Media

99minutos, a logistics service company for e-commerce vendors across Latin America, is making fast work out of attracting funding. It announced today $82 million in Series C funding, led by Oak HC/FT, with participation from existing investors Kaszek and Prosus Ventures. The last round follows a $4

The EU’s ban on Russia Today (RT) and Sputnik has just gone into effect after the bloc formally adopted the sanctions, meaning media regulators are now expected to monitor compliance, with the risk of fines being levied by national watchdogs across the bloc for any platforms found continuing

Google has followed Apple’s lead and removed the apps of Russia Today (RT) and Sputnik from its mobile app store, Play, per Reuters. The two Kremlin-linked media outlets were sanctioned in the European Union following Russia’s invasion of Ukraine. Google had previously b

As Finland mulls joining NATO in the wake of Russia’s unprovoked invasion of Ukraine, another bit of M&A is going down in the country. Today, Netflix announced that it would be acquiring Finland’s Next Games, a developer of mobile games, for a total value of €65 million ($72 milli

Jung-ju Jay Kim, founder of South Korean gaming company Nexon, has passed away at age 54.  On Tuesday, Nexon's holding company NXC released a statement: “With deep sadness, Nexon mourns the unexpected death of its beloved founder, Jungju Jay Kim, who passed away in February.”

In advance of President Biden’s first State of the Union address, the White House announced plans to address the nation’s mental health crisis, specifically calling out social media’s impact on kids and teens. This issue has been top-of-mind for some members of Congress, especiall

After days of mounting pressure on tech companies to take further action against Russia in the wake of its invasion into Ukraine, Apple today confirmed it will remove the Kremlin-based media outlets Russia Today (RT News) and Sputnik News from the App Store in all markets outside Russia itself. The

Today after the bell, locally focused social network Nextdoor reported its fourth-quarter earnings. The company combined with a SPAC last November, making today its first quarterly report since going public. In good news for both Nextdoor investors and the general SPAC market, the company managed t

As major social platforms grapple with an influx of misinformation around the Russian invasion of Ukraine, Reddit is having its own reckoning. On Tuesday, Reddit added the subreddit r/Russia to its quarantine list, restricting the community from popping up in search results and marking it with warn

Apple today confirmed that it has halted product sales in Russia following last week's invasion of neighboring Ukraine. The news comes days after the hardware giant pulled Sputnik and RT News from the App Store and disabled some Apple Pay services in the country. Today’s news also finds i

Meta confirmed Tuesday that it is limiting the spread of content shaped by the Russian government across its platforms. The company will suppress the algorithmic spread of content shared by Russian state-linked Facebook pages and Instagram accounts and downrank posts containing links to those outl

As part of a series of actions Meta (previously Facebook) is taking in response to the Russia-Ukraine war, which have included restricting state media and increased efforts around fact-checking, the company also announced it’s making encrypted one-to-one chats in Instagram available to all ad

Instagram is introducing auto-generated captions for videos on its app, the company announced on Tuesday. Up until now, creators had to manually add captions to their videos. Instagram says the addition of captions will make Instagram more accessible for users who are in the deaf and hard-of-hearin

Alongside news that Disney+ will now house the Marvel live-action shows that were previously available on Netflix, the company today announced it will also introduce new parental controls that allow families to block younger children from being able to view these incoming TV-MA-rated properties. Th