Facebook Strategizes Ways to Draft Off Instagram’s Growth

Instagram is threatening to overshadow its parent company Facebook. The platform now has 1 billion users, more than Facebook had when it bought Instagram for $715 million, and, according to Bloomberg Intelligence, is worth more than $100 billion. Most critically, Instagram appeals to a younger demographic, which Facebook needs to keep growing. Other Facebook users are also gravitating to Instagram’s more lighthearted photo and video app, in the wake of Facebook’s involvement in privacy and political scandals. Continue reading Facebook Strategizes Ways to Draft Off Instagram’s Growth

Android Users Are Spending Less Time with Social Media Apps

SimilarWeb examined the amount of time Android users in nine countries spent on social apps Facebook, Instagram, Twitter and Snapchat during the first three months of 2016 and found that there has been a year-over-year decline. Facebook-owned Instagram saw the most significant drop of 23.7 percent (36.2 percent in the U.S.), followed by Twitter and Snapchat. Facebook was down 8 percent overall, 6.7 percent in the U.S. However, Facebook users in the U.S. spend a daily average of more than 45 minutes with the app. “Meanwhile, Facebook’s messaging apps — WhatsApp and Messenger — increased installs, up 15 percent and two percent respectively,” notes CNBC. Continue reading Android Users Are Spending Less Time with Social Media Apps

DraftKings and Fan Duel Get Temporary Reprieve in New York

On Friday, a New York judge granted the state attorney general’s injunction to bar daily fantasy sports companies FanDuel and DraftKings from operating in the state. Then, hours later, an appeals court judge allowed the companies to continue to operate until at least January 4, when the legality of the games will be further considered. The appeal was granted based on the argument of the DraftKings lawyers who said that even a temporary shutdown would irreparably harm the company. Continue reading DraftKings and Fan Duel Get Temporary Reprieve in New York