Snapchats stocks dropped nearly five percent Tuesday in what appears to be a users reaction at the limited release of the app’s latest redesign which is intended to increase engagement.

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The Facebook's head of messaging products David Marcus said the company will streamline its Messenger app this year because its design has become "too cluttered. He also said that video will become a greater part of the messaging experience this year.

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Twitter is under fire this week after media organization Project Veritas published undercover footage of engineers from the company saying that employees – “at least, three or four hundred people” read users posts and supposedly private Direct Messages. The company denied the claim though.

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Twitter is pushing back against claims made by conservative activist group Project Veritas that its employees monitor private user data, including direct messages. In a statement to BuzzFeed News, a Twitter representative said “we do not proactively review DMs.

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Over 1000 people have been charged for sharing sexually explicit content without consent on Facebook in the biggest case of its kind in Denmark. According to Danish police, two videos and a sexually explicit image involving two 15-year-olds were originally posted to Facebook Messenger.

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Larger smartphones, also known as phablets continued to increase their popularity in 2017, with over half of all mobile devices in use now belonging in this category, according to Flurry's State of Mobile 2017 report. 55 per cent of devices fell into the phablet category, compared to 41 per cent in 2016.

Toymaker Lego has struck a partnership with Chinese internet behemoth Tencent to collaborate across a broad range of digital content and platforms. In making the announcement, Lego said it was seeking to increase the awareness of digital safety among children and parents in China.

Roger McNamee, an early Facebook investor, has spent the last week attacking chief executive Mark Zuckerberg for his firm's role in spreading fake news during elections. McNamee said he noticed anti-Hillary Clinton memes spread by bad actors in early 2016, and later flagged this to Facebook.

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Global ad spend will hit $589.5bn (£428bn) in 2018, according to Dentsu Aegis Network's latest Ad Spend Forecasts. Based on data received from 59 markets, the figures put global growth at 3.6 per cent in 2018, up from 3.1 per cent in 2017.

Facebook would start to deprioritise content from publishers and brands, in favour of that from users’ friends and family. Facebook’s share price fell by $8.39 (£6.10) to $179.37 at the close of trading on Friday.