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TikTok to house all European user data in new Irish data centre

2020-08-06 14:25:00| Telecompaper Headlines

(Telecompaper) After moving its European privacy base in June to Dublin, TikTok said it will establish a new data centre in Ireland, its first in Europe, with an investment value of EUR 420 million. TikTok has come under fire in the US where it is facing a possible ban on security grounds, and a potential class action suit from people who believe the company is collecting their personal data without proper consent. This latest move shows the company wants to reassure European users that its service is safe. The company has denied claims it is controlled by the Chinese government.

Tags: user data house centre


Facebook doubles profit on strong growth in user numbers during Q2, sees pressure for ad revenue

2020-07-31 11:37:00| Telecompaper Headlines

(Telecompaper) Facebook doubled its net profit in the second quarter amid continued high engagement on its network amid the covid-19 pandemic, even as revenue growth slowed to 11 percent. The company noted however that it was seeing signs of normalisation in user growth and engagement as lockdown measures ease in some parts of the world, particularly in developed markets where the company's penetration is higher. The company expects the daily and monthly user growth to sequentially flatten or even decline in the third quarter as shelter-in-place measures restrictions continue to lessen.

Tags: user strong numbers growth


Twitter user growth accelerates in Q2, but revenues, profits fall on weak ad market

2020-07-23 15:15:00| Telecompaper Headlines

(Telecompaper) Twitter reported accelerated growth in users in the second quarter, as more people took to the social media platform to discuss current events. However, the user growth did not translate into more revenues, as the advertising market remained weak during the coronavirus outbreak, and the company reported a loss for the quarter. 

Tags: user market fall growth


Snap revenue, user growth slow in Q2

2020-07-22 09:10:00| Telecompaper Headlines

(Telecompaper) Snap reported a slowdown in revenue and user growth in the second quarter, while reducing its cash burn. Snapchat had 238 million daily active users during the quarter, up 17 percent from a year earlier and around 9 million more than in Q1. 

Tags: user growth slow revenue


TikTok: 'We don't give user data to China'

2020-07-20 10:13:20| BBC News | Business | UK Edition

A senior company official tells the BBC the video-sharing app is not "under the thumb" of the government.

Tags: user data give china


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