YouTube is launching a version of Shorts that’s only for members, allowing creators to share short-form videos exclusively with their paying viewers.
The new feature gives paying subscribers access to additional content, on top of their current membership perks, which include things like custom emojis, badges, livestreams and more.
YouTube says creators can use the new option to share a special announcement, product drop or limited-time deal.
The expansion means regular creators will be able to post exclusive videos that only paying subscribers can view.
The exclusive content will be displayed with a star icon, indicating that it’s only available to paying subscribers.
Byju’s secured favorable outcomes in two court hearings Thursday, paving the way for the embattled edtech startup to move ahead with the extraordinary general meeting scheduled for Friday.
The National Company Law Tribunal refused to stay on Thursday Byju’s planned EGM to increase the authorized share capital for the $200 million rights issue.
The matter will be heard again on April 4, but as the lawyer representing the estranged four investors of Byju’s warned, once the authorized share capital has been increased, it cannot be reversed.
Separately, the Karnataka High Court said Thursday it will only hear the case where the investor group seeks to remove Byju’s founder and chief executive Byju Raveendran from the firm after two months.
The rights issue is crucial for Byju’s, once India’s most valuable startup, as it seeks to tap the $200 million it has already received from a set of investors, including Raveendran.
Marissa Mayer’s startup just rolled out photo sharing and event planning apps, and the internet isn’t sure what to thinkWhen Marissa Mayer co-founded a startup six years ago in Palo Alto, Ca., expectations were sky high for the former Yahoo CEO and early Google employee.
When that startup, Sunshine, revealed that its first app centered around subscription software for contact management, people wondered if something more ambitious might be around the corner.
Today, after Sunshine released two equally mundane features – event organizing and photo sharing – internet commenters were decidedly mystified.
I was also baffled last week, when Mayer walked me through Sunshine’s new offerings.
The core thesis has always been to take the mundane and make it magical.”The team “thought about naming it Mundane AI,” she continued.
Meta announced on Thursday that its beta experience of sharing Threads accounts to the fediverse is now open to users ages 18 and up with public profiles.
To opt into the fediverse beta experience on Threads, go to account settings and toggle on fediverse sharing.
This gives you the chance to connect with other people who may not be on Threads but use alternative social networking apps.
For instance, beta users on Threads can’t see people in the fediverse who replied or liked their posts.
Users also can’t share posts with polls.
Reddit sold $203 million worth of contracts to AI companies for access to its data earlier this year.
In the wake of a compression in tech valuations since the implosion of the 2021-era asset bubble, few tech companies have tested public markets.
Early trading results do not always augur a trouble-free public market life, however.
Secondaries investors recently told TechCrunch that they weren’t sure that a successful Reddit IPO would be enough to bring life back into the IPO market in 2024.
But with Astera Lab’s impressive performance yesterday and Reddit’s strong showing today, maybe there will be more life in the IPO market this year than many thought.
Reddit prices IPO at $34 per share, the top of the rangeReddit priced its stock on Wednesday at $34 a share, the top of the anticipated range, a signal that investors are excited about the company’s IPO on Thursday.
The social media giant raised nearly $500 million in the offering.
Despite being profitable on EBITDA basis, Instacart and Klaviyo, two main IPOs of 2023, had lukewarm receptions on Wall Street last year.
But Reddit is still generating net losses of more than $90 million, which may bode poorly for the company’s stock amid push for profitability for newly traded companies.
The firm sold $203 million worth of contracts to AI companies for access to its data in January, according to a recent filing.
Even as quick commerce is slowly fading in many markets and several heavily-funded startups have folded in the past two years, India is emerging as a striking outlier where the model remains vibrant.
Zomato’s Blinkit leads the quick commerce market in India, having cornered as much as 46% of the market share by GMV in the quarter that ended in December, according to a new analysis.
Reliance Retail-backed Dunzo, which pioneered the quick commerce model in India, has virtually lost its entire market share.
However, the long-term sustainability of the quick commerce model remains to be seen.
Flipkart is weighing entering the quick commerce market by as early as May this year, TechCrunch reported last week.
At the low end of this range, $31 billion, though Reddit would be worth $4.93 billion based on an expected 158.98 million shares outstanding.
With $804.0 million in 2023 revenue, Reddit is on track to trade for a multiple of 6.9x to 8.0x its revenue, depending on the valuation estimate you want to use.
Reddit’s game plan for AI is one good reason why it’s pricing its shares closer to Meta than Snap.
Reddit data constantly grows and regenerates as users come and interact with their communities and each other.
Investors might consider Reddit a side-bet on AI itself, even if the company’s core business isn’t creating AI models.
Threads, the Twitter-like app from Instagram, is rolling out the ability for users to save a draft and take photos within the app.
The new features shape Threads into more of a competitor to X (formerly Twitter), which has had drafts and a camera shortcut for as long as we can remember.
However, Threads only lets you save one draft at a time, whereas X lets you save multiple.
Threads users can now start writing out a post that they may want to share later, and then swipe down to save it as a draft.
The launch of the camera shortcut comes as app researcher Nima Owji indicated that X might be looking to adopt Threads’ carousel format for displaying images.
Swayy is an iPhone app startup that allows you to share not your current location, but your next intended location.
I also liked the way the Swayy app allows me to create custom groups.
As Westropp pointed out, as a female founder, she’s acutely aware that being able to control precisely who can see her future location is something she hard-wired into the app.
Of course, Swayy is likely to struggle against the tech giants already toying with location as feature.
It will also be an opportunity for Instagram to appeal to people who were fans of Zenly, a social map app that Snap acquired and then shut down in 2022.
