BATTERYFORPC BLOG
TikTok jumps on online shopping bandwagon
The social media platform TikTok is making a big push into shopping. The video sharing app is famous for its short lip sync videos, dance routines and humour. And its popularity has soared during the pandemic. TikTok is now producing its first live shopping and entertainment event on Wednesday where people can buy products directly on the platform, tapping into the rise of "social shopping ... Read more
2021-12-08 19:50:53
Instagram announces changes ahead of political grilling
Instagram has announced new features it says will help teenagers and parents manage time spent on the app. Parents will be able to see how much time their children spend on Instagram and set time limits, while teens will get reminders to take a break. It comes a day before Instagram chief Adam Mosseri is due to appear before US Senators investigating online safety. Instagram has been under incr ... Read more
2021-12-07 19:04:52
Byju's and the other side of an edtech giant's dizzying rise
Digambar Singh says he has been chasing Byju's, an online tutoring firm and the world's highest-valued edtech start-up, for a refund for months now. Mr Singh, an accountant, says he paid 5,000 rupees (£48; $66) up front and borrowed an additional 35,000 rupees - a loan he claims was facilitated by Byju's - to buy a two-year math and science programme for his son. "A sales representative cam ... Read more
2021-12-06 18:45:59
Wall Street watchdogs probe Trump media firm deal
Donald Trump's deal to float his social media firm on the stock market is being investigated by Wall Street watchdogs. Regulators are probing Digital World Acquisition Corp, the firm set to merge with Trump Media and Technology Group (TMTG). According to a filing on Monday, the US Securities and Exchange Commission (SEC) requested documents about its investors and trading. TMTG plans to launch ... Read more
2021-12-06 18:45:10
Far-right target critics with Twitter's new media policy
Far-right groups are using Twitter's new private media policy to target anti-extremism accounts, activists say. The social media giant last week said images or video of private individuals shared without permission would be removed on request. Activists report that members of the far-right are using the policy to have accounts identifying them suspended. Twitter said a number of accounts were m ... Read more
2021-12-06 18:44:52
Ride hailing app Grab falls in $40bn market debut
Grab - the Uber of South East Asia - has made its stock market debut on New York's Nasdaq trading platform. Shares initially rose in the Singapore-based operator of the ride-hailing and payments app, before falling sharply. The share sale valued Grab at more than $40bn (£30bn), making it the largest ever US listing by a South East Asian firm. Instead of a conventional share sale, Grab went publ ... Read more
2021-12-05 19:00:28
China app giant Didi plans US stock market exit in move to Hong Kong
Chinese ride-hailing giant Didi Global has announced plans to take its shares off the New York Stock Exchange (NYSE) and move its listing to Hong Kong. The firm has come under intense pressure since its US debut in July. Within days of the initial public offering (IPO) Beijing announced a crackdown on technology companies listing overseas. Earlier on Thursday the US market watchdog unveiled tou ... Read more
2021-12-05 18:59:36
US challenges Nvidia takeover of chip designer Arm
The US Federal Trade Commission has challenged the proposed takeover of chip designer Arm by Nvidia. The FTC said the proposed acquisition would give Nvidia too much control over computing technology that competitors rely on. Arm licenses its designs and technology to big tech companies, including Apple, Qualcomm, Sony and Samsung. Nvidia said it would "work to demonstrate that this transa ... Read more
2021-12-03 18:39:34
US creditors can now DM debtors on social media
Debt collectors are now allowed to contact Americans on social media and by text message, according to new rules enacted by a US agency this week. The rule from the Consumer Financial Protection Bureau (CFPB) opens the door for creditors to slide into the DMs of millions of Americans who have loans. Critics say the messages could be lost online or lead to invasions of privacy and a proliferation ... Read more
2021-12-03 18:39:13
Match settles legal fight with Tinder founders for $441m
US online dating giant Match Group has agreed to pay the founders of Tinder $441m (£331.4m) to settle a legal battle over the dating app's worth. Tinder's founders first sued Match and its former owner IAC in August 2018, claiming they had undervalued the app to avoid paying billions of dollars. When Match and media giant IAC bought the founders out in 2017, the firm was valued at $3bn. But Tin ... Read more
2021-12-02 19:13:42