VENTURE CAPITAL POST

A leaked document revealed Facebook’s plan to start monetizing on of its fastest-growing and most popular product, the Messenger. The document stated that in the second quarter this year, a new feature would be launched, allowing businesses to send advertisement chats via Messenger.

Facebook's new Messenger app has made it easier for businesses to have an organic connection with their customers, which could yet be another way for the giant social media platform to earn money.

Instagram added fresh new features Tuesday to stay ahead with the fast-growing messaging service Snapchat. Facebook Inc.'s photo and video app now let users exchange message privately or through group conversations. Meanwhile, its photo and video-sharing service are upgraded to attract more young audiences.

Facebook gives Apple, Google, and other companies providing users with virtual assistants a run for their money. The company has launched M, a digital helper that makes use of artificial intelligence and human knowledge.

Facebook Inc (FB.O) on Wednesday opened up its Messenger service for developers to create apps and for shoppers to communicate directly with retailers, as the Internet company seeks to expand its reach.

The billionaire founder of web portal operator Naver Corp beat back Google Inc to leave South Korea one of few countries where the U.S. search engine does not dominate.

US social media giant Facebook entered the fitness arena with its acquisition of Helsinki, Finland-based mobile fitness tracking app maker ProtoGeo Oy for an undisclosed amount to beef up its mobile app portfolio.

California, US-based social network giant Facebook announced that it will pull Messenger from its mobile app to boost the usage of the standalone Messenger, starting with European users before rolling out the change worldwide.

Yahoo has closed the acquisition of San Francisco, California-based enterprise app studio Tomfoolery, and will be shutting down the latter's Anchor app, according to a source familiar with the deal.