SOCIAL MEDIA TODAY - Instagram chief Adam Mosseri has provided some insight on the platform's three key priorities for 2023. Those key areas are: inspire people to be creative, help people discover things they love, and spark connections between people.
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Instagram Chief Outlines Key Areas of Focus for the App in 2023
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Trump's Social Network App Is Now Available in the Apple App Store
NATION WORLD NEWS - Trump's social network, Truth Social, is now available for download on Apple's App Store. However, access to the service appears to be limited for now. The registration process to access the platform ended in a waiting list that already had over 150K registered.
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ChatGPT Banned on Chinese Social Media App WeChat
VOICEBOT.AI - OpenAI's ChatGPT has been removed from WeChat, the popular Chinese social media app developed by Tencent. The conversational AI based on the GPT-3.5 large language model had been popping up as mini-programs on the social network, but are no longer accessible.
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WeedLife, Cannabis Social Network, to Acquire CBD Company Saving Grace Oil
BENZINGA - Social Life Network, a technology business incubator (TBI) that holds a 15% stake in each of the companies that participate in its TBI program, has announced that one of its TBI companies operating in the legalized cannabis industry, WeedLife has executed a letter of intent to acquire Saving Grace Oil, a CBD company. "The business model of roll-up mergers by our TBI companies is meant to rapidly increase their bottom-line revenues while leveraging their social networking audience to increase product and brand awareness," stated CEO, Ken Tapp.
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Mastodon Founder Says Investors Lining up Since Elon Musk's Twitter Takeover
THE GUARDIAN - Eugen Rochko, the founder of Mastodon, has 'offers of hundreds of thousands of dollars' from Silicon Valley private equity firms. He said that he has rejected approaches from more than 5 US-based investors, as the Twitter rival grows in popularity after Elon Musk's chaotic debut as a social media owner.
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Pepul Social Media App Crosses ~2M Downloads & ~10K Paid Subscriptions
NEWS PATROLLING - Pepul is a positive social media app with privacy-first from Tamil Nadu, India which was launched on Jan 26, 2022. Pepul is the world's first and safest social network app to offer a KYC verification process with a blue tick to all users at zero cost. Adding to the record of 2M downloads within a year, and onboarding thousands of creators in the shortest period, now the company has reached a new record number of paid subscriptions for creators crossing 10K during the 2nd week of Dec.
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Twitter Hit by Cyber Attack as 400M Users' Data Stolen, Hacker Claims
7NEWS - ~400M Twitter users may have had their personal details stolen and put up for sale online in a major cyber attack. A hacker claims to be selling the stolen data of hundreds of millions of users including celebrities, businesses and government organisations on an online hacking forum. The user profiles up for sale contain public and private Twitter data, including people's email addresses, names, usernames and phone numbers.
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LinkedIn Is Betting on AI More Than Any Other Platform
JPOST - LinkedIn decided to toughen its policy towards fake profiles and content that does not comply with the rules of its community - more so than any other platform. For this reason, it is investing in developing advanced AI.
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E-commerce Will Go Viral on Social Media in 2023
REUTERS - One of China's biggest exports in 2023 will be its social e-commerce phenomenon. TikTok, YouTube and Amazon are among the companies rolling out features that blend online sharing and shopping. TikTok introduced the concept in the US and UK to replicate the success of Douyin which enabled goods valued at $119B to be sold in 2021. Amazon recently unveiled its own copycat, Inspire. OnlyFans, a video service known for its sexual content, also allows creators to sell personalised merchandise to subscribers.
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Former Twitter CEO Jack Dorsey Gives Nostr 14 BTC in Funding
FORBES INDIA - The former CEO of Twitter, Jack Dorsey, has donated ~14 BTC, worth ~$245K, to fund the development of Nostr (stands for Notes and Other Stuff Transmitted by Relays). Nostr aims to create a censorship-resistant global social network and is an open protocol built using self-owned accounts that can create decentralised social networks The Nostr social network is somewhat similar to Twitter.
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Firefox & Tumblr Team up to Support Mastodon Open-Source Social Network
IANS - Firefox and Tumblr have teamed up to support Mastodon, the open-source social network, amid Elon Musk's efforts to disparage the rival platform. The company announced that it would begin to run a Mastodon "instance", one of the decentralized servers upon which the social network rests.
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Madworld, Mastodon's First Instance for Advertising, Marketing and Creative Executives
EIN NEWS - MadWorld Social, the first Mastodon instance for marketing, advertising, and creative executives, has been launched. The instance run by communications consultancy, Channelshift Media intends to create a platform specifically tailored to the needs of marketing, advertising, and creative professionals.
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Meta Agrees to Pay $725M to Settle Privacy Suit
AFP - Meta has agreed to pay $725M to settle a long-running lawsuit that accused the social network of allowing third parties to access users' private data. Facebook has not admitted any wrongdoing as part of the settlement, which still requires approval by a judge in the San Francisco division of the US District Court.
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Unique Network Teams up With Livetree to Bring Web3 Social Media to Life
DIGITAL JOURNAL - Unique Network, a leader in Web3 infrastructure and NFTs, announced a partnership with Livetree. Livetree is poised to be a leading social platform offering a public-spirited web3 social network of #Collectives for creators. Unique Network will facilitate minting users' Collective's membership cryptocurrency, and collective treasury and turning any of users' social posts into NFT collective assets.
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The Way We Like to Do Things at VSN.ist - All Credit to Journalists
VSN - We believe it's not ok to re-write content from journalists. They deserve full credit. This is why we merely illuminate content, and do short culling executive summaries and then point you to their bio and content.
We link to the journalists profile, along with other articles on the company featured in the article, and we drive you, our executive readers, to the original article. It doesn't matter if you're finding the summary in your email, or social media, we're not trying to land you back at our website so you can view ads. We're sending you to the originating article so you can view their ads, or better, subscribe to their outlet. We illuminate the top news. The news you can use to make smarter and more informed decisions...and we make sure we give full credit and recognition to the amazing journalists that work so hard (on ever-tighter deadlines and budgets) to research and write the news.
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