American court dismisses lack of diversity allegations against Facebook On March 22, 2021, a California federal magistrate judge granted Facebook’s motion to dismiss a shareholder class action arising out of an alleged lack of diversity on Facebook Inc.’s Board and other alleged discriminatory practices. Since July 2020, activist investors have filed a number of lawsuits…
Social Media business goes VR According to a recent UploadVR article, almost 20% of Facebook employees (around 10 thousand people) work exclusively on VR/AR/XR technologies now. The authors point out that Facebook’s Oculus division responsible for VR significantly increased the company’s non-advertising revenue from $346 in 2019 up to $885 million in the last three…
On 3 March 2021, the Media4Europe Summit gathered media convergence stakeholders around discussion on the future of news, journalism and classic media in Europe. Some of the major issues discussed included rapidly falling advertising revenue and subscriptions to mainstream media which are facing strong competition from online media. That problem has been particularly elevated in…
Clubhouse and Misinformation over voice? The new arrival in the social media scene – Clubhouse, iOS-exclusive all-voice app, has been gaining popularity recently. The increased interest is elevated by celebrities and big-tech representatives making apparitions on the platform. The limited availability (only iOS) and invited-only access policy give extra exclusivity to that novel platform. The…
In December 2020, more attention in media has been given to voices speaking against Tech Giants practices that are perceived to create closed, monopolised systems for advertising channels. Specifically, in the ad pipeline questioned, a large tech party is a representative for users as well as for businesses which try to sell their products. In…
Educational video for Medical Realities on Basic Life Support During Covid – 19 for training medical staff. The project was created during lockdown in UK using entirely online network methodology for media production. Students from Escape studios volunteered to contribute to the production aiding NHS by working from home computers and using online tools for…