Snap, the parent company of social media app Snapchat, has filed a $3 billion initial public offering with the New York Stock Exchange in a move that could rival Twitter’s entry into the market three years ago.
Snap disclosed in the filing that Snapchat had 158 million average daily active users as of the fourth quarter of 2016. It had annual revenue of $404.4 million in 2016, up from $58.6 million in 2015.
The social media platform also will become a more highly developed iOS producer, with priority being placed on the Apple app.
Snapchat’s news feature Discover has been widely adopted by several Australian news brands since its introduction in 2015.
Battling harassment one tweet at a time
Twitter is once again targeting harassment and hate speech in an attempt to make the site a safer user experience.
Twitter’s vice president of engineering, Ed Ho, announced three new combat features in a post.
“We’re taking steps to identify people who have been permanently suspended and stop them from creating new accounts,” he said. “This focuses more effectively on some of the most prevalent and damaging forms of behaviour, particularly accounts that are created only to abuse and harass others.”
A safe search option has been adopted to hide potentially inflammatory material, while collapsible conversations will hide low-quality content. These tweets will still be found on user profiles
Reddit removes online forums for doxing
Social site Reddit has removed several online forums, known as subreddits, from its site for hate speech and doxing, a practice of
searching for and publishing private information about an individual with malicious intent.
The conservative subreddits called “altright” and “alternativeright” were accused of hate speech and proliferating fascist propaganda. The pages were removed for violating the sites terms of service of doxing, The Guardian reports.
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