China’s Tencent Music raises $1.1 billion in downsized US IPO – TechCrunch

Tencent Music, China’s largest streaming company, has raised $1.1 billion in a U.S. IPO after it priced its shares at $13 a piece ahead of a listing on the Nasdaq. That makes it one of the largest tech listings of the year, but the pricing is at the bottom end of its $13-$15 range indicating that the much-anticipated IPO has felt the effects of an uncertain market. Indeed, the company is said to have paused the listing process, which it

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WhatsApp is finally adding stickers – TechCrunch

WhatsApp is finally adding stickers – TechCrunch

WhatsApp is finally adding stickers to its hugely popular messaging app. The company said today that support for stickers will roll out to Android and iOS users over “the coming weeks.” Initially, the app’s 1.5 billion users will have a seemingly limited selection with the first packs provided by WhatsApp’s own design team and some “other artists” chosen by the company. However, that’s likely to change in the future since WhatsApp will allow anyone to add stickers that can be used

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A Twitter employee groomed by the Saudi government prompted 2015 state-sponsored hacking warning – TechCrunch

A Twitter employee groomed by the Saudi government prompted 2015 state-sponsored hacking warning – TechCrunch

An explosive report in The New York Times this weekend sheds new light on the apparent targeting of Twitter accounts by “state-sponsored actors” three years ago. It comes in the wake of the confirmed death of Washington Post journalist Jamal Khashoggi on Friday, two weeks after he disappeared in the Saudi consulate in Istanbul. Khashoggi had long been a target of a Saudi troll army, according to the report, which employed hundreds of people to stifle the speech of government

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White House says a draft executive order reviewing social media companies is not “official”

White House says a draft executive order reviewing social media companies is not “official”

A draft executive order circulating around the White House “is not the result of an official White House policymaking process,” according to deputy White House press secretary, Lindsay Walters. According to a report in The Washington Post, Walters denied that White House staff had worked on a draft executive order that would require every federal agency to study how social media platforms moderate user behavior and refer any instances of perceived bias to the Justice Department for further study and potential legal

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Twitter vows to continue spam fight despite negative impact on user numbers

Twitter vows to continue spam fight despite negative impact on user numbers

Twitter has no intention of easing up on its fight against spam users and other factors that jeopardize the “health” of its service, despite the approach costing it three million in ‘lost’ monthly active users. Investor panic sent Twitter’s stock price down by nearly 20 percent in early trading today following its latest financial report. Twitter posted a record profit of $100 million for Q2, but its monthly user count dropped by one million, with its U.S. number in particular

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WhatsApp limits message forwarding in bid to reduce spam and misinformation

WhatsApp limits message forwarding in bid to reduce spam and misinformation

In a bid to cut down on the spread of false information and spam, WhatsApp recently added labels that indicate when a message has been forwarded. Now the company is sharpening that strategy by imposing limits on how many groups a message can be sent on to. Originally, users could forward messages on to multiple groups, but a new trial will see that forwarding limited to 20 groups worldwide. In India, however, which is WhatsApp’s largest market with 200 million

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