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Snapchat Removes Few Children Off Its Platform Every Month in Britain: Ofcom

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Snapchat is kicking dozens of children in Britain off its platform each month compared with tens of thousands blocked by rival TikTok, according to internal data the companies shared with Britain’s media regulator Ofcom and which Reuters has seen. Social media platforms such as Meta‘s Instagram, ByteDance‘s TikTok, and Snap‘s Snapchat require users to be … Read more

OpenAI Makes ChatGPT Available for Companies to Integrate in Apps

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OpenAI is making its ChatGPT tool available to companies to incorporate into their own apps as it seeks commercial uses for the wildly popular chatbot. The company, which introduced ChatGPT to the public in November, is now offering paid access for businesses and developers who want to use the software’s ability to answer questions and … Read more

Facebook Parent Meta Plans Another Round of Job Cuts, May Lay Off Over 1,000 Employees: Report

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Facebook-parent Meta Platforms is planning a fresh round of job cuts in a reorganisation and downsizing effort that could affect thousands of workers, the Washington Post reported on Wednesday. Last year, the social media company let go 13 percent of its workforce — more than 11,000 employees — as it grappled with soaring costs and a weak … Read more

Snapchat Now Has 750 Million Monthly Active Users Globally, Snap CEO Evan Spiegel Says

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Snap Chief Executive Evan Spiegel said Thursday the company’s photo messaging app Snapchat now has 750 million monthly active users, while speaking during an investor presentation. Last month, Snapchat reported dismal quarterly earnings, revealing that current quarter revenue could decline by as much as 10 percent, as the social platform struggles with weak advertising demand. … Read more

Alphabet, Meta Earnings Decline Suggests Uncertain 2023 for Digital Ads Industry, Big Tech

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After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices, fourth-quarter results this week from Alphabet, Meta Platforms and Snap showed they were not yet in the clear. The health of the advertising industry closely mirrors the economy, and many advertisers have pared back their marketing budgets in response to … Read more

Big Tech Is Firing Employees by the Thousands. Why? and How Worried Should We Be?

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Tech companies are always in the news, usually touting the next big thing. However, the tech news cycle recently hasn’t been dominated by the latest gadget or innovation. Instead, layoffs are in the headlines. In the last year, more than 70,000 people globally have been laid off by Big Tech companies – and that doesn’t … Read more