The news business is booming right now, at least online. Critics consider web journalism to be a thriving business but this recent trend could be responsible for the influx of news apps flooding the market.
LINE, the Korean messaging app that first became popular in Japan, is also experiencing tremendous success outside of Asia. Like WhatsApp, LINE lets users make free voice calls and send free text messages from anywhere in the world. Jeanie Han, the woman who heads up LINE's presence in the US and Europe, spoke to us about LINE's phenomenal growth at Mobile World Congress in Barcelona.
Flipagram, the mobile storytelling app that has attracted some of the biggest names in venture capital, has laid off more than 20 percent of its staff in a restructuring, Business Insider has learned. The axe fell October 1 when 17 employees were told they were being let go, a former employee who attended the meeting said.
Twitter Inc. (NYSE:TWTR), has announced its intention to sell advertisements on tweets posted on third-party publisher apps and websites. The announcement, made at the Consumer Electronics Show 2015 in Las Vegas, is another move by the company to broaden its efforts to monetize its services, according to a report published on the Wall Street Journal.
WeChat, a Chinese app, is taking over the country. Earlier this year, Tencent, the company that owns WeChat, reported that four-year-old WeChat now has 549 million monthly active users (MAUs). At the end of last year, the company had 500 million, meaning its user base had jumped up 9.8 percent in a matter of months.
When Yahoo hired Marissa Mayer to be its CEO in July 2012, it was because she is considered a technology product genius. The hope was that she would save the company by fixing its current stable of products and come up with some new ones – the next Pinterest, Snapchat, or Instagram.