NGL Acquired by Ad-Heavy Mode Mobile

Markets & Money Today | 2 Min News | The Daily News Now! - A podcast by The Daily News Now! - Saturdays

Podcast artwork

Categories:

NGL, the anonymous messaging app, faces a ban from the FTC for harmful impact on minors. After a two-year investigation, the FTC concluded that NGLs executives dismissed user complaints, leading to a five million dollar fine. Following the ban, NGLs founders move on, and the remaining employees join Mode Mobile, a company known for its ad-heavy reward smartphones. This acquisition marks a new chapter for NGL, now under the umbrella of a company deeply entrenched in the world of mobile advertising and user engagement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.