REUTERS - Sep 8 - Indonesia has added 12 more companies, including Twitter and video-conferencing site Zoom, to a list of internet-based businesses that must pay a 10% VAT on sales. The companies must start charging VAT to advertisers and other customers from Oct. 1.
450 posts categorized "Twitter"
Indonesia Adds Twitter, Zoom to Tech Companies That Must Pay 10% VAT
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Twitter Is Testing Automatic Tweet Translation
PCMAG - Aug 11 - Rather than having to tap a translation button, Twitter is experimenting with automatically translating tweets into users language of choice.
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New Bidders Emerge for TikTok
TECH CRUNCH - Aug 11 - TikTok and Twitter have held talks about a potential merger, even as the video sharing company defends itself against Trump's pressure to force the sale of the business or potentially ban it. Microsoft remains the front-runner for TikTok's business in the US, Australia, Canada and New Zealand, and that a potential tie-up with Twitter would just be for TikTok's North American business. TikTok is valued anywhere between $15 - $50B dollars - far too big a bite for Twitter, which has a market capitalization of $29B. Bytedance has to find a buyer before Sept. 15, or shut the business down in the US. But any sale could be scuttled by lawsuits challenging the President's executive order. On Saturday, National Public Radio reported that TikTok is planning to do just that. The company will reportedly argue that the executive order didn't follow due process, and that its underlying argument that TikTok poses a national security threat is baseless.
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Twitter Faces FTC Probe Over Ad Targeting Practices
REUTERS - Aug 4 - Twitter said it estimates probable loss of between $150M and $250M in settlement charges. The U.S. Federal Trade Commission is probing Twitter for alleged violations of a law that prevents the social network from using personal data provided for security purposes to target ads.
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Twitter Reportedly Gave 1,000 People Access to Its Admin Panel Before Hack
MASHABLE - July 27 - Last week, hackers targeted the Twitter accounts of Barack Obama, Elon Musk, Bill Gates, and other verified users. On Thursday, it was reported that ~1K people had access to internal tools that made the hack possible. "The attackers successfully manipulated a small number of employees and used their credentials to access Twitter's internal systems," explained Twitter last week in a blog post. In this case, all the hackers needed was "a small number of employees" to carry out the attack. But hackers had a pool of 1K people to choose from.
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Twitter May Start Testing a Subscription Model
THE TIMES OF INDIA - July 24 - Twitter is reportedly thinking about testing a paid model for its platform as CEO Jack Dorsey has hinted that the company is in a "very, very early phase of exploring" in the quarterly earnings call with the investors. There is no clarity when the company plans to test this model as Dorsey only said that there will be "likely some tests this year". Twitter has just announced its Q2 results (total revenue down 19% YOY to $683M, advertising revenue totalled $562M, down 23% YOY.
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Twitter Q2 Financial Results
TECH CRUNCH - July 24 - Revenues came in at $683M with a loss per share of $0.01, with both figures down on the same quarter a year ago (Q2 2019 revenue was $841M). Analyst consensus was for $700M in sales, while Twitter expected a 27% higher figure. Advertising accounted for $562M of its revenues, down 23% YOY. Twitter noted that the pandemic and "civil unrest" that led to many advertisers pausing campaigns both contributed to the decline.
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Social Networks Aim to Erase Hate But Miss the Target on Guns
ECONOTIMES - July 23 - Mark Zuckerberg recently announced plans to ban a "wider category of hateful content in ads." Twitter, YouTube and Reddit have also taken additional steps to curtail online hate, removing several inflammatory accounts. But they all overlook a gun talk. The word "gun" appears but once in Facebook's policy on "Violence and incitement" to bar the manipulation of images to include a gun to the head. And neither "guns" nor "firearms" are mentioned in Twitter's policy on "Glorifications of violence," or YouTube's guidelines on "Violent or graphic content" or within any of these networks' rules on hate speech. Gun references have become prevalent in social media dialogues involving the nationwide protests over racial injustice, police reform and the BLM movement.
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Twitter Hacked
DUBLINLIVE - July 15 - Twitter has suspended all verified accounts after Joe Biden, Barack Obama, Elon Musk, Bill Gates and others hacked in a Bitcoin scam. Tweets sent from the accounts promised to double all payments to a Bitcoin address for the next 30 minutes. A tweet sent from Gates' account read: "Everyone is asking me to give back, and now is the time." Twitter Support said they were aware of the incident and are investigating it.
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Trell Surpasses Twitter and Pinterest in India
EXPRESS COMPUTER - July 9 - Trell has surpassed Twitter and Pinterest in India with ~5M daily active users. Trending at #1 in Free Lifestyle Apps, the platform has received 1.2M uploads in a single day with 400K+ new content creators. Trell is the go-to platform for users to share their experiences, recommendations, and reviews across various categories including health and fitness, beauty and skincare, travel, movie reviews, cooking, home-décor and much more. The lifestyle vlogging platform allows users to create 3-5-minute videos in their native languages along with a 'shop' feature that lets them purchase the products featured in the vlogs. Additionally, the platform also allows users to earn rewards, goodies and vacations through its interface.
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The Rise of Niche and Vertical Social Networks
FORBES - Dec 21 - According to eMarketer, Facebook lost ~2M users under the age of 25 in 2018, and the number of Facebook users keeps dropping. Other social networks such as Twitter and LinkedIn are losing young users as well. The reason is the growing interest in vertical networks. A vertical social network is a specifically targeted social network that connects people with very specific interests, hobbies, and passions. People on vertical networks can receive specific and targeted content on a daily basis and, even connect with people who share the same interests. There is a variety of vertical social networks catering to different individuals, including Behance, StackOverflow, Goodwall and ResearchGate. Behance is an advanced vertical network for creative individuals. It allows artists and designers to showcase their work and discover new art every day. On 2012, Adobe acquired Behance for $150M. StackOverflow provides questions and answers related to code development and the surrounding challenges. Goodwall is a community of 1M students and young professionals who connect to discover opportunities from $1M+ in scholarships to 5M+ jobs and internships. ResearchGate is the platform for scientists and researchers to share research articles.
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Twitter Partners With Google To Make Tweets Searchable
MASHABLE - Feb 5 - Twitter has reached a deal with Google that will make its Tweets instantly searchable. It's unclear how the Google deal will affect deleted tweets. Twitter's deal with Google isn't the first of its kind: It already has deals in place with Bing and Yahoo, wherein the company shares user data.
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Twitter’s Promoted Tweets Can Now Run On Other Sites And Apps
TECH CRUNCH - Feb 4 - Twitter is syndicating its promoted tweets to other services, starting with Flipboard and Yahoo Japan.
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Twitter Cofounders Stand Behind CEO Despite Criticism From Investors
MASHABLE - Jan 30 - Twitter's CEO Dick Costolo is doing just fine — at least that's the message from the company's board of directors. While Costolo has a long history at Twitter and is said to be well-liked by many employees, he is neither a founder nor a majority shareholder in the company, and therefore more susceptible to the whims of investors.
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Twitter Partners With Bing For Language Translation
IDG NEWS SERVICE - Jan 23 - A globe icon may now appear in the top right corner of tweets that are not in the user's selected language. For those tweets, when the user clicks to expand them, the translated text will appear underneath the original. The feature works on iOS, Android, the desktop and TweetDeck.
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