Nigeria businesses urged to leverage technology for competitive edge
Goddey OdinMarch 5, 2018
Nigeria businesses have been urged at the recently held Social Media Week 2018 in Lagos to leverage technology for information gathering toward enhancing business opportunities and economic growth. e event, which featured lots of industry and tech leaders as keynote speakers and panelists, gave entrepreneurs rooms to learn all that it takes to have a competitive […]
Facebook tests downvote button for flagging comments
Businessam StaffFebruary 9, 2018
How can Facebook promote meaningful interaction between users? By letting them downvote inappropriate comments to hide them. Facebook is now testing a downvote button on a limited set of public Page post comment reels, the company confirms to TechCrunch. But what Facebook does with signals about problematic comments could raise new questions about censorship, and […]
Germany’s antitrust enforcer accuses Facebook of unfair competition in data collection
Businessam StaffDecember 20, 2017
Germany’s top antitrust enforcer is going after Facebook with a new interpretation of competition law, saying the way it harvests user data constitutes an abuse of market dominance. The German Federal Cartel Office (FCO), the authority responsible for the enforcement of the German Law Against Restraints of Competition, has published preliminary findings Tuesday that accuse […]
Facebook hits back at former executive over statement on site ‘destroying how society works’
Businessam StaffDecember 13, 2017
Facebook has responded to a former executive who said the social network, and other services like it was “ripping society apart”. Chamath Palihapitiya made the comments last month but was circulated widely online on Monday. Facebook took the unusual step of issuing a statement to defend itself. A spokesperson said Palihapitiya had not worked at Facebook for […]
Facebook site ‘destroying how society works,’ former top executive says
Businessam StaffDecember 12, 2017
A former Facebook executive said he feels “tremendous guilt” over the creation of the social networking site, according to report by Sky News. Speaking at a Stanford Graduate School of Business event, Chamath Palihapitiya, former vice president for user growth, said “we have created tools that are ripping apart the social fabric of how society […]
Do social media threaten democracy?
Businessam StaffNovember 10, 2017
In 1962 a British political scientist, Bernard Crick, published “In Defence of Politics”. He argued that the art of political horse-trading, far from being shabby, lets people of different beliefs live together in a peaceful, thriving society. In a liberal democracy, nobody gets exactly what he wants, but everyone broadly has the freedom to lead […]
Snapchat outage prompts complaints on Twitter
Businessam StaffNovember 7, 2017
Snapchat faced a worldwide outage for at least four hours Monday, prompting a flood of complaints on rival mobile application Twitter a day before posting its third quarterly earnings as a public company. “We’re aware of the issue and working on a fix,” Snapchat said in its support Twitter account, recommending that users stay logged […]
Tech firms must do more on extremism, World Economic Forum warns
Businessam StaffOctober 30, 2017
A report from the World Economic Forum said Monday that United States tech firms such as Facebook Inc. and Twitter Inc. should be more aggressive in tackling extremism and political misinformation if they want to avoid government action. The study from the Swiss nonprofit organisation adds to a chorus of calls for Silicon Valley to […]
Twitter says it may finally turn a profit – after 11 years, £1.9bn losses and hundreds of millions of users
Businessam StaffOctober 26, 2017
Twitter has said it could finally turn its first profit, sending shares in the much-maligned social network up by 12pc. The company, which has lost around $2.5bn (£1.9bn) since its inception in 2006, forecast that an advertising turnaround helped by growing user numbers could help it turn a profit in the fourth quarter of this […]
Facebook’s new subscription efforts hit roadblock with Apple
Businessam StaffOctober 20, 2017
Facebook announced Thursday that it will begin testing a feature within Instant Articles that would help publishers get people to sign up for subscriptions to their sites. But the test will only roll out on Android devices at first because Facebook and Apple are still negotiating a revenue agreement — which is being complicated by Apple’s rules […]