CNET - YouTube Premium's family plan is about to rise in cost. The service is now priced at $23 a month - up $5 from the previous pricing of $18. The price change will begin Nov. 21, according to 9to5Google.
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YouTube Hikes Price of Family Plans
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Newborn Town Grows 36% YoY of the Business Revenue in Q3 of 2022
TECHNODE GLOBAL - Newborn Town, a global social networking company, announced its unaudited operating figures for Q3 of 2022. The Company's revenue is expected to reach ~$290M in the Q3, up ~25% YoY. Among that, revenue from the social networking business is expected to reach RMB 1.91B to 1.94B, an increase of ~36% compared with the same period in 2021.
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Twitter Founder Is Building 'Portable' Social Network
BUSINESS CLOUD - Twitter founder Jack Dorsey's Bluesky is building a new social network which will allow users to move their accounts between providers. Renamed Authenticated Transfer Protocol - or AT Protocol for short - it is described as a federated social network with integrated decentralised technologies. AT Protocol will allow users to move their account between providers as "a person's online identity should not be owned by corporations".
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After Meta, ShareChat Pulls up the Wire for 'Conjuring up' Stories
THE COMMUNE MAG - ShareChat released a statement against The Wire and asked them to take down an article written by one Dinesh Kumar as well as other related reports. This comes days after Meta and The Wire were engaged in controversy after The Wire, in an article, alleged that Instagram posts were deleted whenever BJP IT cell head Amit Malviya reported any.
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Apple Restored the Russian Social Network VKontakte to the App Store
THE VERGE - Apple has reinstated VKontakte on the App Store after the company provided proof that it's not "majority owned or controlled by a sanctioned entity." The company removed the VK-owned social network VKontakte, email app Mail.ru, and others last month in response to sanctions the UK put on the financial institutions that own the Russian firm.
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Kakao Co-CEO Resigns, Company to Invest ~$300M to Build Data Center
TECH CRUNCH - Whon Namkoong, the co-CEO of Kakao, has resigned in a remarkable demonstration of corporate accountability after a fire incident at an SK C&C data center in the south of Seoul caused a mass outage over the weekend and disrupted Kakao's several services, including messenger, ride-hailing, payment, banking and gaming. The company plans to invest ~$325M to build its own data center from next year, aiming to complete it in the following year.
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Redditors Have Created Millions of Crypto Wallets to Buy NFT Avatars
TECH CRUNCH - Reddit CPO Pali Bhat revealed that ~3M Redditors have used Reddit's Vault blockchain wallet to create ~3M crypto wallets to date. Most of those - 2.5M - were created to purchase NFT avatars that can be used as profile pics on the platform, he said.
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Meta Ordered to Sell Giphy by UK's Competition Watchdog CMA
BBC - The UK's competition watchdog has reissued an order to Meta to sell animated images platform Giphy. The Competition and Markets Authority (CMA) said this ruling was final, after going back and forth with the tech giant since its decision was first announced last year. The CMA found that the takeover of the gif-creation website could harm social media users and advertising.
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Revyze Is Building the TikTok of Educational Videos
TECH CRUNCH - Revyze is a TikTok-like French startup that is developing a mobile app for iOS and Android at the intersection of education and social. It is focused specifically on educational content for teenagers. In just a few weeks, Revyze managed to attract 35K downloads. They reached the #2 spot in the top free apps of the App Store - right behind Doctolib. This summer, Revyze raised a $2M pre-seed round from ~100 business angels.
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Lomotif Launches Beta Version of Lomo Ads and Integration With Google Ads
PR NEWSWIRE - U.S. owned competitor to TikTok, Lomotif integrates with Google Ads, launching the beta version of Lomo Ads with AdRizer and Mind Tank's programmatic ad platform. The beta version of Lomo Ads will allow programmatic and automatic advertising within the Lomotif platform.
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Kanye West Is Buying Parler, the Controversial 'Free Speech Social Network'
MASHABLE - Kanye West, or Ye as he is now known, is buying Parler, a controversial social media network touting itself as a "free speech" alternative to platforms like Twitter. The app has only just been restored to the Google Play Store, after being removed for posts inciting violence during the Jan. 6 Capitol riots. Ye's acquisition will "further lead the fight to create a truly non-cancelable environment". The deal is expected to close towards the end of this year.
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ByteDance Shuts Down Social Product Feiliao's Official Website
PANDAILY - The official website of ByteDance-owned online social platform Feiliao (or Flipchat in English) has recently been shut down and download channels have been closed, although any official suspension announcement has yet to be made. Feiliao was launched in 2019 as a collection of instant messaging software and hobby-based communities, dedicated to helping users find more friends with similar interests.
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TikTok Is Raising the Age Requirement for TikTok Live, Adding Adult-only Livestreams
TECH CRUNCH - TikTok is raising the age requirement for hosting livestreams on its platform, as well as launching adult-only livestreams. Starting on November 23, users will have to be 18 years old in order to go live on the platform. As for the adult-only livestreams, TikTok plans to roll those out in the coming weeks.
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Feds Probing Elon Musk's 'Conduct' in Connection With Twitter Acquisition
VARIETY - Elon Musk is being investigated by federal authorities over his "conduct" in connection with his proposed Twitter acquisition, according to a letter from the company's lawyers filed with the Delaware Chancery Court. Twitter sued Musk, demanding that he fork over the $44B he had agreed to under the binding pact reached in April.
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Messaging Social Network Firm IRL to Soon Become Talking Point in MENA
ARAB NEWS - IRL, or In Real Life, the US-based messaging social network company, is expanding its footprint in the MENA region in a few weeks, following its partnership with global mixed martial arts promotion company UFC. Valued at $1.17B, IRL is a leading group messaging social network unicorn that brings people together through groups, events, and community engagement. The company currently has ~20M users on its platform, with ~12M MAU.
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