Reddit acquires short video platform Dubsmash in cash & stock deal

In a statement social network firm Reddit said, it would acquire TikTok rival short-video platform Dubsmash. Although Reddit did not disclose the financial terms of the deal its spokeswoman said the acquisition was based on a combination of cash and stock. TikTok’s proliferance has led many social media companies to add short-video services to their…

Facebook tweaks ads policy, continues to allow political ads in U.S. Presidential 2020 campaign

In a statement, Facebook Inc stated, it has tweaked its approach towards political ads and has introduced limited changes, which includes an option for users to turn off certain ad-targeting tools. Facebook has defied critics’ demands of barring political ads in its platform which often spew out fake news. Facebook, the world’s biggest social network,…

Saracen-linked FB accounts spreading hate & fake news taken down: Facebook

Three members of the Saracen group have so far been arrested in Indonesia. On Friday, in a significant development, Facebook Inc has removed hundreds of Indonesian accounts, groups and pages from its social network following the discovering that they were linked to an online group accused of spreading fake news and hate speech. In 2016,…

Hamburg opens non-compliance procedures against Facebook

Of the 87 million Facebook users who were affected by the personal data privacy breach, 3 million were from Europe. A spokesman for Hamburg’s data protection ombudsman stated, the city has opened non-compliance procedures against Facebook, the world’s biggest social network which in recent days have been accused of abusing its users’ data. In a…