Mobile apps

This Week in Apps: Google battles KakaoTalk, Twitter deal in jeopardy, FTC asked to investigate TikTok – TechCrunch

Summary

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.

The app industry continues to grow, with a record number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the latest year-end reports.

Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first comp…….

Welcome again to This Week in Apps, the weekly TechCrunch collection that recaps The latest in mobile OS information, mobile purposes and The general app financial system.

The app industry continues to develop, with a doc Quantity of dpersonalloadvertisements and shopper spfinishing throughout each the iOS and Google Play shops mixd in 2021, Based mostly on The latest yr-finish reviews.

Apps aren’t Solely A method to move idle hours — they’re furtherly An monumental enterprise. In 2019, mobile-first corporations had a mixd $544 billion valuation, 6.5x greater than these And by no means using a mobile focus. In 2020, buyers poupurple $73 billion in capital into mobile corporations — a decide that was up 27% yr-over-yr.

This Week in Apps supplys A method To Sustain with this quick-shifting industry In a single place with The latest from the world of apps, collectively with information, replaces, startup fundings, mergers and acquisitions, And a lot extra.

Would You want This Week in Apps in your inbox every Saturday? Enroll right here: techcrunch.com/informationletters

Elon says he’s killing the Twitter deal

The chook app buyout Might be off, if Elon Musk has his method.

On Friday, Musk’s authorized group informationrmed Twitter the Tesla and SpaceX exec Can be terminating the merger settlement as a Outcome of, Since their letter alleges, Twitter made false and mismain clgoals Regarding the well being of its enterprise. This, Really, Refers again to the drama Musk had been stirring up over The share of bots on the service, which Twitter says is estimated to be Decrease than 5%. Upon Musk’s earlier pressing for extra information on this decide, Twitter curleased Musk’s group with API entry to make Their very personal determinations. The letter, by no meanstheless, states that this API entry was capped and restricted, stopping the group from With The power to accupricely analyze Twitter’s knowledge with regard to bots. (Which makes Musk’s clgoals thOn the bot rely is greater than Twitter said it was a bit exhausting to show!) Musk’s regulationyers furtherly allege Twitter embraced acknowledged pretfinish and bot acrelys in its mDAUs and didn’t have A conventional course of for calculating its mDAUs or The share of bots. Even when the arguments have been legitimate — and that’s not In a place to be decided Predespatchedly — they don’t permit Musk To merely stroll amethod.

Musk has already authorizedly agreed to this deal, Which suggests the battle will now transfer to courtroom wright here Twitter says it plans to implement the settlement On The worth and phrases agreed upon. And even if each events Adjust to terminate, Musk Ought to pay out a billion dollars as a termination payment.

The exact set off Musk is making an try to terminate Isn’t probably “bots.” It’s as a Outcome of he is Aware of he overpaid. What Appeared like An reliable deal earlier (@ $54.20 per share) shortly turned …….

Source: https://techcrunch.com/2022/07/09/this-week-in-apps-google-battles-kakaotalk-twitter-deal-in-jeopardy-ftc-asked-to-investigate-tiktok/