In a prepared Senate testimony, TikTok CEO Shou Chew says the company plans to spend $2B+ in 2024 on trust and safety globally and that the app has 170M US MAUs
Alex Barinka / Bloomberg :
Meta reports Q3 revenue up 23% YoY to $34.15B, net income up 164% YoY to $11.58B, and family daily active people up 7% YoY to 3.14B for September 2023
that's what the Ray Ban glasses are for Ryan Deffenbaugh / Investor's Business Daily : Meta Earnings Crushed Targets. Why Is The Stock Falling Anyway? Yuvraj Malik / Reuters : Facebook-parent Meta bea...
Snap says Snapchat+ now has 5M+ subscribers, up from 3M in April 2023; the $3.99 per month tier launched in June 2022, after an industry slowdown in ad revenue
Alex Barinka / Bloomberg :
Email: Amazon offers some creators up to $12,500 for 500 videos, or $25 per video, for its TikTok-like shopping feed; creators typically charge $200+ per video
for $25 each Mastodon: Jenn Schiffer / @jenn@pixel.kitchen : @Techmeme amazon would absolutely think influencers cost as much as a banana ($10), lmao bozos X: @kyndhalugc : Amazon is offering creators...
Meta reports Instagram reached ~2B MAUs globally, up from 1B in 2018, and WhatsApp reached 2B+ DAUs
Alex Barinka / Bloomberg :
Farfetch, the UK-based marketplace for high-end fashion and luxury goods, prices its US IPO at $20 per share, above the expected $17 to $19 range, raising $885M
Alex Barinka / Bloomberg :
Tencent-backed content aggregator Qutoutiao closes up 128% after raising $84M in its IPO, the biggest first-day increase of a significant US IPO in 2018
Alex Barinka / Bloomberg :
Anaplan, which makes cloud-based business planning software, has filed for IPO, one week after its CFO joined the company from Tesla, where he was for one month
This is an initial public offering of shares … Alex Barinka / Bloomberg : Anaplan Files for U.S. IPO With Ex-Tesla Exec as Finance Chief Becky Peterson / Business Insider : $1.4 billion Anaplan files ...
Tencent-backed content aggregator Qutoutiao closes up 128% after raising $84M in its IPO, the biggest first-day increase of a significant US IPO in 2018
Alex Barinka / Bloomberg :
DocuSign closes up 37% on its first day of trading after raising $629M in its IPO
now its CEO and CFO explain what's next MarketWatch : DocuSign Inc. — DocuSign, Inc. provides cloud-based electronic signature solutions. Wall Street Journal : DocuSign Shows Strong Demand, Closes U...