News highlights for 3 October
REUTERS/Dado Ruvic/Illustration/File Photo
Google joins the party, mulls a bid for Twitter
Google is working with financial adviser Lazard as it mulls a bid for struggling social networking firm Twitter, reported Bloomberg. The news follows reports last week indicating Google was in talks with Twitter over a possible deal, while Salesforce and Walt Disney also emerged as potential suitors. Read more…
Hey Presto, Netflix forces News Corp owned streaming service to the wall
SYDNEY (Reuters) – An Australian internet streaming company part-owned by News Corp said on Tuesday it will cease operations less than three years after launching, a sign that local start-ups are struggling against larger U.S. rival Netflix Inc. Read more…
Advertising on paid advertising social media to rise over next 12 months
NEW YORK (Reuters) – Marketers are poised to increase spending on paid advertising on social networks such as Facebook in the next twelve months due to the declining reach of free social marketing, according to a report from research firm Gartner. Read more…
Facebook Local? New marketplace launch for local purchases
(Reuters) – Facebook Inc launched Marketplace to allow people to buy and sell items locally as the social media network tries new ways to keep users engaged. The feature will appear as a “shop” icon at the bottom of the Facebook app and will allow users to list or search for items on sale in their neighborhood. Read more…
Google gets until the end of October to reply to antitrust charges
BRUSSELS (Reuters) – Alphabet’s Google has been given until the end of October, the fourth extension, to rebut EU antitrust charges that it uses its dominant Android mobile operating system to block competitors, the European Commission said on Monday. Read more…
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