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Instagram announced on Tuesday that it is no longer a photo-sharing app, but instead, it will focus on creators, video, messaging, and shopping as the pandemic accelerated the shift of commerce from offline to online by a number of years. The announcement garnered mixed reactions in the comment section, some claiming the move would sabotage the app's foundations.
As the U.S. economy rebounds from its pandemic slump, computer chips are in short supply, making it difficult for schools to buy enough laptops for students forced to learn from home. The shortage has been rippling through various markets since last summer, particularly in the auto industry, where there aren't enough chips to finish building vehicles that are starting to look like computers on wheels.
Twitter is partnering with AP, Reuters and other media organizations to help with its Curation efforts to help the company with the accuracy of the news that circulated across Twitter. The partnership will also help with public service announcement during high visibility events, and misinformation labels, among other things.
Amazon has introduced its new biometric palm print scanners, Amazon One, so customers can pay for goods in some stores by waving their palm prints over one of these scanners. The company has expanded its biometric scanning technology to its stores across the U.S., including New York, New Jersey, Maryland and Texas.
Square announced that it is acquiring Australian buy now, pay later giant Afterpay in a $29 billion all-stock deal, valued at more than 30% premium to its latest closing price of A$96.66. The purchase price is based on the closing price for Square common stock on July 30, which was $247.26.
Twitter is getting back in the e-commerce game with its Shop Module, providing brands a way to shorten the sales funnel on its platform. While it is already a growing channel for brands, e- commerce is one of the trends that made gains during the coronavirus pandemic, accelerating roughly five years due to the pandemic.
Zoom has agreed to pay $85 million to settle a lawsuit accusing the video chat giant of violating privacy and enabling "zoombombing" (that is, trolls dropping into others' chats). The settlement also requires tougher security measures, warning about participants with third-party apps and offering special privacy-oriented training to Zoom staff.
There are currently no regulations for Blue Origin and Virgin Galactic space flights when it comes to anything from passenger safety to air traffic and environmental pollution, but space law experts say the industry is still too new to be heavily regulated and federal agencies will likely take many years to develop policies to make trips to the edge of space as safe as a flight across the country.
The companies behind some of the biggest acts in K-pop are pioneering a new way to monetize them, developing online platforms to help K-Pop fans feel as though they have direct access to their idol favorites. This access helps shape the way these fans interact with the idol as a form of friendship, and how they engage with other fans.
Amazon contracts 2,000 private delivery firms through its DSP (delivery service partner program, which accounts for 115,000 drivers in the US who help with the company's daily fulfillment operations. The ten current and former drivers described instances where there was active concern for their own safety while driving an Amazon van, but were unable to report it.
