Meta has announced that they are “winding down” (aka dumping) NFTs across the company. In short, Meta will be focusing on messaging and monetisation opportunities for Reels. Also, they will continue to develop Meta Pay and investing in messaging payments. See below announcement from Stephane Kasriel, Head of Commerce & Financial Technologies at Meta.
Alexis Ohanian, founder of Reddit, recently made the news. Within the context of protests across the United States, and indeed the world, in the wake of the killing of George Floyd, Alexis resigned from the Reddit board and suggested a black candidate should replace him. Alexis Ohanian was asked by many media types for an … Read more
eMarketer is forecasting that the COVID-19-influenced growth of social networks will benefit Instagram and Snapchat more than Facebook. The most recent update of the forecast sees Instagram adding more time spent by users than Snapchat while Facebook lags behind. Facebook is still leading with 34 minutes of average daily usage by US users. Instagram is now estimated … Read more