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Weibo Corporation (NASDAQ: WB) on Thursday reported lower revenues and net profit for the second quarter of 2022, despite an increase in the number of users.

The China-based social networking company reported adjusted profit of $0.46 per share for the most recent quarter, down 42% from the year-ago period. On an unadjusted basis, net profit decreased to $28.3 million or $0.12 per share from $81.03 million or $0.35 per share last year.

The bottom line was hurt by a 22% decrease in revenues to $450.2 million. At the end of the quarter, Weibo had around 582 million monthly active users and 252 million daily active users.

Read management/analysts comments on quarterly reports

On monetization, although broad-based headwinds weighed on advertising demand in the near term, we are encouraged to see resilient performance of certain sectors and the gradual pick-up of the overall advertising business after the pandemic. Weibo also delivered a non-GAAP operating margin of 32% in the second quarter, which further improved from the first quarter of 2022, as we executed against our efficiency initiatives to optimize costs and expenses, said Weibos CEO Gaofei Wang.

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Earnings Infographic: Highlights of Weibos Q2 2022 results - AlphaStreet

LadBaby, a social media sensation, is said to have been caught on camera fondling the butt of an unidentified lady in a nightclub.

The 35-year-old, whose actual name is Mark Hoyle, has developed a cult-like following on Instagram and TikTok thanks to the family-friendly films he and his wife Roxanne post.

Hoyle seemed to embrace the lady in an 18-second film posted on TikTok this week.

The lady eventually finishes her drink and departs, leaving Hoyle alone himself in the bar.

The videos recording date and location are unknown, and some fans have speculated that the guy in the clip is not Hoyle but rather a doppelganger.

The 35-year-old, whose real name is Mark Hoyle, has gained a cult like following on TikTok and Instagram for the family friendly videos he makes with his wife, Roxanne (pictured together with their two children)

Just three hours ago, the couple shared another lighthearted video on their joint TikTok account, showing Roxanne dancing in activewear and hugging her husband

LadBaby, who has 5.6 million Facebook fans and 3.4 million TikTok followers, rose to stardom with his Christmas songs featuring sausage rolls, which have been at No. 1 for four years.

Despite being removed from the social networking platform for breaking its content policies, the original footage has nevertheless been shared hundreds of times.

If its not him, why did he stop groping the girl when he spotted the camera, wondered one fan?

Another person said: I believe people need to quit passing judgment on a subject they have no knowledge about. Give them space.

We all know Rox would have dropped and booted him out the door by this point, but she is as content as ever, so Im content with that.

Hoyles agents have been contacted by MailOnline for comment.

Hoyle, a former graphic designer, and his 37-year-old fellow YouTuber wife have two kids together. Their kids often appear on their social media accounts.

With his sausage roll-themed Christmas charity tracks, LadBaby has reached Christmas No. 1 for four years. He has 5.6 million Facebook fans and an additional 3.4 million on TikTok.

Link:
LadBaby, a social media sensation, is accused of groping a womans Bottom - TDPel Media

KOLKATA, India, Aug. 30, 2022 (GLOBE NEWSWIRE) -- Hahalolo had the grand opening for the Indian branch office. In this event, Hahalolo announced their development plans for products and brands in the Asia-Pacific and Africa markets, as well as the upgrade plans for the US headquarters in late 2022, with the goal of achieving 25 million users.

As a leading travel social networking application, Hahalolo will face many challenges competing with the giants in the technology field. However, their powerful features can surely help them complete their missions and goals confidently.

A leading all-in-one application in the tourism industry

In the context of globalization, travel is no longer a trend but has become a necessity in life. The current tourism trend has been shaped as multinational associated, which means that associations, organizations, and companies will join hands to be a sustainable industry rather than stand alone.

This means an increasing need for limitless connection without worrying about languages or geographical distance.

Many technology applications for tourism promotion and development have been created to meet such demand. In particular, Hahalolo is considered a leading application on travel social networks in integrating convenient features for users, including OTA Online Travel Agent, social networking, and e-commerce.

This ecosystem makes it easier for travel enthusiasts to book tours, airline tickets, hotels, online shopping, and share their journey experiences. All with just one touch.

High-quality, high-value content

The explosion of social networks raises many concerns for managers and parents when negative and unhealthy contents take over.

As a social network made for travel and real experience, the content on Hahalolo is receiving positive reviews from users. According to Mr. James Dang - CEO of Hahalolo USA, this application has added features to encourage users to create high-quality and high-value content. This way, Hahalolo will become a super app with engaging contents to develop and preserve cultures.

Mr. James Dang - CEO of Hahalolo USA

This brings great benefits to users as they can access a variety of unique and diverse knowledge from cultures, lands, and destinations worldwide.

They can find information and experience for upcoming trips or share personal experiences with others. This platform has all the necessary features of a social network, from creating content to entertainment, sharing, and connecting with people with the same passion.

The "Haha" reactions button on Hahalolo carries a positive message and creates a happy feeling for users.

The opportunity to make money

Unlike other social networking platforms where users can only make money from creating video content, Hahalolo users (Halo -ers) can earn from posting articles and images. Viewers can show appreciation for the articles, photos, and videos by awarding points to the content creators. These points can then be used to pay for OTA and e-commerce services on Hahalolo.

With the cumulative coin mining feature, Halo-ers can earn money by regularly interacting on Hahalolo. New users will receive coins equivalent to 10 USD when creating an account and can receive a daily reward of 1 USD when using the social network. The accumulated coins can also be exchanged for vouchers on Hahalolo for airline tickets, hotel bookings, and tours.

Mr. James Dang affirmed that Hahalolo has a distinct direction for product and brand development. We do not consider existing brands as competitors but gear Hahalolo towards being the common property of everyone, serving many generations, - Mr. James added.

https://www.globenewswire.com/NewsRoom/AttachmentNg/729bbba4-16a9-4bc9-934a-ce61549cb41e

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Travel social network Hahalolo aims to achieve 25 million users by the end of 2022 - GlobeNewswire

The company behind last summers hot social app Poparazzi appears to be readying a round two following its $15 million Series Aannounced in June. A new listing in the App Store under the developers account, TTYL, is teasing a pre-release app called Made With Friends. The app offers a twist on Poparazzis original concept of social networking profiles crafted by a users friends, instead of by the users themselves, but adds support for other types of content.

Poparazzi had encouraged friends to post photos to each others social networking profiles as if they were their friends paparazzi hence the name. Made With Friends, meanwhile, expands on that concept by asking users to post all sorts of things to their friends profiles including text-based content like answers to questions or prompts, as well as photos and videos.

This Poparazzi spin-off seems partly inspired by todays popular Q&A apps, like Sendit or NGL, which tie into other social networks, like Snapchat and Instagram. On those apps, users receive questions in an inbox that they can answer and share to their social profiles or Stories elsewhere. But in the case of Made With Friends, users arent posting questions anonymously, nor is the app itself delivering fake questions to create engagement as the anonymous Q&A apps had been doing (at least, until Apples App Review team caught on and requested changes to be made).

However, based on some earlier screenshots of the new app, it does appear the Q&A responses in Made With Friends could be designed for social sharing to other platforms, like Instagram.

Image Credits: Made With Friends

TechCrunch reached out to the team behind Poparazzi to ask about its plans for the new app and whether or not this was an attempt to pivot into a new area. The company responded (after publication) to confirm the new app would be released in the fall and noted Poparazzi was continuing to grow. It clarified, through a spokesperson, that Made with Friends was an evolution of Poparazzis Challenges feature from the past summer, where it challenges users to post using a prompt.

But according to data from Apptopia, the Made With Friends app was originally titled Pop Made with Friends, and had described itself as a way you could pop someone by answering questions about them, tagging them on a prompt with a photo, video, GIF, quote or description. The updated version on the App Store today does away with the pop lingo and branding, but introduces the same concept of social profiles that are essentially made by friends.

It makes sense that Poparazzis team is beginning to test new options.

Despite Poparazzis early success, which led the app to top 5 million installs a year after its launch, its since lost ground to a new wave of social networking apps that are attracting a younger, Gen Z audience. Currently, this group is dominated by BeReal, which has been steadily holding onto its position as the No. 1 app on the U.S. iPhone App Store. In addition, younger audiences have also downloaded a range of other social apps in larger numbers than Poparazzi like video networking app Yubo, which counted some 60 million sign-ups as of May, and homescreen social app Locket with around 20 million installs as of its $12.5 million seed funding announcement announced this month.

These trends could be driving TTYL to look for new twists on its friends-focused social networking concept.

This would not be the first time the team at TTYL experimented with a new social networking concept. Before delivering a hit with Poparazzi, the company had developed nearly a dozen other apps, including OMG, CampusFM, TYPO, Lynx, Yearbook 2020 as well as TTYL, the audio social network and Clubhouse rival the companys name references.

As TTYL co-founder Alex Ma explained earlier this summer, most social networking apps fail and the best thing to do is to keep building and experimenting until one works. This multi-app business model has also been adopted by another consumer social app maker, 9count, which recently raised new funding as both Wink and its Gen Z dating app Summer took off.

We noticed TTYL has already begun to market the new app through TikTok influencers as there are posts that show Made With Friends in action, despite its preorder status. One such video was also reposted to the new Made with Friends TikTok profile which teases the app as coming soon.

Its not clear what this additional may mean for Poparazzis future, but its worth noting that TTYLs flagship app has still not made its way to Android.

The App Store shows an expected release date of October 1, 2022 for Made With Friends, which is now available for preorder.

Updated 8/30/22, 4:48 PM ET with responses from TTYL.

Read more:
Following its Series A, Poparazzis team is readying a new social app that goes beyond photos - TechCrunch

Twitter has called Zatko a disgruntled employee who was fired for poor performance. Twitter's lawyers said on Tuesday that Musk's latest effort to terminate the deal was invalid and wrongful under the agreement. Of Zatkos whistleblowing claims, the social networking site has said: What weve seen so far is a false narrative about Twitter and our privacy and data security practices that is riddled with inconsistencies and inaccuracies and lacks important context.

Whereas any other tech industry worker could be ignored, Zatkos background lends some weight to his claims about Twitter. As one of the cybersecurity worlds founding characters, the former Cult of the Dead Cow hacker rubbed shoulders with pioneering ethical hackers.

CDC's hacking specialism was creating software tools that exploited security flaws in Windows, with the aim of forcing Microsoft to fix problems in the world's most popular computer operating system. Mudge's personal contribution was a tool named l0phtcrack, which unscrambled Windows users passwords.

His exploits quickly caught official eyes. In 1998 Mudge was one of seven hackers who said they could shut down the entire internet in 30 minutes, with the group making their extraordinary claim while testifying to the US Congress.

One of Mudge's contemporaries, Chris Wysopal, recalled the impact of those 1990s disclosures in a 2018 interview, saying: "Mudge and I have had meetings with Senator Mark Warner. We know Senator Cory Gardner. These guys are on the Senate Intelligence Committee." Wysopal also said the FBI had vetted the hackers at the time of their exploits to verify them as "good guys".

Mudge later turned to the corporate world where his technical and leadership skills were in high demand. Ever higher-profile jobs in the white collar world of information technology, which by the 2010s had become one of the world's dominant industries, beckoned.

In 2015 Mudge was called upon by the Obama White House to set up a software testing organisation. Two years later he returned to the private sector as head of security for Stripe, the payments processor; his success there caught the eye of Jack Dorsey, who tapped up the veteran hacker in 2020 to run security at Twitter.

By November 2021 Mr Dorsey had resigned, however, saying: I believe the company is ready to move on from its founders. His replacement was Twitter's chief technical officer, Parag Agrawal. Within tech companies there is always a tension between the IT department and the security department, and so it proved at Twitter: Mudge was ousted in January, with Twitter giving the reason as "poor performance".

Analysts say Zatkos whistleblowing claims could have implications in Musks ongoing litigation as he attempts to walk away from the $44bn takeover, which has centred around whether Twitter is honest about how many bots there are on the social network.

Ives, the Wedbush analyst, adds: Importantly, Zatko claims that Twitter does not have an accurate count of the number of spam and fake bot accounts on its platform, which will be front and centre for the Musk team.

Musk and Twitter are due to go to court on October 17 with the spotlight firmly on its former security chiefs explosive claims.

Excerpt from:
How a hacking guru could save Elon Musk $44bn in the battle over Twitter - The Telegraph