PR NEWSWIRE - Kuaishou Technology, a leading content community and social platform, announced its unaudited consolidated results for Q3 2021. Average DAUs on Kuaishou APP was 320.4M, representing an increase of 17.9%. Average MAUs on Kuaishou APP was 572.9M, representing an increase of 19.5%. The average daily time spent per DAU was 119.1 mins, representing an increase of 35.0%. The average online marketing services revenue per DAU was RMB34.0, representing an increase of 49.8%. The total GMV of e-commerce transactions facilitated on the platform was RMB175.8B, representing an increase of 86.1%. Total revenue increased by 33.4% to RMB20.5B. Amongst total revenues, online marketing services increased by 76.5% to RMB10.9B.
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Kuaishou Technology Announces Q3 2021 Financial Results
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Facebook Study Result Toward Users With Low Digital Literacy Skills
USA TODAY - Facebook researchers conducted dozens of in-depth interviews and in-home visits with 18 real people from one city who they'd identified as vulnerable users with low digital literacy skills. The study determined that the upsetting posts that permeated these users' feeds caused them to disconnect from Facebook for long periods and exacerbated the hardships they were already experiencing. They found that algorithms harmed users with low-tech skills with repeated disturbing content. Some users did not understand how content came to appear in their feeds or how to control it. These users were often older, people of color, lower-educated, and with lower socioeconomic status.
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Announcing LTR Edition 13 - Product Placement Strategy & Metaverse
VSN - Love, Technology, Relationships (LTR) is on Wed 1st December starting midday EST (New York) and for this monthly online event we have two topic experts speaking on Product Placement Strategy, and on Metaverse. We have a half hour of networking on virtual tables, then 50 minutes conference time then another short networking session with your peers, leaders of dating and online social communities. 1.5 hours all-in.
If you hold a full time leadership role at an online social community then you are welcome to join OSCA for free, and welcome to join LTR events for free. See the LTR speakers and invite page here. Email mark@courtlandbrooks.com to RSVP.
LTR is kindly sponsored by RealMe, vPaaS by Meet Group, FaceTec and Courtland Brooks
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ShareChat Parent in Talks to Raise $500M at $5B Value
LIVEMINT - Mohalla Tech, the company that operates social networking services Moj and ShareChat, is in early talks to raise $500M to $600M as part of a new fundraiser. The startup is expected to raise funds at a valuation of $5B. The size of the fundraising can be raised to $650M amid interest from foreign investors. The latest fundraising plans have come on the heels of Mohalla Tech raising ~$647M this year.
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TikTok Brings Its TV App to More Devices Across the US and Canada
TECH CRUNCH - TikTok has launched its TV app in North America in partnership with Amazon Fire TV. Now, TikTok is rolling out its TV app to more TV platforms across North America, including Google TV and other Android TV OS devices, and select LG Smart TVs and Samsung Smart TVs.
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ByteDance Is Shutting Down Edtech Business in India
TECH CRUNCH - ByteDance is shutting down its edtech business in India. The decision follows a weeks-long discussion in which the company also explored migrating the India team to work with the European edtech team. Most of the employees, if not all, are being let go. The edtech division employed over three dozen people in India.
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Inpathy, a Social Network That Mirrors Real Human Experience
TECH CRUNCH - Inpathy, a "healthy" social network founded by Ziarekenya Smith in 2015 with a mission to revolutionize how people use social media "by making it more transparent, normalizing moods, and recreating the human experience." Inpathy strives to offer a more balanced life experience, not just perfection. It aims to give people room to share their raw feelings, the good, not so good, and the bad.
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ImpactWayv and Miss Universe Organization to Partner in Global Impact Challenge
PR NEWSWIRE - ImpactWayv™, the pioneering Social Impact Media Platform, partners with the Miss Universe Organization to support the 70th MISS UNIVERSE Competition. The ImpactWayv app is set to support worldwide social impact interactivity and engagement for the global community of Miss Universe contestants from ~80 countries and their fans, followers, and viewers worldwide, reaching ~500M viewers. ImpactWayv is also hosting a challenge among all delegates to create the most "Impacts" on the ImpactWayv app among their followers.
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UAE Neighbourhood App, Hayi, Raises $325K to Expand Beyond Dubai
SME10X - The UAE's neighbourhood app, Hayi, has raised $325K in its latest funding round. The community-based startup plans to use its recent investment for long term expansion plans to enter key markets throughout the MENA region. Currently, the app currently only available to neighbourhoods in Dubai, has ~8K verified neighbours across 20 neighbourhoods within the Emirate.
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Pakistan Lifts Ban on TikTok After 5 Months
TRIBUNE - The Pakistan Telecommunication Authority (PTA) has restored the services of TikTok on assurances of the popular video-sharing platform to control "immoral/indecent content" after nearly a 5-month suspension. TikTok also assured that the users who are continuously involved in uploading unlawful content will be blocked from using the platform.
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Why Telegram Users Are More Ad-free Than WhatsApp
TIMES OF INDIA - In a blog post Pavel Durov, product manager, CEO and founder of Telegram talks about why with Telegram users are more ad-free than with WhatsApp. WhatsApp already shares user data with advertisers even though they don't show ads themselves. While on Telegram, advertisers will never get users private data. Sponsored messages can only appear in channels, which are a unique social networking feature Telegram added several years after launch.
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State AGs Investigating Instagram's Impact on Children and Teens
WASHINGTON POST - A bipartisan coalition of State AGs announced an investigation into Meta, focusing on whether the company violated consumer protection laws by promoting the app and other social networking products to children and teens. According to the report, the company's internal research suggested that its products negatively affect the mental health of young people, especially teen girls.
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TikTok Is Organizing Monthly Gaming Live Streams
AFP - TikTok is getting into video game streaming. Once a month, TikTok will broadcast a live show where celebrities will play their favorite video games. TikTok users will be able to interact during the stream or help players.
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Facebook Paying Creators up to $50K to Use Live Audio Rooms
IANS - Facebook is reportedly paying creators up to $50K to use the platforms Live Audio Rooms feature, a rival to audio chat app Clubhouse. Facebook is offering to pay musicians and other creators "$10K to $50K per session, plus a fee for guests of $10K or more."
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TikTok Could Count ~1.5B Users in 2022
MALAY MAIL - According to a recent report by App Annie, "2022: A World Transformed - 6 Mobile Forecasts to Help You Succeed," TikTok could host ~1.5B users in 2022. The forecast testifies to the strength of this app which doesn't seem to be slowing down any time soon. The app also could surpass 3B downloads worldwide and reach 3B in spending worldwide, both on iOS and Android.
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