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How to build a social media app: An entrepreneur’s guide

Openxcell

Forbes reports that the number of people using social media worldwide has reached 4.9 Over the last few years, social media has evolved from being primarily a communication channel and entertainment platform to marketing and growing businesses, contributing to significant social and political discussions. billion in 2023.

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Furby or foe? How a ‘90s toy panic relates to today

The Hustle

But this whole debacle has resurfaced thanks to furry and “corporate shitposter” @dakotathekat , who filed a FOIA request for the full memo, which ultimately arrived — all 60+ pages of it — in a manila envelope, per 404 Media. But they did have a point The media had a field day with the NSA memo when it came out.

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Cryptocurrency company Circle to go public in SPAC deal

TechCrunch

The media certainly classified us that way because we were involved with the technology. And one that makes money work the way the Internet works,” Circle co-founder and CEO Jeremy Allaire told TechCrunch’s Natasha Lomas in 2016. In 2017 and 2018, the company pivoted once again to focus on cryptocurrencies. at the time.

Company 361
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Tiger Global is earning its stripes in Africa

TechCrunch

Tiger Global’s earliest portfolio investments on the continent were in consumer internet companies. Back then, a lot of people were not on the internet, so it was really about consumer services to get people on the internet,” said Opeyemi Awoyemi , whose company, Jobberman, received $1 million from Tiger Global.

Fintech 217
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SoftBank leads $150M round for Firework’s shoppable video

TechCrunch

Firework has now taken in more than $235 million in funding since it was founded in 2017 by co-founders Vincent Yang and Jerry Luk. “We We have big ambitions at Firework — to become the infrastructure on which the next-generation of the internet is built and run — and Softbank Investment Advisers supports that vision.”.

Video 246
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KakaoEntertainment subsidiary acquires fantasy fiction platform Wuxiaworld

TechCrunch

based storytelling platform acquisitions , Radish and Tapas Media. Tapas Media aims to turn digital comics into the next big entertainment franchise. It also entered Indonesia in 2017 and Indian in 2020. South Korea’s two largest internet giants Kakao and Naver compete in the storytelling platform market.

Mobile 244
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Rising Tide Rents and Robber Baron Rents

O'Reilly Media - Ideas

Even social media started with the promise of information triage: for each person, a unique feed of updates from only the friends they had chosen to follow. In the early idealistic days of internet expansion, the leading companies earned outsized profits by solving the attention allocation problem. The market was maturing.