Disney reports strong second-quarter, but takes $353 million write-down on Vice

Walt Disney Co. is writing down its investment in Vice Media for the second time in less than a year. In its otherwise upbeat second-quarter earnings report, the company said it was taking an impairment of $353 million for Vice. This follows the $157 million write-down Disney disclosed during its fourth-quarter earnings report in November. […]

Social media firms agree to work with UK charities to set online harm boundaries

Social media giants, including Facebook -owned Instagram, have agreed to financially contribute to UK charities to fund them making recommendations that the government hopes will speed up decisions about removing content that promotes suicide/self-harm or eating disorders on their platforms. The development follows the latest intervention by health secretary Matt Hancock, who met with representatives […]

Talk key takeaways from Facebook’s F8 with TechCrunch writers

Facebook’s annual F8 developer conference is taking over the McEnery Convention Center Center in San Jose this week and TechCrunch will be on the ground covering any and all announcements. The week is sure to have its fair share of fireworks as the company’s top brass takes the stage to talk about the future of […]

NYT’s ‘The Daily’ now reaches 2 million listeners per day

The New York Times’ popular podcast “The Daily” is continuing to grow. The news media organization this morning announced its show — which today is ranked No. 7 on Apple’s Top Charts for Podcasts — now reaches 2 million listeners per day, and has expanded to a staff of 17 people up from the four […]

Sri Lanka blocks social media sites after deadly explosions

The government of Sri Lanka has temporarily blocked access to several social media services following deadly explosions that ripped through the country, killing at least 207 people and injuring hundreds more. Eight bombings were reported, including during Easter services at three churches, on the holiest weekend of the Christian calendar. In a brief statement, the […]

Facebook now says its password leak affected ‘millions’ of Instagram users

Facebook has confirmed its password-related security incident last month now affects “millions” of Instagram users, not “tens of thousands” as first thought. The social media giant confirmed the new information in its updated blog post, first published on March 21. “We discovered additional logs of Instagram passwords being stored in a readable format,” the company […]

UK sets out safety-focused plan to regulate Internet firms

The UK government has laid out proposals to regulate online and social media platforms, setting out the substance of its long-awaited White Paper on online harms today — and kicking off a public consultation. The Online Harms White Paper is a joint proposal from the Department for Digital, Culture, Media and Sport (DCMS) and Home […]