Donald Trump’s TMTG to merge with DWAC in deal worth up to $1.7bn
TMTG plans to launch a social media platform as well as a subscription video on-demand service
Apps
PayPal in talks to acquire Pinterest for $45bn
21 Oct 21As per sources, Pinterest’s shareholders are being offered $70 per share, which will be mostly in the form…
UK CMA fines Facebook £50.5m for breaching enforcement order
21 Oct 21The initial enforcement order is related to the social media firm’s previously closed acquisition of Giphy
Facebook to recruit 10,000 people in EU to work on ‘metaverse’ project
18 Oct 21The social media firm recently invested $50m in global research and programme partners for building the metaverse responsibly
Microsoft to close localised version of LinkedIn in China
18 Oct 21The company has also announced the launch of a site called InJobs, a new, standalone jobs application for…
Twitter to sell monetisation solutions provider MoPub to AppLovin for $1bn
07 Oct 21The sale of the app monetisation solutions business is expected to help Twitter increase its focus on its…
Facebook, Instagram, and WhatsApp back online after huge global outage
05 Oct 21The six-hour outage has been blamed on an incorrect configuration change by Facebook, while claiming that user data…
Twitter to pay $809.5m to settle class-action securities fraud lawsuit
21 Sep 21The lawsuit filed in 2016 alleges Twitter of committing securities fraud by not disclosing to investors the stagnant…
Indian jobs platform Apna raises $100m in Series C at $1.1bn valuation
16 Sep 21Currently, operating in 28 cities, the company will use the proceeds to pursue pan-India expansion by the year-end
Epic Games to appeal judgement in antitrust case against Apple
13 Sep 21A judge in a district court in California ordered the video game developer to pay damages to Apple…