Netflix’s attempts to crack down on password sharing is starting to pay off. The company reported substantial growth in subscribers in the months following its push to stop users from sharing accounts with people outside of their household.
Meta’s Threads app is coming back down to Earth after a blockbuster first week that saw the app become the fastest growing of all time. New data from analytics firm SimilarWeb suggests that the app’s engagement has since declined from initial highs despite its status as the fastest-growing app of all time.
Facebook is revamping its in-app video hub to give its content an Instagram-style makeover. The changes will bring Reels’ editing tools to all Facebook videos, as well as a new “Explore” section to highlight trending clips and other recommendations.
It also comes with a new name. The tab previously known as “Facebook Watch” will now simply be called “Video.” The section, which will host short-form clips like Reels as well as live video and longer form content, will continue to live at the top of the Facebook app.
The Biden Administration is significantly increasing pressure on ByteDance just days before TikTok’s CEO is set to testify in front of Congress.
LinkedIn is the latest platform to hop on the generative AI bandwagon. The company is adding AI-powered “writing suggestions” and job descriptions to its service as it looks for new ways to infuse AI into its platform.
The writing suggestions are meant to make it easier to fill out key profile fields that LinkedIn says can otherwise feel “daunting” to complete: the “about” and “headline” sections near the top of each profile. Now, with the new “enhance” tool, LinkedIn Premium subscribers can generate descriptions based on their experience.
Meta is “winding down” its support for NFTs on Facebook and Instagram less than a year after its push to adopt “digital collectibles” across its platform. The update comes as the social network has laid off thousands of workers and shuttered numerous projects amid what Mark Zuckerberg has described as the company’s “year of efficiency.”
The sudden collapse of Silicon Valley Bank has put more than a quarter of Roku’s cash at risk. The streaming company had $487 million, representing 26 percent of its cash, in Silicon Valley Bank, the company disclosed in an SEC filing Friday.
The Oversight Board has agreed to review a case related to Meta’s handling of election content in Brazil. In a statement, the board said they planned to scrutinize the social network’s policies surrounding election content in “high-risk” areas.