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Instagram Expands Live Video to Meet Covid Demand for Content

Bloomberg reports: "Facebook Inc., Instagram’s parent, debuted a new feature on Monday called Live Rooms, which will allow as many as four people to...

DraftKings Shares Climb After Company Posts Strong Q4 Results, Lifts 2021...

Deadline reports: "Despite shakiness in the overall sports economy, with declining TV ratings and event revenue due to Covid-19, DraftKings is wagering on the...

Celebrity video platform Memmo raises $10M

TechCrunch reports: "Memmo.me, a startup allowing users to pay celebrities for personalized video messages, is announcing that it has raised $10 million in Series...

Inside Twitter’s growing interest in Google Cloud

VentureBeat reports: "Twitter earlier this month announced it would be expanding its partnership with Google, moving more data and workloads from its servers to...

Facebook VP defends company’s actions in Australia news spat

CNET reports: "Facebook's vice president of global affairs, Nick Clegg, published a blog post on Wednesday defending the social network's actions in its standoff...

Reddit ups Series E round by another $116 million

TechCrunch reports: "Reddit, which announced a $250 million Series E earlier this month, has added over $116 million to the financing event, upping the...

Ex-MoviePass Chair’s Zash to Acquire Singapore Video-Sharing Network Lomotif

The Hollywood Reporter reports: "Zash Global Media and Entertainment, co-founded by former MoviePass chairman Ted Farnsworth, has struck a definitive agreement to acquire a...

Social networks are finally competitive again

The Verge reports: "Lately, the consumer internet — that set of products devoted to building and monetizing large networks of people — has started...

A race to reverse engineer Clubhouse raises security concerns

TechCrunch reports: "As live audio chat app Clubhouse ascends in popularity around the world, concerns about its data practices also grow." Read more  

‘LinkedIn for gamers’ Efuse raises $6m

Gamesindustry.biz reports: "Social media platform Efuse raised $6 million in a funding round led by the Ohio Innovation Fund. Based in Columbus, Ohio, Efuse...