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Manufacturers’ confidence rebounded in Q2 despite operating challenges

  • 7th August 2026

Firms expect borrowing costs to ease in coming

  • 7th August 2026

FG unveils Tinubu Light Initiative for one million

  • 6th August 2026

NMDPRA proposes ban on fuel price fixing

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Manufacturers’ confidence rebounded in Q2 despite operating challenges —

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Tag: Social Media

Dating platform Bumble shares drop as paying users decline in Q2
Tech

Dating app Bumble reduces workforce by 30%

The CEO of dating app, Bumble, Lidiane Jones has announced a workforce reduction, with approximately 350 employees, constituting 30% of Bumble’s total staff, being laid off. Simultaneously, the company is set to undergo a comprehensive app overhaul aimed at rejuvenating growth. Lidiane Jones emphasized the company’s near-term focus on AI, enhanced safety measures, and features […]

Australia fines Telegram $640K for delayed response on online safety
Tech

Russia’s Telegram outage sparks speculation amid sudden social media access

Telegram, the predominant messaging app in Russia, experienced a brief outage on Tuesday for reasons that remain unexplained. Coincidentally, during this period, several previously blocked social media applications, including Instagram and Facebook, became accessible in Russia. The monitoring centre for Russia’s public communications network reported a “massive failure” of Telegram, although the cause was not […]

Instagram enhances safety features to combat sextortion
News

Instagram develops ‘Friend Map’ to allow users track locations

Instagram is developing a feature known as “Friend Map,” similar to Snapchat’s Snap Map, as confirmed by a Meta spokesperson to TechCrunch on Monday. Although the company clarified that the feature is currently an internal prototype and not being externally tested, it would allow users to view the real-time locations of their friends with their […]

The Independent to takeover Buzzfeed, HuffPost UK
Tech

The Independent to takeover Buzzfeed, HuffPost UK

British media firm The Independent are in negotiations to acquire ownership of BuzzFeed and Huffington Post’s UK and Ireland operations in a multi-year agreement, Reuters reported. Under a license agreement, The Independent will assume management of BuzzFeed’s editorial and business activities in the United Kingdom, including HuffPost, Tasty, and Seasoned. The negotiations for the takeover […]

Dating sites Tinder, Hinges sued for exploiting user addiction
Tech

Dating sites Tinder, Hinges sued for exploiting user addiction

Match Group, the parent company of dating apps Tinder and Hinge, have been sued for using addictive features to keep users in a continuous cycle of payments and falling short of delivering genuine connections. The class-action suit filed in the federal court of the Northern District of California, claims that Match Group prioritizes financial gains […]

Bluesky hits 800K new users after public opening
Tech

Bluesky hits 800K new users after public opening

Bluesky saw a substantial surge in users, nearly reaching 800,000 “newskies,” as the app transitioned from an invite-only to open to the public. Publicly available data indicates that Bluesky’s unique user count almost doubled from Monday to Tuesday following its public launch. While Bluesky remains smaller than its primary federated competitor, Mastodon, the growth trajectory […]

Snapchat expands AI features for paid subscribers
Tech

Snapchat lays off 528 workers as job cuts continue

Snap on Monday, said that it will lay off about 528 workers, or 10% of its total workforce worldwide. The company, which controls the photo-messaging app Snapchat, has long had trouble competing with bigger rivals like Facebook owner Meta Platforms, which announced its first dividend on Thursday following employee layoffs last year, and converting its […]

Twitch enhances filtering tools to block sexual, violent content from livestream
News Tech

Twitch exits South Korea over operational cost

Twitch, an Amazon streaming division, said on Tuesday that it will cease operations in South Korea in February of the next year due to excessive operational expenses and network fees. “Twitch has been operating in Korea at a significant loss, and unfortunately there is no pathway forward for our business to run more sustainably in […]

Canada bans WeChat on govt devices
News Tech

Canada bans WeChat on govt devices

Canada on Monday prohibited the use of the Russian antivirus programme Kaspersky and the Chinese messaging software WeChat on mobile devices provided by the government due to privacy and security concerns. WeChat, owned by Tencent, and apps developed by Moscow-based Kaspersky “present an unacceptable level of risk to privacy and security,” according to a report […]

Telegram founder alleges French pressure to censor Romanian conservatives
News Tech

Telegram won’t take down Hamas’ posts – CEO

The CEO of Telegram, Pavel Durov, has said the messaging app would keep some of the more delicate war-related coverage available on the platform, insisting that it may prove to be a crucial avenue for information. He said contrary to claims of disinformation and misinformation, the app users can only access the information only when […]

Indonesia bans purchases on social media platforms
News Tech

Indonesia bans purchases on social media platforms

The Indonesian trade minister on Wednesday announced that Indonesia has banned online trade made through social media. The government added that small and medium-sized businesses are at risk from predatory pricing on social media platforms and that the action, which is effective immediately, is intended to protect offline retailers and marketplaces. The decision was made […]

Snap rejigs Indian office leadership structure
News Tech

Snap rejigs Indian office leadership structure

Snap has changed the reporting structure of India, and Pulkit Trivedi has been appointed as the new country manager. In a notable step, the parent company of Snapchat has instructed its Indian teams to report directly to Trivedi, giving local leadership more latitude in directing growth, collaborations, and market development. Ajit Mohan, the head of […]

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