Facebook sues operator of Instagram clone sites

Facebook sues operator of Instagram clone sites

Facebook has today filed another lawsuit against a company acting in violations of its terms of service. In this case, the company has sued Ensar Sahinturk, a Turkish national who operated of a network of Instagram clone sites, according to court filings. Facebook...
Lime plans for ‘modes’ beyond bikes and scooters in 2021

Lime plans for ‘modes’ beyond bikes and scooters in 2021

Lime is launching its fourth generation scooter in Paris this week, an example the company says of its financial turnaround and commitment to growth. But that product rollout isn’t over. Lime CEO Wayne Ting hinted Thursday during the WSJ Future of Everything event...
BuzzFeed acquires HuffPost

BuzzFeed acquires HuffPost

HuffPost has a new owner, with its current parent company Verizon Media reaching an agreement to sell the site to BuzzFeed. The Wall Street Journal broke the news and described this as a stock deal. Verizon Media is also making an investment in BuzzFeed and becoming a...
Lime touts a 2020 turnaround and 2021 profitability

Lime touts a 2020 turnaround and 2021 profitability

Micromobility company Lime says it has moved beyond the financial hardship caused by the COVID-19 pandemic, reaching a milestone that seemed unthinkable earlier this year. In short, the company is now largely profitable. Lime said it was both operating cash flow...