Google announces massive restructure
Following on from last week’s news that Google is to sideline Google Plus, the tech giant has now revealed that it is creating a parent company called Alphabet.
According to a surprise blog post by Google co-founder and CEO Larry Page, new holding company Alphabet will see a radical shake-up of the company’s corporate structure and management, making its activities “cleaner and more accountable”.
Google will become the largest wholly owned subsidiary of Alphabet.
With Google having made over 180 acquisitions to date, Page has admitted that some of Google’s interests “might seem very speculative or even strange”. However, he also said that: “We are still trying to do things other people think are crazy but we are super-excited about”.
More detail are expected in the coming weeks. To find out more about Alphabet go to https://abc.xyz/
Twitter execs put their money where their mouths are
Twitter executives have bought up the company’s stock in a show of support for the social media firm.
Co-founder and interim chief executive Jack Dorsey bought $875,000 of Twitter stock earlier this week, claiming that he was “investing in @twitter’s future.” Board members Peter Currie and Peter Fenton also purchased $250,000 and $200,000 in stock respectively, with CFO Anthony Noto making a similar purchase.
The investment is being touted as a demonstration of the board’s confidence in Twitter at a time when growth isn’t happening as quickly as hoped.
Interestingly, however, despite the fanfare over the latest stock purchases, Dorsey has actually sold shares worth $15.7 million since Twitter’s IPO.
In addition, rumours arose this week that Costolo (who Dorsey replaced as CEO) will step down from Twitter’s board of directors by the end of the year with a new CEO and board shake-up expected shortly.
Twitter sees 52% spike in government and copyright information requests
Twitter has released its latest transparency report, expanding its scope to include two new sections: trademark notices and email privacy practices.
In a recent blog post a Twitter spokesperson said: “In addition to the two new sections and updated data, we’ve rolled out a site-wide redesign, including an updated homepage, more mobile-friendly layouts, and easier access to individual country reports.”
The refreshed report reveals that there has been a 52% increase in account information requests affecting 78% more accounts since Twitter’s last report six months ago. This is the biggest spike in requests since the company began publishing the data. The U.S. remains the top source of these requests.
Facebook enters the live video race
Following the emergence of Periscope and Meerkat, Facebook has now thrown its hat into the live streaming arena with the introduction of Facebook Live.
While currently only available to public figures with verified Facebook pages, it is surely only a matter of time before the feature is made accessible to all users.
WhatsApp gets major iPhone update
Popular messaging service WhatsApp has released its latest iOS update with new features including lower data usage for calls and location sharing.
Other new features include video backups, customised chat notifications, new cropping tools, the ability to mark chats as read/unread with a swipe, and more.
A significant update for iOS, the changes now put the app on a par with its Android counterpart which has been enjoying the new features for a number of weeks.