Friday's Headlines: Twitter postpones plans to remove inactive accounts
1. Twitter has had to halt plans to remove thousands of inactive accounts from the platform until it can figure out a way to memorialize the accounts of deceased users. Earlier this week, the company sent out an email to the owners of inactive accounts warning them that if they did not sign-in by December 11, their account would be deleted and username lost. This formed part of efforts to "present more accurate, credible information people can trust across Twitter", but widespread backlash has forced the company to renege on its plans for now until it introduces a way to preserve the accounts of those that have died. More on that here.
2. Facebook has acquired a brand new company this week, a VR gaming-studio called Beat Games. This new acquisition will form part of Facebook's nascent VR plans and will come under the umbrella of its Oculus studios division, although the company will still reportedly operate independently. Facebook purchased Oculus back in 2014 for $2 billion but has yet to see real cut-through with VR devices. With this new acquisition, however, Facebook will now own one of the most popular VR games out there, 'Beat Saber', which sold over 1 million units within a year. More on this here.
3. It's been a bad start to the holiday season for Costco after its website went down yesterday as shoppers tried to get an early jump on the Black Friday deals. The site was experiencing “intermittent slow load and transaction times” over the course of Wednesday, but has since been restored and "all Thanksgiving Day-only promotions have been extended into Friday, November 29th". The traditional Black Friday spending spree has gotten earlier and earlier every year, with Adobe estimating that over $4 billion in sales were made yesterday. More here.