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Truecaller’s ad revenue declined by 44%, leading to the layoffs.
The Clips feed aims to enable discovery by offering users a scrollable feed with short snippets of shows and movies.
The timing is notable. PayPal, which owns Venmo, is restructuring to spin Venmo off as a stand-alone business unit — a move widely seen as laying the groundwork for a potential sale. Stripe has reportedly expressed interest in buying PayPal outright.
Discord’s Nitro Rewards program will give Nitro subscribers access to Xbox Game Pass and discounts from Logitech, SteelSeries, and other gaming brands.
Users who sign up for the plan won’t see ads on TikTok, and their data won’t be used for advertising purposes.
This will be the first time that The Times has collaborated with a TV broadcaster for an entertainment-based program, representing yet another pivot in the media company’s attempt to build a sustainable digital subscription business as print revenue continues to decline.
As part of its 20th anniversary celebration, the streaming service is now releasing a limited-time feature that surfaces various facts about users, such as when they joined the app, the first song they streamed, their favorite artist, and a playlist of their most-streamed songs.
TikTok is systematically converting its discovery engine into a transaction layer, which both deepens user retention and opens entirely new revenue streams for its new owners.
The feature is designed to help people get real-time context about trends and breaking stories, as well as receive recommendations, all within conversations.