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MTN Posted 18% Increase in First-quarter Revenue

MTN Posted 18% Increase in First-quarter Revenue

South African mobile operator MTN’s revenue and subscriber base is increasing. According to Reuters, the Mobile operator MTN Group on Wednesday posted a near 18% jump in first-quarter revenue, led by a double-digit growth in commercial operations across South Africa, Nigeria and Ghana. “The company’s revenue from fintech operations, which account for 10% of total revenue,...

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The Real Reason LG Closed its Mobile Business Unit

The Real Reason LG Closed its Mobile Business Unit

The South Korean tech giant announced on April 5 that it’s exiting the “highly competitive” smartphone business by closing its mobile unit, signaling the end of an era for a company that was once a top-tier handset maker. The decision underscores how difficult it is to compete with industry giants like Samsung and Apple, particularly in the...

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Facebook to start Running ads on Instagram Reels

Facebook to start Running ads on Instagram Reels

Facebook on Thursday said it will begin testing ads on its TikTok clone Instagram Reels in India, Brazil, Germany and Australia, as the social media giant aims to make money from its short-form video feature. The company is seeking to capitalize on its popularity in India, a fast-growing social media market, while rival TikTok has...

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Vodacom Announced is Partnering with Alipay to Build Super App

Vodacom Announced is Partnering with Alipay to Build Super App

According to CNN, the South African communications company Vodacom announced it was partnering with Alipay, part of China’s Alibaba group, to create a super app that will provide multiple financial services. Integrating with its VodaPay app, Vodacom says the new service will let users pay utility bills and transfer money, as well as connecting them with online...

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Apple to Roll out Subscriptions for Apple Podcasts

Apple to Roll out Subscriptions for Apple Podcasts

Apple unwrapped its latest bid to boost content revenue: The tech giant announced that it will roll out subscriptions for Apple Podcasts with select partners starting next month. It’s also launching an enhanced version of the Apple Podcasts app with the latest version of its iOS 14.5 operating system. It’s the “biggest change to Apple Podcasts since its...

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What does WhatsApp’s Privacy Policy Update Mean for Brands?

What does WhatsApp’s Privacy Policy Update Mean for Brands?

What does WhatsApp’s Privacy Policy Update Mean for Brands? Despite public pushback, Facebook-owned messaging app WhatsApp will be going ahead with the privacy policy update it announced earlier this year. While the public has begun to appreciate that WhatsApp’s privacy rules are in fact still very much in favour of the user, with messages sent remaining...

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Clubhouse Add payments Feature for Creators

Clubhouse Add payments Feature for Creators

Audio-chat app Clubhouse has launched a monetization feature for its creators on the platform. The company adds, “this will be the first of many features that allow creators to get paid directly on Clubhouse.” The users will be able to send payments through the platform, Clubhouse mentioned. The feature to receive payments will initially be...

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LG Close Down its Mobile Business Worldwide

LG Close Down its Mobile Business Worldwide

LG electronics said it will close its loss-making mobile phone business unit worldwide as the once pioneer brand looks to focus its resources in “growth areas” such as electric vehicle components, connected devices, smart homes, robotics, AI and B2B solutions, and platforms and services. The South Korean firm said in a statement that its board of directors...

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