayed alongside the "Following" and "For You" feeds on the app's homepage.
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