News
Twitter Dashboard App, Facebook decreases organic reach, Apple to buy Tidal
Big week for Twitter, Facebook, Google, and Apple but significant bad news for Tesla. Here’s a list of the 10 most exciting updates and new stuff over the last week:
1. Facebook Changes ‘newsfeed,’ Again:
Facebook announced a significant update to the newsfeed that injects more posts from family and friends into users’ newsfeed(s) and less from publishers and brands. It’s terrible news for businesses, especially since some brands and publishers have reported a 44 percent decrease in organic reach last month, which puts extra pressure on companies to spend more on Facebook ads to reach their audiences.
If you’re seeing 1 percent organic reach from your total base, don’t be sad, many businesses get the same as you. To overcome this, try to create sharable content and spend more on sponsored stories for your good content.
2. Twitter Dashboard Mobile App:
A new mobile application to help businesses and influencers monitor their names/products/services on Twitter by setting up a list of pre-defined keywords. Also, it’s possible now to schedule tweets right from your mobile phone, in addition to instant analytics.
The dashboard is currently available for iOS users and the Web! Coming soon to Android.
3. Apple Might Buy Music App Tidal:
Apple is discussing acquiring its music streaming app; Tidal is a music platform that exclusively has copyrights for prominent artists like Beyoncé and Kanye West. Reported WSJ
Let’s see if Apple can seal the deal.
4. Facebook Launches Its Dedicated Fundraising Platform:
The social network giant gives the internet all it takes to stay on the platform. A
new product called “Facebook fundraising” is now accessible to pages to help startups to create fundraising projects within Facebook and receive donations/funds from supporters. The new product competes directly with fundraising platforms like Kickstarter and Indiegogo. Check out the Facebook fundraising platform.
5. Twitter Stickers:
Twitter has launched a new set of stickers to enable users to add unique emojis to their photo tweets. Select from a library of hundreds of accessories, emojis, and props to make your photos more fun. You can also use multiple stickers on an image, resize and rotate them, and place them anywhere on your picture.
P.S. It’s not just a sticker; soon, advertisers will be able to target Twitter users with Stickers and Emojis. Amazing? Keep up with us to know once you are available.
6. Apple’s New Patent Will Change How We Use Our iPhone(s), Literally:
A pair of Apple patent applications published Thursday indicate research into alternative input methods for iOS, namely a touch-sensitive stylus and a device capable of customizing a user interface based on whether a user is holding it in their left or right hand.
Apple is keeping many patents under the hood. Are we witnessing something cool soon?
7. ‘Android N’ Has Finally Got a Name. It’s Nougat
After the worldwide competition, Google finally revealed the name of Android 7.0. Nougat, yes, Nougat not Nutella
Watch the Android Nougat statue unwrapping!
8. Tesla Autopilot’s Crash is Under Government investigation:
Tesla Motors is facing significant issues with the National Highway Traffic Safety Administration after a recent fatal crash of a Model S during the Autopilot feature was activated.
What do you think about the future of Autopilot?
9. Facebook All New Events Platform is Now Available:
The new featured events are lists created by the Facebook team that show fun local things happening in specific cities. Events on these lists are drawn from art, entertainment, family, festival, fitness, food and drink, learning, community, music, and sports events.
In addition to featured events, Facebook will provide personalized, automated event suggestions throughout Facebook, including the dedicated events space. These event suggestions are algorithmically generated based on your preferences and activity, such as events you’ve connected to in the past, events popular with your friends and community, or events hosted by Pages you like. Check out more on Facebook Events features.
Will Facebook introduce its booking system?
10. Is Opera over the edge? Yes!
According to Opera Blog, Opera is the best browser that saves battery life by reducing activity in background tabs. It Wakes the CPU less often due to optimal scheduling of JavaScript timers, automatically pauses the unused plug-ins, reduces frame rate to 30 frames per second, tunes video-playback parameters, and forces usage of hardware-accelerated video codecs, in addition to a built-in ad blocker.
Will you consider Opera browser? And if not, why?
See you next Sunday.
Lendo, a Saudi Arabia-based Shariah-compliant crowdlending marketplace, has signed a Memorandum of Understanding (MOU) today with J.P. Morgan to improve access to financing for small and medium-sized enterprises (SMEs) across the country.
The MOU was signed during 24 Fintech, a premier fintech event that brings together industry leaders, innovators, and investors in Riyadh.
J.P. Morgan and Lendo are working together on potential opportunities to support the SME sector in Saudi Arabia in growing and sustaining the remarkable demand in this market.
“This strategic collaboration with J.P. Morgan, a pioneer in the financial industry, marks a significant milestone for Lendo,” said Osama Alraee, CEO and co-founder of Lendo. “By combining our strengths, we’ll deliver cutting-edge financial solutions to SMEs, supporting their growth and contributing directly to the realization of Saudi Arabia’s Vision 2030.”
The SME financing landscape in MENA presents a substantial market opportunity as limited financial access continues to restrict the growth of the region’s businesses, with commercial banks hesitant to issue loans to SMEs at scale, resulting in a high percentage of declined financing requests annually.
The total SME financing gap in developing countries is estimated to be approximately $5.2 trillion, according to the International Finance Corporation (IFC).
Lendo’s debt crowdfunding platform aims to bridge the financing gap for SMEs, aligning with Saudi Vision 2030’s goal to significantly expand SME lending from 4% in 2018 to 20% by 2030.
According to the latest available report from the Saudi Central Bank (SAMA), the total value of debt crowdfunding in Saudi Arabia surged from SAR 1.4 million in 2019 to SAR 771 million in 2022, marking a remarkable growth.
Lendo raised SAR 132 million ($35.2 million) in total funding from leading investors, including the most recent Series B led by Sanabil Investments, a wholly-owned company by the Public Investment Fund (PIF).
Since its inception in December 2019, Saudi fintech Lendo has processed over 5,000 financing transactions on its platform, providing over SAR 2 billion ($600 million) in financing to SMEs and generating SAR 280 million ($74 million) in returns for investors.
TA Telecom, a prominent player in the Middle East’s tech sector, has unveiled AnteThink, an AI-driven tool designed to enhance decision-making processes for individuals and businesses alike.
With a history of influencing the tech landscape through various initiatives, including advanced mobile solutions, high-volume payment platforms, and ventures in e-commerce, fintech, and analytics, TA Telecom has carved a niche for itself. Serving a vast user base of 40 million and processing an impressive 15 billion transactions across its platforms, TA Telecom has cemented its position as a tech industry leader, with some of its ventures achieving the status of Y Combinator companies.
Established in 2000, TA Telecom has emerged as a prominent player in the technology sector. With over 40 million users and processing 15 billion transactions annually, TA Telecom has made a notable impact. Recognized for its contributions by the Financial Times and featured on Deloitte’s list of fastest-growing tech companies in EMEA, TA Telecom is known for its adaptability and forward-thinking approach in the ever-evolving global tech landscape.
Sameh Ibrahim, CEO of TA Telecom, highlights the potential of AnteThink: “AnteThink reflects our commitment to leverage technology for practical impact. It aims to provide clarity and confidence in decision-making, whether in the professional or personal sphere. AnteThink is a tool that can empower startup founders, executives, and individuals to make more informed choices, alleviating the stress and uncertainty often associated with critical decision-making.”
Mostafa Ashour, CEO of Y Combinator-backed startup NowPay, shared his perspective on AnteThink: “AnteThink transformed our strategic planning, allowing us to explore various scenarios and prepare for different outcomes. It has strengthened our decision-making process, helping us navigate the complexities of the business landscape.”
AnteThink embodies TA Telecom’s commitment to innovation, focusing on supporting the startup ecosystem. The tool is tailored to help leaders and executives navigate the complexities of business management and strategic development by providing a clear picture of potential outcomes.
Key Features of AnteThink include:
1. Second Order Mode: Offering a comprehensive analysis of broader impacts, fostering a strategic mindset for long-term success.
2. Optionality Mode: Enabling detailed evaluation and comparison of different choices to ensure decisions align with strategic objectives and values.
3. Inversion Mode: Focusing on identifying and mitigating potential risks, thereby strengthening risk management strategies.
Credit: Antethink
AnteThink’s advanced AI technology aims to assist decision-makers with insightful analytics, offering guidance through the decision-making process.
Selina Bieber, the Senior Director of Global Markets at GoDaddy, has predicted a significant increase in Egypt’s e-commerce revenue. By 2028, it could reach $9.88 billion.
Godaddy is forming strategic partnerships and launching initiatives to help local entrepreneurs. These efforts align with Egypt’s digital transformation goals and its Vision 2030.
In an interview with the Arabic financial news “Amwal Al Ghad,” Bieber spoke about GoDaddy’s plans and how they match Egypt’s 2023 strategy. She highlighted the company’s aim to provide effective, easy-to-use digital tools and services. By 2024, GoDaddy wants to serve more customers in Egypt by making its digital tools more widespread.
The company is working closely with the Egyptian government, especially the Ministry of Planning. They are offering training programs to improve the digital skills of startups and existing businesses. GoDaddy’s services in Egypt include domain registration, web hosting, e-commerce solutions, and digital marketing tools.
Recent surveys support Bieber’s positive outlook for e-commerce in Egypt. They show a clear trend towards digital strategies among small businesses. Many are realizing the importance of having an online presence for their growth and success.
As GoDaddy continues its partnerships and supports government digital initiatives, its influence on Egypt’s digital landscape is growing. The company is committed to sustainability and reducing its carbon footprint. It aims not just for business growth but also to contribute to a sustainable and thriving digital economy in Egypt.
The 2028 projection indicates a vast potential for e-commerce, with GoDaddy playing a key role in this digital evolution.
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