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DUBAI, UAE, Feb. 3, 2022 /PRNewswire/ -- Yalla Group Limited ("Yalla" or the "Company") (NYSE: YALA), the leading voice-centric social networking and entertainment platform in the Middle East and North Africa (MENA), today announced that Mr. Saifi Ismail, Yalla Group's President, was named MENA's Leading Personality of the Year in the Digital Entertainment category by Emirati Estesmarat Magazine's 2021 Middle East's Most Creative Business Leaders Awards. Mr. Ismail was honored along with an illustrious group of 22 Middle East business leaders for his outstanding contributions to the digitalization of entertainment and social networking in the region.

"I would like to extend my sincere gratitude to the awarding body and adjudication panel for this prestigious award," said Mr. Ismail. "It is a powerful testament to Yalla Group's ingenuity, resourcefulness and successes over the past year, which would not have been possible without the support of the UAE government. The MENA entertainment and social networking market is undergoing a vast digital transformation, and Yalla is proud to be a driver of innovation and source of creativity as we advance the development of the digital world in the region."

Now in its fifth year, Emirati Estesmarat Magazine's Middle East's Most Creative Business Leaders Awards ceremony is organized in cooperation with the Future Forum for Arab Investments (FFAI). This year's ceremony, entitled "CrisesBridges of the Future," focused on Arab business and government leaders' inventive strategies to address the COVID-19 pandemic. The magazine solicited nominations from industry and government leaders throughout the Middle East and selected award winners based on 15 criteria, including the management's creativity in handling international economic crises, market variables, risk factors and capital turnover, as well as innovation in supporting government policies, economic development plans, sustainable development practices and environment preservation.

About Yalla Group Limited

Yalla Group Limited is the leading voice-centric social networking and entertainment platform in the Middle East and Northern Africa (MENA). The Company's flagship mobile application, Yalla, is specifically tailored for the people and local cultures of the region and primarily features Yalla rooms, a mirrored online version of the majlis or cafs where people spend their leisure time in casual chats. Voice chats are more suitable to the cultural norms in MENA compared to video chats. The Company strives to maintain users' equal status on its platform, thereby encouraging all of them to freely communicate and interact with each other. The Company also operates Yalla Ludo, a mobile application featuring online versions of board games that are highly popular in MENA, such as Ludo and Domino. In-game real-time chats and Ludo chat room functions are popular social networking features among users. Through close attention to detail and localized appeal that deeply resonates with users, Yalla's mobile applications deliver a seamless user experience that fosters a loyal sense of belonging, creating a highly devoted and engaged user community.

For more information, please visit: http://ir.yallatech.ae/

For investor and media inquiries, please contact:

Yalla Group LimitedInvestor RelationsKerry Gao IR Director Tel: +86-571-8980-7962Email: [emailprotected]

The Piacente Group, Inc. Yang Song Tel: +86-10-6508-0677Email: [emailprotected]

In the United States:The Piacente Group, Inc. Brandi PiacenteTel: +1-212-481-2050 Email: [emailprotected]

SOURCE Yalla Group Limited

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Yalla President Named MENA's Leading Personality of the Year USA - PRNewswire

Social media is one offspring of technology, which has changed the landscape of the media industry. It is the fastest news platform and has been an aid to numerous situations where the traditional media has tried to manipulate people but they have eventually discovered the real story behind the scenes. Hence, it is safe to say that social media will be the reason for the demise of traditional media.

Be it Facebook, Instagram, YouTube, or any other platform. All of them play their due role in the spread of information. Thus, we keep on witnessing new features being introduced to each of these platforms. The audience is definitely diverse, but they do not mind switching to a new or a better platform. TikTok is the biggest example of this case. So, all of these platforms are countered by introducing new updates.

Instagram is one such platform, which has catapulted itself quite high in status. It would not be wrong to assume that it is the most loved platform after Facebook. Hence, it has to constantly keep the user interest intact and, for that, they keep on trying new things.

Instagram, founded in 2012 by Kevin Systrom and Mike Krieger, is an online social media networking website that allows its users to upload media with geographic locations and can be organized by hashtags.

Going live on Instagram has proven to be one of the best methods for a business or an entrepreneur to connect with their clients. Since Instagram live is transparent, unedited and allows your audience to comment and question during the live stream, which helps businesses to be interactive with their clients. This can help in building a strong bond with potential clients through insights and feedback. Also, hosting more live videos helps businesses become more discoverable on the website, which is a great form of social media advertisement.

Since live streaming is such a big hit on websites, Instagram is working on the ability to share live videos in your stories, or even share them on external social media platforms, as spotted by Alessandro Paluzzi. This feature can be a game changer since it would allow businesses to attract audiences from various other platforms.

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Instagram's new features will help you promote live videos and rearrange your privacy on web - Digital Information World

SINGAPORE, Feb. 3, 2022 /PRNewswire/ --Today, AssetOwner is relaunching its investor knowledge-sharing platform as Quidroom. The new name forms part of its growth strategy to expand its user base and tap into the greater investor community.

Social networking has fundamentally changed the way people invest,says Quidroom CEO Pravin Raveendran. Accelerated by the pandemic, investor networking has evolved from a traditional, face-to-face environment to one that is more spontaneous and virtual. But Pravin does not believe that existing social media channels are fit for purpose. And it is this gap that Quidroom aims to bridge for the sophisticated investor community.

Since its beta launch as AssetOwner in August 2020, the social collaboration platform has grown a userbase of investment professionals that cumulatively manage over US$8 trillion in AUM for pension funds, sovereign wealth funds, family offices and other asset owners. To date, the platform has succeeded in enabling these investors toshare meaningful investment information online in a spontaneous but targeted way. In the next stage of the company's growth, and under its new name reflecting the broader investor user base, Quidroom will focus on removing existing channel fragmentation for connectivity in the investment industry and for high-net-worth individuals globally.

"Against an economic backdrop of volatility and rising uncertainty,global diversification has never been as important," says Pravin. "It is becoming essential for institutional and accredited investors to assess valuations and current and future risk/return trade-offs offered by different asset classes and securities across the world."

A sure-fire way to achieve this, according to Pravin, is by building up a global network of peers who share comparable investment challenges, but by contrast have experience in different economic and financial market climates, enabling them to provide fresh insights when sharing their perspectives on asset classes and individual securities.

"While social media has become a popular way for investors to research new investing ideas and network with peers, most social platforms make it hard to cut through the noise of the daily grind," he says. "Not to mention their limitations on developing real connections and open dialogue due to privacy or compliance concerns."

Working towards a future that balances out the negatives of current social networks, Quidroom is a dedicated, investor social network thatenables investor peers to connect and network with each other like never before in a secure, neutral and unbiased environment, removing the need to sift through sales pitches or irrelevant social feeds.

"By isolating the investor in you from the professional avatar you show in LinkedIn, the alumni avatar you display in your university network or the family-and-friends avatar you reveal on your personal channels, we enable our users to focus on becoming better investors. A foreword warning, in case you have not joined Quidroom yet, you may want to spend a minute unlearning or disassociating yourself with your biases on how 'networking' and 'privacy' has worked for you in traditional social networks, as this will not be like anything you have ever experienced before."

As part of the relaunch, and in keeping with its commitment to facilitate meaningful, informal investor collaboration online, Quidroom is hosting an inaugural 'unconference' on 22-24 February 2022, open to all registered Quidroom users.

This is a new concept for investors used to attending formally structured conferences over a day or two. Pravin says the unconference movement is gaining traction in other industries thanks to accelerated global digitalization, increasing popularity of hybrid/remote working and appetite for more innovative, flexible and worthwhile interactions with experts in their respective fields.

The Unconferenced Investor 2022is an unstructured and participant-driven online event with no set agenda, where all participants have a voice. It encourages participants to vote for discussion topics upon registration and nominate fellow investment experts to create 'virtual rooms' in Quidroom that allow for open conversation before the LIVE session and even after.

"The best part about the unconference is that even when it ends, participants remain connected to relevant experts and investors and are able to exchange knowledge perpetually," says Pravin.

Investors interested in joining The Unconferenced Investor 2022 may register for free by clicking here. Those who register will receive instant access to Quidroom, normally invite-only.

About Quidroom

Quidroom, formerly known as AssetOwner, is where sophisticated investors connect and exchange knowledge with one another based on common interests.

Wander the proverbial halls of Quidroom and discover rooms with hundreds of investors matching your interests. You're free to quietly enter and exit rooms at your leisure. Choose to join the conversation with other investors or simply be a fly on the wall and listen in. It's entirely up to you.

When you're ready to stake a claim, start an investor community! Start a room to share your insights, try your hand at incepting ideas, or just simply share today's market headlines.

Quidroom is trusted by investors collectively managing US$ 8.2 trillion and has US$1 million in pre-seed funding.

SOURCE Quidroom

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Investor Platform AssetOwner becomes Quidroom as it opens access to the entire investment community - PRNewswire

Social media is a term that is used for the websites that are used for communication, content-sharing and interaction via the internet. Yahoos Geocities was the earliest of its kind, it was developed in 1995. Geocities was first known as BHI, abbreviated for Beverly Hills Internet. Which was just a web directory (also called link directory) which was organized into six-neighborhoods; Hollywood, Sunset Strip, Wall Street, Colosseum, West Hollywood and Rodeo Drive. The company decided to give its user the abilities to create free homepages in these six neighborhoods. Theoretically, Geocities created a virtual world of its own, which later evolved into the social media world we have today.

But in 2004, the world of social media stepped into a new era when a group of Harvard students invented Facebook, which was supposed to be a web directory for Harvard students only. But the membership expanded to other universities in the USA to 2006, when anyone who is above the age of 13 can register themselves up on Facebook. Facebook completely revamped the social media space. It went from being a university dating site to what we have today a multi-purpose social networking platform that allows user to communicate and even play games.

Today, Meta formerly known as Facebook developed by Mark Zuckerberg dominates the world in terms of users, with being the top social media website/application in 154 countries. According to Facebook, it is home to almost 1.8 billion monthly users and growing. According to a blog on Weforum if Facebook, was a country it would be even bigger than China. However, Facebooks presence in Asia is weaker as compared to the other continents even though Asia has 1.2 billion active users/month which is almost half of the amount of its active users. It is than followed by Europe with almost 0.413 billion active user and North America in the third with almost 0.2 billion active users per month.

According to Vincos, the world map in terms of social media dominance is quite diverse, first being the former territories of USSR which is dominated by VKontakte of Pavel Durov who is also the founder of instant messaging app called Telegram and Megafon. The Russian network, VK has almost 14 million active mobile users according the latest observation. VK is followed up by Odnoklassniki which is also owned by the Mail.ru group with almost 200 million registered users.

The second block of the social media belongs to China. The region is dominated by WeChat, which is a multi-purpose social media and instant messaging app developed by Tencent. WeChat brings almost 1.2 billion active users per month into the contest. This government owned app not only allows chatting but also gaming on its platform. Since Facebook, Twitter and Instagram are all blocked in China. QZone, which is the Chinese version of Facebook is the second most used social media website. Other than that, Asia holds a lot more surprises such as LinkedIn is the second most used social network in India, Twitter is the most used social media network in Japan. Vietnam and Latvia have their own local network called Draugiem and Zing.

As for Africa, Meta platform Incs Instagram takes the lead with almost 600 million monthly users, it is the second most used social media service in almost 37 countries that includes Indonesia, Botswana, Namibia, Mozambique and even Iran, where its hard to use Facebook due to the censorship by the Persian government.

Moreover, Australia and Canadas second most used social media network is neither Instagram nor Twitter like rest of the world but its Reddit.

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Here's How The Social Media Dominance Looks Like Around The World Map - Digital Information World

For years, Meta has tried to become less dependent on Apple, which holds the key to iPhone users, and to shift away from social networking controversies involving misinformation and hate speech. So in October, Mr. Zuckerberg announced that he planned for his company to take a new path toward the metaverse. He renamed Facebook as Meta. Since then, the company has embarked on a sweeping internal transformation, restructuring itself and pushing employees to join teams working on augmented reality and virtual reality.

Metas spending is unlikely to subside anytime soon, especially as it is in a full-throttled race against other technology giants to claim ground in the theoretical metaverse. Last month, when Microsoft said it was buying the video game maker Activision Blizzard for nearly $70 billion, the software maker cited the deal as a building block for the metaverse, even though Activision does not produce virtual reality games. Google has been working on metaverse-related technology for years, and Apple has its own devices in the works.

At the same time, Metas wildly profitable businesses are in a period of change. Sheryl Sandberg, Metas chief operating officer, said on the call with investors Wednesday that Instagram was heavily promoting a video product called Reels, which competes with TikTok. While Reels is the biggest contributor to Instagrams growth, it does not make as much money from ads as other Instagram products like Stories and the main photo feed.

In the call, Mr. Zuckerberg also pointed to the difficulties of competing with TikTok, which has grown increasingly popular with younger audiences. David Wehner, Metas chief financial officer, added that Apples iOS changes buoyed the ad business of Google, which is not dependent on Apple for advertising data.

The origins. The word metaverse describes a fully realized digital worldthat exists beyond the one in which we live. It was coined by Neal Stephenson in his 1992 novel Snow Crash, andthe concept was further explored byErnest Clinein hisnovel Ready Player One.

The future. Many people in tech believe the metaverse will herald an era in whichour virtual lives will play as important a role as our physical realities. Some experts warn that it could still turn out to be a fad or even dangerous.

Alphabet, Googles parent company, on Tuesday reported a 36 percent increase in profit and a 32 percent jump in revenue in the last three months of 2021 from a year earlier.

Still, the number of users for Metas social networking apps continued to rise. The monthly active users of Facebook, Instagram, WhatsApp and other apps increased 9 percent, to 3.59 billion, in the quarter from a year earlier, the company said. The company added that more than one billion users interact with business accounts using services such as WhatsApp and Messenger every week.

Yet the main Facebook app appeared to hit a ceiling in at least some markets; the app lost one million users globally for the first time in the quarter, down from the prior quarter.

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Meta Spent $10 billion on the Metaverse in 2021, Dragging Down Profit - The New York Times