Social media | Pixr8 News

Pinterest offers $15-$17 per share in IPO, Values below than $12 billion

8Apr By AdityaNo Comments

Market

Pinterest offers $15-$17 per share in IPO, Values below than $12 billion

Social media platform Pinterest Inc set a price range of $15 to $17 per share for its IPO valuing it below than the $12 billion at which the company raises the last funding in 2017. Pinterest offers 75 million shares through its IPO. After this proposal, the company valuation will be at $10.6B vs previous valuation of $12.3B Earlier, Reuters had reported that Image search social media platform Pinterest list itself on the New York Stock Exchange under the symbol “PINS”. The company, which owns the image search website known for the food and fashion photos that its users post, reported annual revenue of $755.9 million in 2018, up 60 percent from a year earlier. But it remains unprofitable even though its net loss narrowed to $62.97 million in 2018 from $130 million a year earl...

23Mar By AdityaNo Comments

Market

Pinterest files for IPO on NYSE

Pinterest, an image sharing platform with an estimated 250 million users, filed for a public share offering Friday, the latest of the big venture-backed startups to hit Wall Street. The San Francisco-based bulletin board that connects people with interests including food, fashion, travel and lifestyle said it would trade under the symbol PINS on the New York Stock Exchange. "Pinterest is where more than 250 million people around the world go to get inspiration for their lives," the company said in its filing with the Securities and Exchange Commission, which is expected to seek a valuation of around $12 billion. "They come to discover ideas for just about anything you can imagine: daily activities like cooking dinner or deciding what to wear, major commitments like remodeling a ho...

Facebook glitch exposes 600 million users passwords to its 20,000 employees

22Mar By AdityaNo Comments

News

Facebook glitch exposes 600 million users passwords to its 20,000 employees

AFP: Facebook Inc said on Thursday it has resolved a glitch that exposed passwords of millions of users stored in readable format within its internal systems to its employees. The passwords were accessible to as many as 20,000 Facebook employees and dated back as early as 2012, cybersecurity blog KrebsOnSecurity, which first reported in the issue, said in its report. "These passwords were never visible to anyone outside of Facebook and we have found no evidence to date that anyone internally abused or improperly accessed them," the company said. A senior Facebook employee said, "an internal investigation by the company so far indicates that between 200 million to 600 million Facebook users may have had their account passwords stored in plain text." Facebook said the issue was d...

Reddit Raising Funds from Tencent, Valuation could soar up to $3 Billion

6Feb By NitishNo Comments

FUNDING

Reddit Raising Funds from Tencent, Valuation could soar up to $3 Billion

USA based social news aggregation and discussion website Reddit is raising funds between $150 to $300 million from Tencent, as per the news reported by Techcrunch. Chinese tech giant Tencent is leading the Series D round at a $2.7 billion pre-money valuation and the post-money valuation could reach close to $3 billion. Reddit is famous between internet users for its AMA, link sharing news etc. They have 330 million monthly active users and 150,000 Subreddits. Reddit Numbers Having 350 employees team, Reddit reports that its video views touched 1.4 billion views per month and the revenue reach up to $100 million. Reddit also has a 22 percent increase in engagement and 30 percent rise in total views in 2018. The latest funding round by Chinese giant Tencent will help ...

Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger

27Jan By PriyankaNo Comments

News

Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger

As per the report, Facebook Inc Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption into these apps. The three services will, however, continue as stand-alone apps, the report said, citing four people involved in the effort. Facebook said it is working on adding end-to-end encryption, which protects messages from being viewed by anyone except the participants in a conversation, to more of its messaging products, and considering ways to make it easier for users to connect across networks. "There is a lot of discussion and debate as we begin the long process of figuring out all the details of how this will work," a spokesperson said. After the ...

22Jan By AdityaNo Comments

News

After India, WhatsApp Now Introduce forward 5 chats for users Globally to combat fake news

WhatsApp will now globally limit message 'forwards' to five chats at a time, a practice it had introduced in India in July last year to crack down on spread of rumours and fake news through its platform. In an update to its blog Monday, the Facebook-owned company said the move will help keep "WhatsApp focused on private messaging with close contacts". "WhatsApp carefully evaluated this test and listened to user feedback over a six-month period. The forward limit significantly reduced forwarded messages around the world," it said. It added that "starting today, all users on the latest versions of WhatsApp can now forward to only five chats at once...". The messaging platform which has about 1.5 billion users globally and counts India, Brazil and Indonesia among its major markets...

Facebook considered selling Users’ data for $250,000 in 2012: Report

12Jan By AdityaNo Comments

News

Facebook considered selling Users’ data for $250,000 in 2012: Report

IANS: Facebook considered selling users' data to companies some years ago but later decided to act against it, the media reported. According to Arstechnica.com that viewed an unredacted court document, Facebook staff in 2012 considered charging companies at least $250,000 for "access to one of its primary troves of user data -- the Graph API". "In April 2014, Facebook changed the way the previously permissive Graph API works. "The social media giant restricted some data access and eliminated all access to the earlier version by June 2015," the report said on Friday. The Wall Street Journal also reported that "Facebook employees discussed pushing some advertisers to spend more in return for increased access to user information". A failure on Facebook's part to adequately reda...

7Dec By AnkitaNo Comments

CHINA

Kim Kardashian Planning to Open Her Store in China

Reality television star and lifestyle mogul Kim Kardashian has her sights set on the Chinese market with plans to open a pop-up store, state media reported Friday. Kardashian, whose rapper husband Kanye West briefly lived in China as a child, recently launched her makeup brand KKW Beauty and told China's official news agency about her plans to do business in the world's second largest economy. But with a fraction of the followers on local social media platforms compared to her Instagram fans, she has a long way to go. "China has the best make-up, and I would love to explore more of it," she said from Los Angeles in the interview published Friday. Having "great interest in Chinese culture", Kardashian said she would like to film part of her reality TV show in the country. The...

Tumblr Banning All Adult Content After its App down From Apple’s App Store

5Dec By Press Trust of IndiaNo Comments

Tech

Tumblr Banning All Adult Content After its App down From Apple’s App Store

Tumblr has said it is banning adult content from the Yahoo-owned blogging platform, which saw its app pulled from Apple's App Store last month over child pornography. Tumblr will begin enforcing its new policy on December 17, giving users who host unwanted explicit content an opportunity to take their imagery elsewhere, according to chief executive Jeff D'Onofrio. There are no shortage of sites on the internet that feature adult content," D'Onofrio said in a blog post Monday. Those looking for adult content may be better off Going Here instead of Tumblr from now on. "We will leave it to them and focus our efforts on creating the most welcoming environment possible for our community." The decision to purge porn from Tumblr was made after "serious thought" regarding standards in the...

India’s Popular Social Media Platform Will Double The Hiring

24Sep By AnkitaNo Comments

News

India’s Popular Social Media Platform Will Double The Hiring

After raising USD 100 million, India's regional language social media platform ShareChat will double its employee numbers from current 75 to 150 people as it looks to further strengthen its technology platform and reach 100 million monthly active users. The Bengaluru-based company has recently raised USD 100 million in series C funding led by Shunwei Capital and others like Yuri Milner, Lightspeed US, handset maker Xiaomi and Morningside Venture Capital. "We are focused towards scaling up business in India, the financing will be used to scale up the business by creating and maintaining infrastructure. One of our main focus areas will also be to hire talent. We have about 75 people right now and we expect to double that to about 150 people in the next one year," ShareChat CEO Ankush Sac...

Soon after Blue Whale Challenge, Momo Challenge is Taking Lives

22Aug By Gauri SinghNo Comments

Tech

Soon after Blue Whale Challenge, Momo Challenge is Taking Lives

These days social media challenges are quite trending. People pick up a concept and make them viral through various methods. A challenge called the Blue Whale Challenge got viral almost a year back and that led to many suicides cases among teenagers across the world. And now, with a new concept, another challenge has been introduced that is called the ‘Momo Challenge'. Under this, the children and teenagers are encouraged to perform several dangerous and weird acts. This challenge is going viral on various social media platforms and mostly on WhatsApp. This challenge has reportedly led to the death of a 12-year-old girl in Argentina as stated by the Buenos Aires Times. This challenge initiated on Facebook where the people were challenged to interact with unknown numbers. As soon as t...

Facebook Applying Security Measures Ahead of Pak Elections

8Jul By PriyankaNo Comments

News

Facebook Applying Security Measures Ahead of Pak Elections

Facebook has enhanced its security measures to protect the integrity of the July 25 general elections in Pakistan and prevent the spread of false news, a spokesperson for the social media giant, which has been plagued by a massive data leak scandal, said. Facebook founder Mark Zuckerberg had to face a grilling in the US and in the European Parliament over the Cambridge Analytica scandal, in which Facebook was accused of unduly influencing the 2016 US electoral process. Sarim Aziz, Facebook's spokesperson in Pakistan, said that for the coming elections in Pakistan the company had increased its safety and security staff to monitor all activities connected with the elections and to protect the integrity of the elections. "We have increased the number of safety and security people on our ...