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Meta reached an $18 billion settlement on Wednesday over a lawsuit brought by 29 U.S. states concerning children’s safety. The settlement is historic in scale as Meta agrees with a group of 52 attorneys general to implement sweeping changes to how minors use Instagram and Facebook. The settlement “gives the AGs what they want, which…
Nitter, an open source project that allowed people to read X posts without logging into or even opening the X app, has received cease-and-desist letters from X demanding that it shut down. The news was shared via a brief message posted to the project’s website, and follows X’s earlier attempts to knock Nitter offline by…
Instagram is making one of the most tedious parts of creating Reels easier. The company announced Tuesday in a Threads post that it’s rolling out “First Draft,” a new editing feature that automatically trims selected video clips and removes pauses, pulling together the best moments into an initial cut. Instagram says the process can produce…
TikTok is developing a feature that would allow users to send each other money via direct messages, according to a new report from Bloomberg. If rolled out, the feature would use the social media service’s TikTok Pay offering, which is already available in Southeast Asia for TikTok Shop purchases. References to the potential feature were…
Meta CEO Mark Zuckerberg published a 6,500 word essay this week declaring that “The Future is for Everyone” and painting an optimistic picture of a future powered by AI, where “everyone will have an exceptionally capable personal agent that understands you, your goals, and everything you care about.” On the latest episode of TechCrunch’s Equity…
The streaming platform Twitch will now use creators’ content to help train generative AI models for its parent company, Amazon. This move has inspired swift and concentrated backlash from the Twitch community, especially because creators are opted in to having their content used for this AI training by default. For Amazon, these stream recordings are…
X, the social media platform now owned by Elon Musk’s SpaceX, is shaking up how it pays influencers and creators. In announcing the change, the company said it will be winding down its existing Revenue Sharing program and replacing it with something called Original Content Rewards. X will stop accepting new Revenue Sharing participants, while…
Snap CEO Evan Spiegel sidestepped investors’ questions about preorder demand for the company’s long-awaited Specs smart glasses during Monday’s earnings call, just weeks before the device’s September launch event. “What we’re hearing from folks is really that they want to try Specs,” Spiegel told investors. “It’s obviously a high consideration purchase at $2,195. Obviously, developers…
Reddit is taking a cue from TikTok to bring viral stories to life through video. On Thursday’s second-quarter earnings call, the company said it’s been working on a new “video Reddit” experience that would not only allow users to watch videos from the platform, but also listen to posts in the background. CEO Steve Huffman…
Reddit reported a strong second quarter but spooked investors by mentioning in an investor letter that traffic from search engines had grown “choppy.” The company’s total revenue of $805 million jumped 61% compared to the year-ago quarter while net income was $253 million, up 183%. These beat Wall Street’s expectations. Plus, the company said it…