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Mobile Minutes: Facebook dumps FBX; Twitter curtails buy buttons; Snapchat raises $1.8B; PayPal ditches apps

May 27, 2016

28699Facebook 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



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