Instagram’s Kevin Weil says Instagram Stories are just one part of the product

Instagram’s head of product Kevin Weil came to Disrupt in New York to introduce selfie filters for Instagram Stories — read more about the new feature here. You can now choose between eight filters to add koala nose and ears to your face and more. This was clearly inspired by Snapchat, and Weil is aware of that. Read More Article by Social – TechCrunch. Read entire story here. … [Read more...]

BikeParking.Club connects a social network to bike locks in a city

Palo Alto has a bike lock problem, and a pair of software developers and a designer took a shot at trying to solve that problem in 24 hours in New York this weekend. Eugene Tonev, Alexander Sivura and Yuri Dymov — currently at health startup HealthTap — put together a model of the kinds of bike racks you might see on the streets of Palo Alto. But this rack has a connected lock … [Read more...]

Snapchat hits a disappointing 166M daily users, growing only slightly faster

Snap’s growth rate increased just a little in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5 percent, compared to the 158 million DAUs it had in Q4. Snap shares fell more than 24 percent in after-hours trading as investors fled, seeing its long-term potential diminished by its growth… … [Read more...]

Snap is getting absolutely crushed after falling short of Wall Street’s expectations

Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The stock is down more than 20 percent in extended trading after it reported its first-quarter earnings. In short, it doesn’t look good. Read More Article by Social – TechCrunch. Read entire story here. … [Read more...]

Facebook Groups can now screen new members with a questionnaire

Facebook is making good on Mark Zuckerberg’s promise to build community by improving admin tools for Facebook Groups. Now Group admins can establish up to three questions for people requesting to join their Group to answer. This lets admins screen potential members to ensure they’re the right fit for the group and will add constructively to the discussion, not just spam or … [Read more...]

Facebook beats in Q1 with $8.03B revenue, faster growth to 1.94B users

Facebook had another strong quarter, beating estimates to start 2017. It scored $8.03 billion in revenue and $1.04 GAAP actual EPS in Q1 compared to $0.87 EPS estimate. It earned that from 1.94 billion users, up from 1.86 billion last quarter, growing at a faster 4.3 percent compared to 3.91 perecent last quarter. Steady Growth, Strong Profits At this rate Facebook should hit 2 billion… … [Read more...]

WhatsApp’s ‘Status’ Snapchat clone hits 175M daily users in 10 weeks

WhatsApp’s version of Snapchat Stories is already pulling in around 15 percent of the messaging app’s 1.2 billion users. Mark Zuckerberg today announced that WhatsApp Status now has 175 million daily users after only launching in mid-February. That’s made more impressive because Status lives in a separate tab of WhatsApp, instead of showing up at the top of the home screen. Read … [Read more...]

FinTech In Afrika is much more than just mobile money and remittances

The African continent faces challenges in the financial technology space that are diagonally opposite to the situation in the western world. With nearly 80% of adults in Africa not having access to formal or semi-formal banking services, the majority of the continent is still unbanked — at least in the traditional sense. Cash is still king across the continent, with the numbers of physical … [Read more...]

Snapchat is stifled by its un-algorithmic feed

Snapchat invented its best products by being the anti-Facebook. Its disappearing chats made visual communication quick and casual compared to Facebook’s email-esque text messages. Stories ditched the likes and permanacy so you could share your raw moments in the now, instead of just the life highlights that define you forever on your Facebook Timeline. Read More Article by Social – … [Read more...]

Instagram’s growth speeds up as it hits 700 million users

Instagram has doubled its user base to 700 million monthly actives in two years, fueled by Stories, web signup, and better onboarding on low-end Android phones. Instagram’s growth rate is actually speeding up. It took just four month to add the last 100 million users since hitting 600 million in December, while it took 6 months to go from 500 million to 600 million. Here’s a… … [Read more...]

MikMak is using mini infomercials to help retailers turn their stories into sales

MikMak, the New York-based startup that is trying to make short and catchy infomercials (aptly named minimercials) the future of commerce, is launching a new feature to help retailers monetize their stories on Instagram and Snapchat. The new product is called Attach, and serves as a middleman between a retailer’s daily story on a platform like Instagram and the actual product … [Read more...]

Apple might make you wait unusually long to get the new iPhone

All signs seem to suggest Apple might be about to break tradition and make you wait unusually long for the next-generation iPhone. Esteemed Apple analyst Ming-Chi Kuo from KGI Securities has predicted the Cupertino heavyweight could begin mass production for the upcoming OLED iPhone with a slight delay, 9to5Mac reports. The analyst claims production will likely be pushed back to October/November … [Read more...]

The augmented reality gold rush is afoot

Who will be the Pixar of AR? Someone oughta be rounding up Hollywood special effects engineers and animated character designers to build an augmented reality content startup. This week’s launch of Facebook’s Camera Effects platform means there are suddenly 1.8 billion people waiting to be entertained by digital overlays on the real world. Read More Article by Social – TechCrunch. Read … [Read more...]

Q&A app Quora valued around $1.8 billion in $85 million fundraise

Quora just became the unicorn of subjective human knowledge. After eight years carefully cultivating an intelligent question and answer community, it’s just raised an $85 million Series D round co-led by Collaborative Fund and Y Combinator’s Continuity Fund. Read More Article by Social – TechCrunch. Read entire story here. … [Read more...]

Tumblr launches Cabana, a new app for watching videos with friends

Tumblr today is launching a new app, called Cabana, which allows a group of friends to video chat and watch videos together, in real time. The app is being introduced under the Tumblr brand, and will cater to the type of users who frequent Tumblr’s blogging service – teens and young adults – but it’s not currently designed to interoperate with Tumblr’s product… … [Read more...]

Videos are getting a bigger role on Flipboard

Flipboard is following the launch of its “smart magazines” by boosting the role of videos. It’s not that videos were totally absent from the news app before this, but they usually showed up as an accompaniment to articles — not exactly prominent placement when compared to the beautiful treatment that Flipboard would often give photos. Now, CEO Mike McCue said videos… … [Read more...]

Instagram now lets you organize bookmarks into private collections

Instagram will make its bookmarking feature more useful, the company announced this morning, with the introduction of “collections.” The new feature will allow users to organize the posts they save into private groupings for easier access. The addition may further challenge Pinterest, which also favors image bookmarking and the ability to save items to particular boards. When… … [Read more...]

Instagram Stories hits 200M users, surpassing Snapchat as it copies its AR stickers

“Move last and take things” seems to be Facebook’s new motto. Now the parent company’s top Snapchat clone Instagram Stories has hit 200 million daily active users, surpassing the last count of 161 million that Snapchat announced alongside its IPO. Instagram Stories launched in August, hit 100 million dailies in October, and 150 million in January, so it’s… Read … [Read more...]

Data reveals significant global rise in demand for audience data

{}Based on its view of the global market, Eyeota's second Annual Index Report found a 66% overall increase in the use of audience data for digital ad campaigns. Article by BizReport. Read entire story here. … [Read more...]

Facebook pivots into Stories

In its biggest change in a decade, Facebook is evolving from text and link-focused sharing to the visual communication format it admits “Snapchat has really pioneered.” Starting today, all users will soon have access to the new Facebook Camera feature that lets them overlay special effects on photos and videos. They can then share this content to a Snapchat clone called Facebook… … [Read more...]

Facebook Messenger now lets you privately share your Live Location for an hour

Facebook Messenger wants to be an offline social gathering tool, not just an online chat app. Today it’s adding a new Live Location feature that lets you share your real-time location on a map for an hour within a private direct or group message thread. The recipients can then see an estimate of how long it would take you to reach them by car. “Live Location is super helpful… … [Read more...]

Samsung confirms the Galaxy Note 7 is making a comeback – sort of

Samsung went through the fire with its now-discontinued Galaxy Note 7 flagship, but it seems the company isn’t quite done with the handset. In a fresh press release, the South Korean behemoth announced its plans to recycle all returned Note 7 devices into fully functioning “refurbished phones or rental phones where applicable.” To avoid another string of explosions, Samsung will coordinate this in … [Read more...]

Facebook Messenger rolls out mention alerts and message Reaction emoji

Group chat will get a bit less chaotic with the global rollout of two Facebook Messenger features it was previously testing in Vietnam. Users can now @mention friends in a group chat to send them a special notification to reply to your message so they don’t miss it in a noisy thread. You just type @, then the person’s name or in-thread nickname, and the name will be highlighted… … [Read more...]

The League adds read receipts, so paid members can confirm when someone is really ghosting them

The League, a dating app that users have to apply to join, has a new feature that could help with one of the most agonizing parts of the online dating process — wondering if someone’s deliberately ignoring you or if they just haven’t opened the app in a while. Specifically, The League is importing an idea from other messaging services — read receipts, which tell you… … [Read more...]