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Will Our Love-Hate Relationship with Social Media Ever Break?

PYMNTS

consumers and social media. Data breaches, marketing so targeted and specific that it can feel creepy, lack of privacy and regrets over wasted time — people complain constantly about how social media causes or enables all that. Yet those same people find it hard to quit the Facebook, Twitter and social media platforms.

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Is Social Media Key to Hitting the Trillions for (Fin)Tech Companies?

Bank Innovation

Analyst Michael Markowski seems to think so, citing the technology giant’s recent acquisition of professional social media site LinkedIn as the boost that pushed Microsoft into the race. Could Microsoft be the first technology company to earn a one trillion market value?

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Social Media Lures Credit Card Giants – And Their Advertising Spend

PYMNTS

On social media – specifically, on Facebook. Witness the announcement last month by tech giant Apple that it was getting into the credit card game with both plastic and virtual offerings, and the news this past week that PayPal might offer credit cards, too. (As and American Express Co.

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Apple Winds Down iTunes

PYMNTS

There are plenty of signs that Apple is gearing up to say goodbye to iTunes. MacRumors reported that Apple has taken down all of the social media content from its iTunes page on Facebook, including posts, photos, and videos. The company is taking more of a focus on the booming subscription eCommerce market.

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Apple Gives Facebook Event Producers Temporary Fee Reprieve

PYMNTS

Apple has temporarily suspended its usual 30 percent assessment on fees users pay to small businesses that host what Facebook calls “Paid Online Events,” The Verge reported Friday (Sept. Facebook launched Paid Online Events to give small businesses a way to make money after COVID-19 made selling tickets impossible.

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Apple Hires Facebook Critic As Part Of Privacy Team

PYMNTS

Apple has reportedly hired Sandy Parakilas, an ex-Facebook employee who became a prominent critic of the company, as part of its privacy team. Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies. In 2017, Parakilas provided the U.K.

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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.