Mobile Minutes: Facebook dumps FBX; Twitter curtails buy buttons; Snapchat raises $1.8B; PayPal ditches apps
Facebook goes all-in on mobile with dumping of Web ad
platform
Not so long ago, Facebook investors doubted the social
network's ability to win on mobile. Now it's practically the only thing that
matters.
Read more on CNBC
Twitter shifts strategy on commerce ads
Twitter Inc. on Wednesday confirmed it is curtailing an
advertisement effort that encouraged people to purchase products from merchants
without leaving the social-media service.
Read more on The Wall Street Journal
Snapchat raises $1.81 billion in new funding round
Messaging app Snapchat Inc has raised $1.81 billion in an
equity offering, indicating strong investor interest in the company despite
concerns that it is struggling to attract advertisers.
Read more on Reuters
PayPal to Microsoft, BlackBerry, and Amazon Kindle: Buh-bye
PayPal is ditching apps made for Microsoft Windows Phone,
BlackBerry and Amazon Kindle Fire devices, the company announced in a blog post
Wednesday.
Read more on CNET