Latest Social media News: Finextra Research

Tintra announces world's first built-for-purpose Web 3.0 bank

RegTech firm, Tintra, has just announced the next stage in its development strategy – the launch of the world’s first ever Web 3.0 banking platform.

18 March 2022

News/startups

Social investing app Shares raises $40m

After securing $40 million in Series A funding, London-based social and investing startup Shares is launching its app.

03 March 2022

News/retail

Meta and Chime sue alleged phishing scammers

Meta and digital banking giant Chime have filed a first-of-its-kind joint lawsuit against two Nigerian-based individuals they say have been using Facebook and Instagram for phishing attacks designed to get access to victims' financial accounts.

10 February 2022

News/regulation

Major tech antitrust bill advanced by US Senate vote

The Senate Judiciary Committee voted 16-6 this week to advance a major tech competition bill, says CNBC.

21 January 2022

News/payments

Facebook Messenger tests Split Payments feature

Facebook Messenger is testing a feature called Split Payments that lets users share the cost of bills and expenses from within a group chat.

03 December 2021

News/people

David Marcus quits Facebook

David Marcus has quit as the boss of Facebook parent Meta's fintech unit after leading a frustrating effort to launch the Novi digital wallet and its associated stablecoin Diem.

30 November 2021

News/people

Dorsey resigns from Twitter

Jack Dorsey has resigned has CEO of Twitter, leaving him free to concentrate on leading his other company, payments giant Square.

29 November 2021

News/payments

Facebook fintech unit rebranded as Novi

As part of its Meta rebrand, Facebook has renamed its financial services and payments group from F2 to Novi.

08 November 2021

News/crypto

Nydig acquires Bottlepay

Bitcoin company Nydig has acquired social media-focused micropayments app Bottlepay.

02 November 2021

News/payments

PayPal says not currently looking to buy Pinterest

PayPal's share price rose by four per cent on Monday after the firm said it is not pursuing an acquisition of social media firm Pinterest "at this time".

25 October 2021

News/payments

PayPal exploring $39bn Pinterest bid - Bloomberg

Pinterest shares jumped 11% on Wednesday in the wake of reports that PayPal is investigating a $39 million takeover of the social media company.

20 October 2021

News/startups

Commonstock raises $25m for social investing platform

Commonstock, a social platform that is bidding to help retail investors separate the signal from the noise by letting users share their real-time portfolios, and then amplifying the best performers, has raised $25 million in a Serie A round led by Coatue.

06 October 2021

News/crypto

Twitter lets users tip in bitcoin

Twitter is rolling out its tipping feature to all users and letting some people tip their favourite tweeters using bitcoin.

24 September 2021

News/payments

Stripe powers Twitter's Super Follows paid subscription feature

Twitter has enlisted Stripe to power a new 'Super Follows' feature that lets people pay to subscribe to creator accounts for exclusive content.

02 September 2021

News/retail

Klarna uses bus to educate Brits on influencer ads

A week after buying an influencer marketing software firm, Klarna is sending a double decker bus to Manchester to "raise awareness" among the public about when they are seeing an advert on social media.

09 August 2021

News/payments

Facebook Pay comes to third-party e-commerce sites

Facebook Pay is extending its reach outside of the social media behemoth's own platform, enabling online merchants to add the service as a payment option directly on their own sites.

16 July 2021

News/crypto

Misleading crypto ads to be targeted by UK watchdog

The UK's Advertising Standards Authority (ASA) is set to issue a crackdown on misleading cryptocurrency advertisements.

09 July 2021

News/regulation

Coalition urges UK government to add scams to Online Safety Bill

UK Finance, Which?, and City of London Police are among a host of organisations to sign on to a letter calling for the government to include online scams in its new 'Online Safety' bill.

07 May 2021