Snapchat may have first made its name in the crowded world of mobile apps with an ephemeral messaging service, but the startup and its wildly popular app are not disappearing anywhere soon. TechCrunch has learned from multiple sources that Snapchat is raising yet more financing at around a $20 billion valuation. Sources with knowledge of the deal say the social media giant…
Machine learning is accomplishing Facebook’s mission of connecting the world across language barriers. Facebook is now serving 2 billion text translations per day. Facebook can translate across 40 different languages in 1800 directions like French to English. And 800 million users, almost half of all Facebook users, see translations each month. Alan Packer, Facebook’s Director……
“…When you aren’t paying for a product, you are the product…” – original author
One of the magical innovations of the Web 2.0 era was when the bigger social platforms opened their doors to third-party app developers. LinkedIn, Facebook and Twitter widely touted ,and profited from, the concept of allowing consumers to plug their social graph into other applications.
We saw the meteoric rise of games, apps and business tools that leverage the ability to quickly insert value into the relationship.
RIP, Good Times.
Over the past few months, developers have had the door slammed in their face. Facebook shut down their API. LinkedIn has locked down their API, limiting access to a small number of partners who drive revenue for LinkedIn (recruiting related). Twitter has beendoing this too, so one would be a fool to build anything reliant on any of these platforms.
Snapchat, which only came into existence because of its ability to quickly scrape your social connections,
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