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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.

Media 52
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Cryptocurrency company Circle to go public in SPAC deal

TechCrunch

But the company later pivoted to create a social payments app. 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.

Company 361
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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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Digital listening reveals 3 leading innovation drivers

CIO

With media outlets racing to get exclusives out the door on the latest “big thing,” sifting through the excitement to find the bigger picture is challenging. higher [in 2022] than in 2017.” According to research sponsored by techradar.pro, an astonishing 39% of U.S. adult web users surveyed have used one or more generative AI tools.

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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.

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The tech behind Artifact, the newly launched news aggregator from Instagram’s co-founders

TechCrunch

The launch was a surprise to many consumers, who wondered why the team behind one of the world’s most iconic social apps would return to startups to focus on one of the toughest areas instead: news. Machine learning is the “future of social” Image Credits: Usis / Getty Images Deciding on their next act took time.

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Hive raises $85M for AI-based APIs to help moderate content, identify objects and more

TechCrunch

The company has been somewhat under the radar since it was founded in 2017, in what appears to have been a pivot from founder Kevin Guo’s previous startup, a Q&A platform that was called Kiwi, which itself was a product of a project out of his time at Stanford. The company has now raised $121 million. .