Social Networking
US neighborhood social app Nextdoor cuts 12% of staff
Annual operating expenses are expected to drop by about US$30 million due to the restructuring.
Diya Lal · · 2 min read
Bumble’s paying users drop 8.7% to 3.8m in Q2
Bumble posted a net loss of US$367 million, including US$404.9 million in non-cash impairment charges.
Grace Priscilla Teo · · 2 min read
Social networking service Nextdoor relaunches with news, alerts
Local news will be featured prominently through partnerships with 3,500 publications across the US, UK, and Canada.
Grace Priscilla Teo · · 2 min read
Tinder brings back double date feature after 2017 hiatus
The feature allows users to invite friends via text to pair up and match with other couples on the app.
Minh Le · · 3 min readBluesky launches trending topics feature in global beta
Users can find this feature in the desktop sidebar and mobile app search.
Diya Lal · · 1 min readBluesky considers subscription business model
A tentatively suggested price is US$8 per month or US$72 per year.
Grace Priscilla Teo · · 1 min readTemasek-backed ShareChat lays off 15% of staff, mulls new funds at lower valuation
In 50 Words: At US$1.5 billion, the Indian social media unicorn’s likely valuation is less than a third of what it was early last year.
Putra Muskita · · 1 min readSocial networking app WeGoWhere wants people to meet offline
The Singapore-based social media platform has just raised US$1.2 million in a seed round led by 500 Global.
Deepti Sri · · 2 min readTemasek co-leads $145m round of Twitter-backed Indian social media firm
Mohalla Tech, the parent company of social networking platforms ShareChat and Moj, said the latest fundraise values the company at close to US$2.9 billion.
Kul Bhushan · · 2 min readIndian digital media startup nets $60m in new funding round
Inshorts has raised a total of US$140 million from investors in the last year so far.
Kul Bhushan · · 2 min read