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Tuesday, September 22, 2026
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    CBN fines nine banks 150 million Naira each for failing to dispense cash

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    Trump TV Goes Live as CNN and Co. Halt White House Coverage

    Trump TV Goes Live as CNN and Co. Halt White House Coverage

    FG constitutes independent committee to investigate deaths of 37 in NSCDC custody in Minna

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    Petrol Prices Approach N1,500 per Litre Amid Crude Oil Surge

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa secures High Court Approval to boost future shareholder returns

    • Nigeria
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    • Economic Data
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    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

    Don’t pursue tax collection target without building taxpayer trust – Tax Ombud

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    Dangote ends naira sales, Begins petrol Sales in Dollar

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    NGX Updates HBM Nigeria’s Trading Symbol to HBMNG

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    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    WAEC, NECO Fees Jump 82% to N50,000 From 2027

    Oil prices surge as US-Iran tensions reignite

    Oil prices surge as US-Iran tensions reignite

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    • Economic Data
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    • Companies
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    CBN fines nine banks 150 million Naira each for failing to dispense cash

    Central Bank of Nigeria Cuts MPR to 23 Percent From 26.5 Percent

    Airtel Africa Releases Audited Financial Statements for Q1 2026

    Airtel Africa Buys Back Nearly 800,000 Shares as Programme Total Tops 19.9 Million

    Diesel prices in The United States hit record high

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    NNPC to test smart self-service model before nationwide expansion, says Ojulari

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    NGX Daily Equities Market Report: MTNN lead market to a positive start for the week

    Investors trade shares worth ₦237.986 billion in the week of Dangote Refinery IPO

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    Dangote Refinery IPO gets SEC approval, sets price at N525 per share

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    BUA Cement boss Abdul Samad Rabiu Pockets N189.74bn from FY 2025 dividend payout

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    Nestlé Nigeria Publishes List of Unclaimed Dividends

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    How does family of 6 survive with income of N250,000 a month

    How does family of 6 survive with income of N250,000 a month

    Trump wins a resounding victory in first Republican primary in Iowa

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    New hope for Naira fixed income savers?

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    Nigerian Exchange gains 5.37% in Tinubu’s first week, highest for any President since return to Democracy

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    The Nigerian Stock Market: Has Tinubu’s Election impacted the Market Negatively?

    Just in: Bandits attack President Buhari’s convoy in Katsina, two injured

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WhatsApp panics as it loses millions of users over terms update

Tuesday, 26 January 2021, 8:56 pm
in Business, Companies
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WhatsApp panics as it loses millions of users over terms update
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WhatsApp has been forced to delay the implementation of the new privacy policy which it announced earlier this month, as users exited the messaging app for alternatives like Signal and Telegram.

WhatsApp had given users until February 8, 2021, to accept the new officially updated terms of service and privacy policy to continue using the messaging platform or to delete their account.

However, the mass exodus from WhatsApp amid backlash from users pushed the messaging app into shifting the deadline to May 15, 2021, and to running a damage control campaign to explain to users the changes they were making.

Data tracked by the analytics firm App Annie shows WhatsApp falling from the eighth most downloaded app in the UK at the beginning of the month to the 23rd by 12 January.

By contrast, Signal which wasn’t even in the top 1,000 apps in the UK on 6 January, yet by 9 January it was the most downloaded app in the country.

  • Read: ‘Signal’ an alternative to WhatsApp –  Features and all you need to know
  • Visit Investogist’s homepage for more articles

The new privacy policy goes into detail on how WhatsApp shares information with Facebook, which was not there in the earlier version, at least in this new expanded form.

Facebook has said that it will not access those messages for any type of ad targeting, but language in the updated terms of service concerned many users who worried that Facebook would suddenly see their private messages.

“We want to be clear that the policy update does not affect the privacy of your messages with friends or family in any way,” WhatsApp said in an update posted to its site, which it is paying to advertise on Google under searches for “WhatsApp privacy policy”

“We’ve heard from so many people how much confusion there is around our recent update,” the company wrote in a blog post. “There’s been a lot of misinformation causing concern and we want to help everyone understand our principles and the facts.”

“While not everyone shops with a business on WhatsApp today, we think that more people will choose to do so in the future and it’s important people are aware of these services,” the company wrote. “This update does not expand our ability to share data with Facebook.”

Niamh Sweeney, WhatsApp’s director of public policy for Europe, the Middle East and Africa, said that the exodus was believed to be related to the update to the company’s terms of service. She said that update was intended to do two things: enable a new set of features around business messaging, and “make clarifications and provide greater transparency” around the company’s pre-existing policies.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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