Snap and Pinterest reported profits, sidestepping other social platforms’ woes: Both companies are banking on augmented reality and social commerce to lift them above competitors.
TikTok was the No. 1 mobile app in the US last year, with 94.0 million downloads, a 6% increase over 2020. Runners-up Instagram and Snapchat reached 64.0 million downloads and 56.0 million downloads, respectively, meaning the three most downloaded apps in the US were all photo- and video-sharing platforms.
Roblox is an early metaverse success story, but stumbles elsewhere: As tech firms look to it as an example, they should also heed its missteps.
Meta’s future is muddled by declining Facebook users, slow metaverse adoption and a beleaguered ad model: In response to TikTok's success, Meta will shift focus to video, but will the reactionary move be enough to recover losses?
Mental health M&As have been firing up—and Calm joins along: The mental health app is acquiring Ripple Health to diversify its mental health offerings. We unpack what it means for its business strategy and how it's part of a larger trend.
Gopuff fine-tunes its retail media network play: While other rapid-delivery startups stumble, Gopuff hopes improvements to its advertising platform will ensure longevity.
In 2021, mobile finance apps reached 573.1 million downloads in the US, up nearly 19% from 481.9 million in 2020.
Chip shortage caused, in part, by lack of manufacturing of older processors: Investors focusing on premium 16 nm chips or smaller results in shortages of cheaper but necessary silicon chips but could lead to continued scarcity of low-cost semiconductors.
JD.com hopes the Year of the Tiger will prove auspicious: The ecommerce giant gave away JD.com hopes the Year of the Tiger will prove auspicious: The ecommerce giant gave away RMB1.5 billion ($232.5 million) in a bid to attract users to its payment services. in a bid to attract users to its payment services.
$1.2 billion in rural broadband funding is on its way: Access could open up in 32 states, but the FCC will strictly monitor the expansion to ensure it serves communities that need it most.
Sony to buy Bungie for $3.6B in latest gaming mega-deal: Acquisition looks to be a long-term play to secure future exclusives, but consolidation could stifle future innovation.
Apple earnings show how much its ad business has grown amid iOS 14.5: App Store search ads have benefited greatly from its privacy update—something advertisers have known for a while and regulators won’t be able to ignore for long.
Advertisers ask regulators to ease up on ad-targeting legislation: Two advertising groups said banning targeted ads could seriously harm the US economy.
Strong iPhone sales push Apple’s revenues to record-high levels: Its success intensifies pressure to produce the next big thing, which could be an EV or an AR platform.
Instacart will allow merchants to run storefronts and display ads: The move follows months of high-level advertising hires from Big Tech firms.
Creator funds see mixed success: Social platforms offer more monetization tools than ever, but many content providers still struggle to get paid.
New York sports betting soars in first nine days of legalization: The rapid success could win over states like California, which is set to consider legalization in 2022.
Apple’s iCloud goes dark globally: Users are locked out of iMessage, Apple Mail, and other services, exposing the danger of running multiple services on the same cloud on an overburdened network.