Tag - social network

Kik Acquires Video Chat Social Network Rounds for Reported $60-$80m

Kik video chat feature Kik has acquired Rounds, a Tel Aviv, Israel-based video-enabled real-time social network, in a bid to boost its group video chat features – which it launched in December 2016. The cost of the acquisition has not been confirmed, but it is rumoured to be within the region of $60-$80m (£48-£64m) by Israeli media. All of Rounds’ employees will join the popular Canadian instant messaging platform as part of the deal, bringing its total headcount to 165. [...]

Facebook and Twitter desperately need to change in 2017

This is why Facebook and Twitter desperately need to change in 2017

As we are nearing the end of 2016, social networks are bigger than ever. Billions of people in the world are connected through only a small amount of platforms — the biggest being Facebook, Twitter and Instagram, the last of which announced it passed 600 million monthly active users last week. Statistically, most of them are doing fine — but in a lot of other ways, it is been a horrible year for social networks. Facebook is under scrutiny for [...]