Page 15 - Social Media

ShareChat's adjusted Ebitda losses fall 67% to Rs 793 crore in FY24

Homegrown social media company ShareChat on Tuesday said its adjusted EBITDA losses fell by 67 per cent year-on-year to Rs 793 crore in FY24, amid 33 per cent growth in revenue. The company further said it is on track for a cash breakeven by March 2025. With improved financial metrics, the company expects to start investing back into growth and is on "actively" lookout for inorganic opportunities through acquisitions. Organic growth will happen through the expansion of the user base and increasing revenue per user. ShareChat has social media brands such as ShareChat app and Moj under its portfolio. While the company is sufficiently capitalised for now, it is looking at "adding more people to cap table ahead of preparations for IPO journey". It is eyeing timelines of 18-24 months for a possible IPO, depending on market conditions. "We will try and do one more funding round before we do IPO...possibly next year... but we don't need capital so we will time it based on interest in the

'Demure' becomes Dictionary.com's 2024 Word of the Year, fueled by TikTok

TikTok's viral phrase 'so demure, so mindful' earns 'demure' the title of Dictionary.com's 2024 Word of the Year, following a 1,200% surge in digital mentions

TikTok decision expected soon as Jan 19 divestment deadline looms

President-elect Donald Trump has said he will not allow TikTok, which is used by 170 million Americans, to be banned

Abandoning Elon Musk's X, users favour Bluesky over Meta's Threads

Once backed by Twitter co-founder Jack Dorsey, Bluesky has overtaken Threads in daily active users. Meta's decision to de-emphasise political content has alienated users seeking political discussions

Social media platforms urge Australia to delay ban on children under 16

An advocate for major social media platforms told an Australian Senate committee Monday that laws to ban children younger than 16 from the sites should be delayed until next year at least instead of being rushed through the Parliament this week. Sunita Bose, managing director of Digital Industry Group Inc., an advocate for the digital industry in Australia including X, Instagram, Facebook and TikTok, was answering questions at a single-day Senate committee hearing into world-first legislation that was introduced into the Parliament last week. Bose said the Parliament should wait until the government-commissioned evaluation of age assurance technologies is completed in June. Parliament is asked to pass a bill this week without knowing how it will work, Bose said. The legislation would impose fines of up to 50 million Australian dollars ($33 million) on platforms for systemic failures to prevent young children from holding accounts. It seems likely to be passed by Parliament by Thur

So you are thinking of leaving X for Bluesky. How does it work?

The apps look and feel similar. Here is how to use Bluesky and what you might miss from X

Some groups trying to use social media to affect cases: ex-CJI Chandrachud

Former Chief Justice D Y Chandrachud on Sunday said social media is being used by special interest groups to influence outcome of cases and judges need to be wary of them. He also noted that people nowadays want to form an opinion on the basis of 20 seconds they see on YouTube or any other social media platform, saying it poses a great danger. "Today there are special interest groups, pressure groups who are trying to use social media to affect the minds of the courts and the outcomes of cases. Every citizen is entitled to understand what is the basis of a decision and to express their opinions on the decisions of the court. But when this goes beyond the decisions of the court and targets individual judges, then it sort of raises fundamental questions about - Is this truly freedom of speech and expression?" he said. "Everybody, therefore wants to form an opinion in 20 seconds of what they see on YouTube or any social media platform. This poses a grave danger because the process of

Life doesn't run on FB likes, dislikes, develop curiosity: Sudha Murty

The world has become a touchscreen phenomenon and youngsters these days are fuelled by instant fame and money, but such a desire is not sustainable, philanthropist and author Sudha Murty said on Saturday. Addressing an event at a private university here, Murty urged the graduates not to chase instant fame but instead develop a mind of curiosity and learn from mistakes while trying new things ethically and legally. The whole world, for that matter, has become a touch screen phenomenon or syndrome. You touch the screen, you get something, you play or you read touch the screen, you get the reply. All of you think life is a touch screen. "No, it is not true. Youngsters like you are always fuelled by instant fame and instant money. That is not sustainable. Instant fame, nobody gets, the Rajya Sabha MP said. She advised the student to remember that life does not run on Facebook likes and dislikes, or followers or influencers. You have to make your mind healthy along with your body, she

Elon Musk blasts Australia's proposed law to ban social media for children

Australia plans to try an age-verification system to enforce a social media age cut-off, some of the toughest controls imposed by any country to date

Australia introduces world-first social media ban for children under 16

Australia's policy sets the highest age restriction on social media globally, surpassing France's recent ban on under-15s, which allowed exceptions with parental consent

Social media giants to pay fines worth $32 million under Australia ban

Australia is following a number of other countries that have attempted to restrict access to social media for children, with mixed success

Here's how Bluesky, alternative to X is handling explosive growth

Over the past week, Bluesky's growth has exploded, more than doubling to 15 million-plus users as people seek alternatives to X, Facebook and Threads

FIRs registered for 'social media campaigns against Jharkhand, CM Soren'

The Jharkhand Police have registered FIRs against operators of two social media accounts for allegedly running campaigns to malign the image of Chief Minister Hemant Soren and that of the state, a senior officer said on Saturday. The FIRs were registered after Soren and the ruling JMM accused the BJP of running "shadow" campaigns to malign the CM's and the state's image. "Two FIRs have been registered for campaigns against the CM's and the state's image," a police officer said. Soren had alleged that the saffron camp has been "spending crores of money on various social media platforms" and "created 95,000 Whatsapp groups" to campaign against the JMM-led coalition in the state. We have lodged two complaints against social media platforms for shadow campaigns at Gonda and Ratu police stations in Ranchi, JMM spokesperson Vinod Pandey told PTI. The JMM had also taken up the matter with the Election Commission. Chief Electoral Officer K Ravi Kumar told PTI that the commission has take

Melania Trump's 'most bullied' claim resurfaces after Biden tea snub

Meetings between the outgoing First Lady with the next is a longstanding tradition in the United States

Andhra targets YSRCP activists, cracks down on derogatory social posts

Andhra Pradesh govt issues 680 notices, files 147 cases and arrests 49 individuals in a week over derogatory social media posts allegedly targeting the wives and daughters of TDP leaders

Checking of bags a non-issue, Uddhav seeking votes by whining: Fadnavis

Maharashtra Deputy Chief Minister Devendra Fadnavis has said Shiv Sena (UBT) head Uddhav Thackeray was trying to divert the attention by needlessly protesting against the checking of his bags by poll officials and was "seeking votes by whining". What is wrong with checking of bags? the senior BJP leader wondered. Thackeray's frustration was showing, Fadnavis said on Tuesday while campaigning for the ruling Mahayuti's candidate Sulabha Ganpat Gaikwad in Kalyan East in Thane district ahead of the November 20 Maharashtra assembly polls. "What is wrong with checking bags? We had our bags checked during campaigning, and there was no need for this level of frustration," the deputy CM said, adding that election officials followed the same procedures with his campaign team too. Lacking pressing topics, Thackeray is now "seeking votes by whining", he said. For the second consecutive day, Thackeray claimed his bags were inspected by election authorities on Tuesday after he arrived in Latur

MUDA Scam: RTI activist levels fresh allegations against Karnataka CM

Right to Information (RTI) activist Krishna alleged that the wife of Chief Minister Siddaramaiah didn't pay the fee for the deed purchase in Mysuru Urban Development Authority site allotment

Man claims foreigners 'avoiding' Goa; state responds with police complaint

The Goa tourism department has lodged a police complaint, alleging that entrepreneur Ramanuj Mukherjee 'disseminated false data' to 'undermine' Goa's image

Sidhu Moosewala's parents share the face of his baby brother, Shubhdeep

In March 2024, Balkaur Singh and Charan Kaur, the parents of the late Punjabi rapper Sidhu Moosewala were blessed with a baby boy. They have now posted their youngest son's first photo to social media

Vizag man calls Kolkata 'India's dirtiest city', triggers online debate

A man from Visakhapatnam has started a discussion on the internet after describing Kolkata as "India's dirtiest city" in a post on his trip there on X. His social media post sparked a debate