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Mobile Minutes: Social media time shrinks; Snapchat redesigns; Verizon eyes Yahoo; T-Mobile?s loyalty program

People are spending less time on social media apps, in some cases substantially less, a new study from marketing intelligence firm SimilarWeb found.

Snapchat Inc. is redesigning its application to make its media partners? channels more appealing to click on, in a move that may draw more advertising revenue.

Verizon Communications, long considered the favorite in the Yahoo asset sales sweepstakes, plans to submit a $3 billion bid, according to a published report.

T-Mobile is giving away a free ticket to Universal Pictures? Warcraft for its U.S. premiere this weekend to all of its customers, as part of a series of customer perks unleashed Monday by the carrier to win customers from rivals AT&T and Verizon Wireless.