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Weekly Tech Updates (October 22, 2021)

October 22, 2021

Weekly Tech Updates is an easy and convenient way to keep up with all the happenings in the tech world. Stay tuned every Friday for all the latest updates.

News:

1. Facebook plans to rebrand with a new name

You heard right! According to reports by The Verge, Facebook has plans to rename and rebrand itself. CEO Mark Zuckerberg is expected to talk about the name change at the company’s annual Connect conference on October 28th, but could unveil sooner.

Why the name change? This is in line with the tech giant’s ambition to be known for more than social media. Mark Zuckerberg also has huge ambitions of developing a metaverse as it continues to venture further into the AR and VR industry. With such great ambitions, a name change seems appropriate.

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2. Donald Trump to release new social media platform

Former president of the United States of America, Donald Trump is set to launch his very own social media platform – TRUTH Social. This move comes following Trumps ban from Twitter, Facebook and YouTube earlier this year.

“I created TRUTH Social and TMTG to stand up to the tyranny of Big Tech. We live in a world where the Taliban has a huge presence on Twitter, yet your favorite American President has been silenced,” Trump said in the statement.

Donald Trump

TRUTH Social is expected to rollout early next year in the U.S. Based on screenshots, the app looks like clone of the popular Twitter app. Critics believe that TRUTH Social will be nothing but a flop.

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TRUTH Social iOS

3. MySejahtera to launch a new feature next month

According to Khairy, a new feature will be launched next month to allow individuals seeking to fulfill pilgrim to Mecca to apply for vaccine boosters as required by foreign travel regulations.

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4. Bitcoin achieves a new all-time-high

Despite a highly volatile and unstable crypto market during over the past few months, Bitcoin seems to be regaining momentum once again. Over the past week, Bitcoin achieved a new all-time-high (ATH) of US$66,930.39 per unit (MYR277,894.98).

The last time bitcoin touched an ATH six months ago on April 14, 2021, the price tapped $64,804 per unit (MYR269,066.21).

At time of writing, Bitcoin currently sits at around US$63,000.

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