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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…
LinkedIn is taking aim at the “AI slop” — low-quality, artificially generated content — filling its feed. On Thursday, the company announced that it’s adding a new feature to let users click a “seems like AI slop” button when someone’s post appears to have been written with AI. The move reflects a broader shift across…
In June, Meta entered the enterprise AI market with a new AI agent aimed at businesses, to help with customer service, support, and other daily operations. But the tech giant’s enterprise AI ambitions are much more expansive, Meta CEO Mark Zuckerberg told investors on Wednesday’s second-quarter earnings call. “We see a large enterprise opportunity to…
Elon Musk’s X has settled its multiyear legal battle with advertising trade group the World Federation of Advertisers (WFA), the two organizations said on Wednesday. The settlement ends Musk’s aggressive attempt to hold advertisers legally responsible for pulling spending from X over brand safety concerns. X sued the WFA in 2024 for conducting what it…
Vietnam is weighing the most unusual version yet of the youth social media bans that are sweeping the globe. Instead of kicking kids off platforms entirely, the country wants to let them stay logged in — just muted. Under a draft decree from Vietnam’s Ministry of Culture, Sports and Tourism, reported on Friday by Reuters,…
A day after Snap tentatively settled with the plaintiff in a social media addiction lawsuit, leaving Meta as the only remaining defendant, the case has been dropped. In a statement, Meta said the plaintiff chose to drop his case against Meta without receiving any payment. TikTok and Google’s YouTube had previously reached settlement agreements with…
Over the past months, many countries have announced plans to restrict social media access for children and teens. Australia became the first to implement such measures at the end of last year, setting a precedent that other countries are now closely watching. France is now the latest country to announce such a measure. The regulations and…
Instagram announced on Tuesday that users can now swap out the music on their published feed posts and carousels. Until now, users could only change the music on a post by deleting it and then re-uploading it. With a newly launched “Replace Audio” tool, users can update the music on their post at any time…