US President Donald Trump has signed Executive Orders that would ban the companies behind the TikTok and WeChat apps from working with American businesses.
Over 2 billion mobile phone and tablet users will make some form of mobile commerce transaction by the end of 2017, according to a new report from Juniper Research.
That’s up from an anticipated 1.6 billion people this year.
Facebook has announced its latest quarterly earnings figures and has also revealed details of the social network’s mobile-based users.
The number of monthly active users (MAUs) was up 15% year-on-year to 1.28 billion, with mobile MAUs up 34% to 1.01 billion.
Facebook has agreed to acquire virtual reality company Oculus VR in a deal worth approximately $2 billion (£1.2 billion).
Oculus VR has become well-known for its ‘immersive’ virtual reality technology, having received more than 75,000 development kit orders for its Oculus Rift 3D virtual reality headset.
Facebook has agreed to acquire cross-platform instant messaging app WhatsApp for around $16 billion (£9.6 billion).
The deal to buy the five-year-old company includes $4 billion in cash and around $12 billion in Facebook shares.