US President Donald Trump has signed Executive Orders that would ban the companies behind the TikTok and WeChat apps from working with American businesses.
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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.
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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.
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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.
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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.
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