MasterCard stops allowing charges for Backpage.com sex ads

By Mary Wisniewski CHICAGO (Reuters) – MasterCard said on Tuesday that its credit cards can no longer be used to pay for ads on the Backpage.com website, following a request from a Chicago law enforcement official who said the site is used by sex traffickers. Cook County Sheriff Thomas Dart said that so-called “escort” ads on Backpage.com and similar sites make up the foundation of the sex trafficking industry, which preys on the young and vulnerable. “Backpage has significantly lowered the barrier to entry for would-be traffickers,” said Dart, adding he will reveal details of a larger initiative against Backpage at a news conference on Wednesday

Read more

Wimbledon top grand slam for social media: survey

By Michael Roddy LONDON, (Reuters) – Wimbledon is the top grand slam championship for attracting social media-savvy tennis fans, with more followers on Facebook, Twitter and Instagram than any of the other three, a survey released on Wednesday said. The tournament’s 4.1 million followers on the social media websites put Wimbledon on top, with the French Open second on 3.7 million and the U.S.

Read more

Snapchat management holds talks with Saudi’s Prince Alwaleed

Senior management of Snapchat held talks with Saudi Arabia's Prince Alwaleed bin Talal on potential cooperation, the prince's investment company said in a statement on Sunday. The meeting, which included the mobile messaging company's Chief Executive Evan Spiegel and Chief Strategy Officer Imran Khan, comes as Snapchat embarks on a new funding round that values the business at up to $19 billion

Read more

Amazon opens store on Alibaba’s online marketplace Tmall

(Reuters) – Amazon.com Inc has opened an online store on Alibaba Group Holding Ltd's fast-growing online marketplace, Tmall.com as it seeks to expand in China, an Alibaba spokesman said. Alibaba's Tmall offers virtual storefronts and payment portals to merchants

Read more