Facebook has over 3 billion monthly active users, according to Meta’s latest quarterly report. That’s quite the staggering number. Even though Facebook has declined in popularity among younger people, the platform is far from dead. Across Meta’s entire family of apps — which includes WhatsApp, Instagram, Messenger and now Threads — there were 3.88 billion…
The owner of the @x Twitter handle confirmed that the company, now known as X, took over his account without warning or financial compensation, telling him the handle is a property of X. The handle had previously belonged to Gene X Hwang of the corporate photography and videography studio Orange Photography. In a letter, the company…
Apple and Amazon are facing a class-action style damages lawsuit in the UK alleging they abused their market power by colluding to increase the price of Apple products. The suit, which has been filed in front of the Competition Appeals Tribunal today, is seeking compensation of at least £500 million (~$645M) on behalf of millions of…
Google said today that more than 2 billion logged-in monthly users are watching YouTube Shorts, giving it an edge over competitors like TikTok and Instagram Reels. This number is up from 1.5 billion monthly logged-in users for YouTube Shorts announced last year. During its Q2 2023 results, Google also said that YouTube brought in $7.67…
Main Sequence, an Australian venture capital firm, said Wednesday it has raised the $450 million AUD (approximately $303 million) first close of its third fund. The venture capital firm, founded by Australia’s national science agency CSIRO (Commonwealth Scientific and Industrial Research Organisation), has secured funding from new limited partners, including LGT Crestone, NGS Super, Daiwa Securities…
San Francisco startup Ample is bringing its modular electric vehicle battery swapping technology to Mitsubishi Fuso’s electric trucks this winter, the company said Tuesday. This marks the first time Ample’s technology is being used for large vehicles. The company’s technology is currently being used on a small scale for ride-hail vehicles in San Francisco and…
Last year, global healthcare consulting firm Salient Advisory surveyed more than 80 companies across four African countries for a report emphasizing the growth of startups digitizing the continent’s health supply chain and distribution and regulatory frameworks governing e-pharmacy activities. This time, the firm went deeper into Africa’s health supply chain segment, broadening the scope of…
While the world is captivated by the drama of Twitter rebranding to X, rival social network Instagram is currently down for many users. People complained that they have been getting errors such as “Couldn’t refresh the feed.” Downdetector, a site tracking service outages, also showed people reporting that the Instagram app and website were not…
Hello and welcome back to Max Q! In this issue: A closer look at Umbra News from Rocket Lab, Astranis and more Umbra co-founder Gabe Dominocielo’s last name is roughly translated from the Latin as “lord of the skies.” It’s a fitting title for the head of a satellite imagery company — but in a recent…
When it comes to retail, it’s Amazon versus the world. That’s been true for a long time and will continue to be so for the foreseeable future. Plenty of factors have contributed to the company’s position as a seemingly unstoppable juggernaut. Among them is Amazon’s canny decision to buy and build fulfillment centers around the…
