Social subscription Snapchat+ is already faring better than Twitter Blue

Snapchat’s recent move into premium subscriptions has gained a bit of traction in its first weeks on the market. Though the social app maker just last week reported a disappointing second quarter with an earnings miss amid a weak advertising landscape, its brand-new subscription Snapchat+ has already helped the app rake in over $5 million…

Venture investors shrug at proposed changes to US carried interest taxation

A compromise in Congress is forming among Democrats to tinker with the tax code, generate revenue by other means and apply those revenues to climate-change-related investments and deficit reduction. The Inflation Reduction Act of 2022, if it passes, would institute a minimum tax rate for large companies and close the carried interest loophole. TechCrunch explored…

Instagram to walk back full-screen home feed and temporarily reduce recommended posts

Instagram head Adam Mosseri says the social network will walk back some recent changes to the app that have led to intense criticism from users. Mosseri revealed the news in an interview with reporter Casey Newton. Instagram will phase out a test that turned users’ home feeds into a TikTok-like full-screen experience that prioritized video…

Securities are in the eye of the beholder

Image Credits: TechCrunch The U.S. Securities and Exchange Commission has brought down its wrath on Coinbase. The publicly traded exchange has been under investigation for allegedly selling crypto tokens on its platform that qualify as securities without adhering to the associated rules and regulations. Coinbase, for its part, is insistent that it does not sell…

YouTube creators can now quickly make Shorts from their long-form videos

YouTube Shorts, the company’s short-form video TikTok competitor, has proven to be a big success for the platform. But YouTube is still synonymous with its longer content and its well known long-form content creators. To help remedy this, the platform is releasing a brand-new tool to help YouTubers pull 60-second clips from their existing long-form…

JusTalk has been leaking user info for months

A major chat log database belonging to popular messaging app JusTalk was left unprotected on the web for months, accessible to anyone who knew where to look.  Cybersecurity researcher Anurag Sen uncovered the database, which did not have a password, storing unencrypted data including plenty of personally identifiable information, useful for cybercriminals looking to engage…