AdvtMeta subscriber plan risks digital divide, say critics Years after Facebook quietly removed a slogan that declared the site was "free and always will be", parent company Meta announced on Sunday a paid-for subscription service that has already been widely criticised. See More DetailsJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. "We'll be gradually rolling out access to Meta Verified on Facebook and Instagram and expect to reach 100 percent availability within the first 7 days of the rollout," a Meta spokesperson told AFP.Some attempts to join Meta Verified from Sydney found the service was not available on the first day of the rollout. "I think most of my friends would laugh at it," said Ainsley Jade, a 35-year-old social media user in Sydney.She sees a trend toward more casual use of social media and a shift away from a time when you "put your whole life on there". "I think over the long-term the functionality that we have now -- joining groups, selling things on 'Marketplace'- all of these add-ons that have emerged on Facebook over the years will eventually become subscription-based services."
"Walmart plans to bring its entire e-commerce enterprise and expertise into Massmart," said a source close to the buyout plan. "Instead, Massmart's units outside South Africa struggled with foreign exchange risk, tricky regulatory environments and macroeconomic volatility.In South Africa, meanwhile, competitors upped their game, said Jean Pierre Verster of Protea Capital Management, which manages funds with exposure to Massmart shares. And supermarket rivals handily fended off its push into fresh and frozen food.Former South African President Jacob Zuma's nine-year corruption-plagued tenure, meanwhile, tanked consumer sentiment.By 2019, Massmart was loss-making. "Walmart needs to get South Africa right," he said. "If it is going into Africa, it is going to go to Africa very slowly.5 months ago Brand Equity
AdvertisementEU set to bar Meta from ads based on personal data The Irish data protection agency, which oversees Meta because its European headquarters is located in Dublin, has been given a month to issue a ruling based on the European Data Protection Board's (EDPB) binding decision. See More DetailsJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETBrandEquity App Get Realtime updatesSave your favourite articles Scan to download AppBy ,ETtechSome social media and internet platforms have expressed concerns to the ministry of electronics and IT on certain provisions of the draft Digital Personal Data Protection (DPDP) Bill which includes age-gating, sources said. The bill could have opted for an age-sliding mechanism instead of one threshold of 18. Click here to know more.3 months ago Brand Equity
AdvertisementTwitter prohibits users from promoting accounts on Facebook, Mastodon The move would impact content from social media platforms like Meta Platforms' Facebook and Instagram, along with Mastodon, Truth Social, Tribel, Nostr and Post while allowing cross-content posting, Twitter support said in a tweet. See More DetailsTwitter changes rules over account tracking Elon Musk's jet Musk brought back the jet-tracking account after imposing new conditions on all of Twitter's users - no more sharing of anyone's current location. But shortly afterward, the account was suspended again. That came after Musk tweeted that a "crazy stalker" attacked a car in Los Angeles carrying his young son. See More DetailsJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis.3 months ago Brand Equity
AdvtDigital video viewing to top traditional TV in US: Forecast In the historic first, the market tracker expects "linear TV" to account for less than half of daily viewing, dropping to under three hours while average daily digital video watching climbs to 52.3 percent with 3 hours and 11 minutes. Netflix and YouTube are "neck and neck" leaders when it comes to digital video audience attention, with US adults tuning in for about 33 minutes daily on average at each platform, according to Insider Intelligence. See More DetailsJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. "With younger audiences comes greater responsibility," EU commissioner Thierry Breton told TikTok boss Shou Zi Chew in a call last month, according to a readout released by the EU. "It is not acceptable that behind seemingly fun and harmless features, it takes users seconds to access harmful and sometimes even life-threatening content.1 month ago Brand Equity
Enter Email Download ETBrandEquity App Get Realtime updatesSave your favourite articles Scan to download AppAmerican car manufacturer Ford will return to Formula One in 2026 after more than two decades away with a link-up with world champions Red Bull , the company said on Friday. Ford announced they were entering a "long term strategic technical partnership for the development of the next-gen hybrid power unit to be used from the 2026 Formula 1 season onwards. "The company said they would provide the power units for both the Red Bull team and the Alpha Tauri team until at least 2030. "It's fantastic to be welcoming Ford back into Formula 1 through this partnership," he said. he said.Red Bull enters the season as the defending constructors' champions for the first time since 2014.1 month ago Brand Equity
Domestic ratings agency Icra on Wednesday said it is monitoring the impact of the run on the Adani group stocks and other financial instruments. New York-based short-selling specialist firm Hindenburg Research on January 24 published a report making several adverse observations regarding accounting practices, related-party transactions, concentrated shares ownership by a few overseas investments firms and share price manipulation by the Adani group of companies. AdvtMost Adani stocks drop as rebuttal draws Hindenburg response Most of Adani Group’s companies extended a $51 billion stock selloff, an indication that the billionaire’s rebuttal of fraud allegations from American short seller Hindenburg Research is largely failing to convince investors. See More DetailsBy ,PTIJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. "While the Icra-rated Adani group entities do not have any immediate refinancing requirement, it is expected for some of the entities from FY25 onwards.1 month ago Brand Equity
Other shops have opted to display small capsule collections of essential fashion items with the same theme more discreetly inside their stores. See More DetailsBy ,ReutersJoin the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. 2 fashion retailer, fell as much as 6% in early trade after quarterly operating profit sank to 821 million Swedish crowns ($79.7 million) from 6.26 billion a year earlier. Zara has outperformed rivals after selling higher-priced garments and enticing shoppers who might have otherwise spent money at luxury stores.Britain's Superdry on Friday cut its profit forecast for this year as its wholesale business underperformed. The stock was down 0.65%.The details echoed those from Richemont and Burberry last week.The luxury industry is nevertheless expected to be one of the biggest winners from the loosening of restrictions that kept shoppers out of stores in China for months.1 month ago Brand Equity