Fave: Connecting Superfans with Music Artists Fave, the app for superfans to connect with like-minded music lovers and obsess over their favorite artists, secured $2 million in an ongoing round, the company exclusively told AsumeTech. Fave previously raised $2.2 million, which AsumeTech covered in 2021. The company’s current valuation is $15 million. Connecting Music Lovers…
Introducing Canopy: The New Peer-to-Peer Social Networking App Canopy is a new peer-to-peer social networking app for content creators to connect, crowdsource information and, for lack of a better term, “spill the tea.” Launching Pilot Program with 1,000 Influencers The company announced today the launch of its pilot program, with plans to onboard 1,000 influencers….
Google-backed Kuku FM Raises $25 Million in Funding to Expand Audiobook Offerings in South Asian Market Google-backed audio content platform Kuku FM has raised $25 million in a new funding round as it looks to make deeper inroads with its audiobook offerings in the South Asian market. Partnership with Top Investors Indian billionaire and technologist…
Apple’s iPadOS 17 Update: Redesigned Lock Screen, Enhanced Features and Compatibility Apple’s iPadOS 17 update is now rolling out to all users. The newest version includes a redesigned lock screen with support for widgets, an updated Stage Manager, PDF Autofill support, and the ability to use external USB-based mic and camera support. A Redesigned Lock…
Elon Musk-Owned Social Network X Lowers Requirements for Creator Payout Program Elon Musk-owned social network X, formerly Twitter, said late Thursday that it is lowering requirements for its creator payout program. The company said that the creators who have garnered 5 million impressions in the last three months will be eligible for ad revenue sharing…
Exploring the Current State of the Creator Economy Industry The White House is briefing TikTokers about the war in Ukraine. A Twitch streamer’s PS5 giveaway sparks a bonafide riot. A 25-year-old YouTuber from North Carolina is one of Time Magazine’s 100 most influential people in the world. If you underestimate the power of internet personalities,…
Instagram Bans Several Large Pokémon Content Creators Many prominent Pokémon content creators have recently been banned on Instagram without receiving any explanation for the ban. This issue was initially brought to light within the Pokémon Trading Card Game community when numerous leading creators received messages stating that their Instagram accounts were on hold. Subsequently, several…
Elon Musk: Twitter Faces Negative Cash Flow Due to Drop in Advertising Revenue Tesla and SpaceX CEO Elon Musk Raises Concerns Over Twitter’s Cash Flow Elon Musk, also known for his roles as CTO and Executive Chairman of Twitter, expressed that the company is currently facing negative cash flow. This is attributed to a significant…
Warren Buffett Adds Squishmallows to His Collection of Companies Shrewd business legend Warren Buffett has a whimsical side, buying companies whose products he personally enjoys like Dairy Queen and See’s Candies. Now count plush toy phenomenon Squishmallows. Squishmallows made its Berkshire Hathaway annual meeting debut this year in Omaha, Nebraska, with shareholders snapping up 10,000…
Decentralized Social Networking App Damus Removed from Apple App Store Due to Payment Rules Damus, a decentralized social networking app backed by Twitter co-founder Jack Dorsey, will be removed from the App Store due to Apple’s strict payment rules. Apple had threatened to remove Damus earlier this month over the app’s tips feature, claiming that…
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