TikTok has been fined a huge sum of money by the Dutch DPA, a sum total of €750,000, for not appropriately communicating its app's data privacy and usage policy, in accordance with the EU's GDPR.
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Facebook is allowing content creators to monetise one-minute videos with minimally disruptive advertisements. It's also trialling sticker ads in Stories to help creators earn more money.
Reddit has acquired TikTok rival and short video-sharing platform, Dubsmash. Dubsmash will retain its brand and platform with the entire team including the three co-founders now working under Reddit.