Social Media News

Sep09

Can Social Media Affect Bitcoin Prices?

Posted by Firdaus on Sep 9, 2022

Can Social Media Affect Bitcoin Prices? Source – https://www.investing.com/news/cryptocurrency-news/social-media-interest-in-bitcoin-hits-alltime-high-2379498 If you were to ask everybody what the first thing they do when they start their day is, chances are a lot of people are going to say that they check their phones. Social media plays a huge role in this as people use it as a means to stay in touch with loved ones, get updates on the news, and simply kill time. Because of its popularity, the impact that social media has on the real world is quite significant. If you buy and sell cryptocurrency, then you will be interested to know just how much of a massive role social media plays on the value of certain types of crypto. Right from the beginning of the crypto days, there were online forums that talked about it, and now, the same happens but on a much larger scale. Here, we will talk about how social media can affect the price of crypto, specifically Bitcoin. How to Keep on Top of the Value of Crypto If you want to have a constant understanding of how much different types of cryptocurrency are worth, then you will be happy to know that there are a number of websites out there that can help you with that. One of the easiest to use is the real-time website OKX at https://www.okx.com/markets/prices/bitcoin-btc, which provides frequent updates of how much the likes of Bitcoin are currently worth and what direction the market is moving in. As such, it is important that you keep an eye on these different updates so that you know what your cryptos’ worth is and how social media might have impacted that value. The Power of Trending The amount that trending can impact the value of certain types of cryptocurrency is huge. When something goes viral online, it means that more and more people invest in whatever is trending, which means its value of it will increase. This was seen quite recently as in 2020. There was a surge in the number of people who were investing in Dogecoin because of a TikTok trend that spoke about it. This led the price of Dogecoin to rise at an exponential rate. Influencer Behaviour Bitcoin and other forms of crypto and entirely decentralized, which means that no person or authority has governance over them....

Aug28

Trump’s Truth Social Owes $1.6 Million to Web Hosting Service

Posted by Jane Danes on Aug 28, 2022

Trump’s Truth Social Owes $1.6 Million to Web Hosting Service

Truth Social is facing financial challenges. truthsocial.com The Truth About Truth Social Fox Business reported that Donald Trump’s Truth Social is not paying its web hosting service, thereby, owing $1.6 million. It indicates that the former US president’s social media platform is hurting financially. Truth Social has a contract with RightForge, the web hosting service. But the report shows that the social media platform only made three monthly payments since the two started working together. Since March, it has not made new payments. The company threatens to sue Truth Social to recoup the money. Stunted Traffic The traffic to the said social media platform remains low. Digital World was scheduled to acquire it. But it fears the former president’s legal trouble could dwindle his popularity. Truth Social is a clone of Twitter. It launched after Trump was banned in 2021. Unfortunately, up to now, it’s still struggling to become lucrative. It has no signs of growing. The company that plans to take Trump’s startup warned that its business could be destroyed if the former president becomes less popular or he faces more controversies that would damage his credibility. Trump uses Truth Social as one of his online megaphones. After the FBI searched Trump’s Florida estate, Trump used the said platform to react to the event. The said platform also struggled to obtain a trademark for Truth Social. The US Patent and Trademark Office denied its application stating the “likelihood of confusion” to other similar companies, such as VERO — True Social, which was released in 2015. Trump’s representatives did not respond to requests for comment. RightForge advertised as a pillar of conservative push to create an Internet protected from the expurgation of the Big Tech. But it did not comment on the report. Over the years, Trump’s businesses have faced similar payment battles. Digital World noted that some companies associated with Trump have already filed for bankruptcy. There’s no assurance that the former president’s media company will not become insolvent. Trump Social has become the online platform of many conservatives, especially Trump supporters. For instance, an armed man killed after he tried to storm an FBI office had been a user of Truth Social. In his posts, he urged followers to kill FBI agents on sight. Unfortunately, after the Mar-a-Lago search, the platform’s viewership slowed down. Its US audience also...

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Jul19

Meta adds new payment options in Messenger for SMBs

Posted By Francis Rey on Jul 19, 2022

Meta wants to expand support for ecommerce. It has launched new payment options between users and businesses in Messenger. Now you can make purchases and track orders directly in chats with small businesses on @instagram in the US ????https://t.co/8tXA0AkhpQ pic.twitter.com/nFzn7d0YDl — Meta Newsroom (@MetaNewsroom) July 18, 2022 For this instance, the new option allows businesses to request payment in the message thread. Users can...

Jul14

Netflix Partners with Microsoft for Ad-Supported Service

Posted By Jane Danes on Jul 14, 2022

Microsoft will be its exclusive ad technology and sales partner. Netflix’s Ad-Supported Tier The streaming giant will soon introduce an ad-supported tier. And it chose Microsoft to provide the ad technology. Microsoft was not the only contender, though. Google was reportedly a top choice but, in the end, Microsoft won the contract. Why Microsoft? According to Netflix, “Microsoft has the proven ability to...

Jul06

Twitter files lawsuit against the Indian government over blocking orders

Posted By Ola Ric on Jul 6, 2022

Image Credit: Wired Twitter has filed suit challenging the order asking it to take down content on its platform. The social media giant filed the petition with the high court in Karnataka state. Twitter is praying the court to stop the authorities from compelling it to obey the order, reports the BBC. Twitter’s suit was in reaction to a letter from the Indian government warning of “serious consequences” of non-compliance of such...

May28

TikTok launches new reward program for creators

Posted By Ola Ric on May 28, 2022

TikTok has launched a new program aimed at rewarding creators. Called Live Subscription, the program gives fans access to perks like a subscriber-only chat, creator-specific emotes, and badges that differentiate them from non-subscribers. Videos from several creators have been posted in the page where the announcement was made a couple of days ago by TikTok. Creators have announced their interest in taking part in the program, while...

May27

Instagram Marketing Trends to Add to Your Marketing Strategy

Posted By Gaurav Sharma on May 27, 2022

Instagram Marketing Trends to Add to Your Marketing Strategy With the constant advances in digital technology, social media is constantly evolving. And Instagram, with over two billion monthly active users, is no exception. Image via Statista By remaining ignorant of the latest Instagram marketing trends, you miss out on a chance to get the most out of your content creation efforts. This is because 70% of shoppers turn to Instagram...

May22

Senate introduces new bill that could potentially break Google’s ad business

Posted By Ola Ric on May 22, 2022

Image Credit: WSJ The US Senate has introduced a new bill aimed at breaking up Google’s advertising business. If successfully passed into law, the bill would prevent companies that process more than $20 billion in annual digital ad transactions “from participating in more than one part of the digital advertising ecosystem,” reports The Wall Street Journal. The Competition and Transparency in Digital Advertising Act has the...

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