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Loops: The New TikTok Competitor in the Fediverse

Loops: The New TikTok Competitor in the Fediverse

A new app called Loops has emerged as a competitor to TikTok within the fediverse, allowing users to share short, looping videos. Developed by Daniel Supernault, Loops will integrate with ActivityPub and aims to provide an open-source platform. Users can interact with content without losing ownership of their uploads, as Loops pledges not to sell data or use it for AI training. Currently accepting signups, the app plans to support cross-platform interactions with Mastodon and Pixelfed, while seeking user donations and community feedback for further development.

Created at: October 25, 2024 6:00pm

YouTube Launches Affiliate Program in India with Flipkart Partnership

YouTube Launches Affiliate Program in India with Flipkart Partnership

YouTube has introduced its affiliate program in India, allowing creators to tag products in videos and earn referral fees as the festive season approaches. The program partners with Walmart-owned Flipkart and Myntra, expanding product access for creators. With over 400 million users, India is YouTube's largest market, boasting more than 110,000 channels. Creators must have at least 10,000 subscribers to participate. This move follows successful affiliate initiatives in the U.S. and other Asian markets, aiming to enhance product discovery across all video formats.

Created at: October 25, 2024 7:00am

TikTok Accounts: A New Asset in Divorce Settlements

TikTok Accounts: A New Asset in Divorce Settlements

The growing trend of couples facing challenges in dividing shared TikTok accounts during divorce is gaining attention. Kat and Mike Stickler's case highlights the complexities of valuing social media assets, with Kat securing their popular account, which facilitated her purchase of a new condo. As influencers like Vivian Tu emphasize the importance of social media for financial opportunity, divorce attorneys are increasingly navigating these digital assets in settlements. The discussions raise questions about ownership and future potential earnings from platforms like TikTok.

Created at: October 25, 2024 12:00am

Google Introduces AI Photo Editing Disclosure in Google Photos

Google Introduces AI Photo Editing Disclosure in Google Photos

Starting next week, Google Photos will feature a new disclosure indicating when photos have been edited using its AI tools, like Magic Editor and Magic Eraser. This move aims to enhance transparency, but many users may still overlook the notification, as it’s not visually prominent. Photos edited by AI will have a note under the Details section, but there won’t be visible watermarks directly on the images. This change follows criticism of Google’s lack of clear indicators for AI-generated content, highlighting ongoing challenges in discerning authenticity online.

Created at: October 24, 2024 7:30pm

Bluesky Secures $15M Series A Funding, Eyes Subscription Launch

Bluesky Secures $15M Series A Funding, Eyes Subscription Launch

Bluesky, the decentralized social media app, has successfully raised $15 million in a Series A funding round, following its earlier $8 million seed investment. This funding comes amid a surge of approximately 3 million new users, now totaling around 13 million. Bluesky aims to enhance its community and invest in Trust and Safety, while also planning to introduce a subscription model for premium features. Notably, the app will avoid the pitfalls of 'pay-to-win' models seen elsewhere in social media, ensuring a user-centric experience. The round is led by Blockchain Capital, emphasizing a non-crypto focus.

Created at: October 24, 2024 6:00pm

Snapchat Introduces Quick Access Camera Shortcut for iPhone Users

Snapchat Introduces Quick Access Camera Shortcut for iPhone Users

Snapchat has unveiled a new iPhone-exclusive feature allowing users to access its camera directly from the lock screen. With iOS 18 or later, users can replace the flashlight or native camera shortcuts for instant photo capture. This one-touch functionality ensures spontaneous moments are easily captured, although editing and sending require unlocking the device. The update also includes support for iPhone 16's camera control and the ability to customize lock screen settings. This innovation aligns Snapchat with similar features from competitors like Google, further enhancing its position in mobile photography.

Created at: October 24, 2024 3:31pm

Snapchat Introduces Camera Shortcut on iPhone Lock Screen

Snapchat Introduces Camera Shortcut on iPhone Lock Screen

Snapchat has announced a new feature allowing iPhone users with iOS 18 or later to replace their default lock screen camera shortcut with the Snapchat camera. This integration aims to simplify the process of capturing moments, as over 55,000 Snaps are created every second. Users can customize their lock screen by selecting the Snapchat camera through the customization options. Additionally, Snapchat has launched the 'Footsteps' feature for tracking world exploration and is introducing new Halloween-themed AI lenses and stickers. This update follows Snapchat's previous enhancements with iOS 16 and iPhone 15.

Created at: October 24, 2024 2:30pm

Spotify Unveils Auto-Moderation Tool for Podcast Comments

Spotify Unveils Auto-Moderation Tool for Podcast Comments

Spotify has introduced an auto-moderation tool to enhance how podcasters manage comments on their episodes. The tool allows comments to be filtered based on sensitivity levels, with options to hold or automatically publish comments. Since launching the comments feature in July, users have posted 2.5 million comments across 650,000 episodes. Spotify aims to improve engagement by testing additional languages and expanding moderation controls. Creators can customize their comment settings, including turning off comments entirely for specific episodes.

Created at: October 24, 2024 8:30am

Pinterest Faces EU Privacy Complaint Over Tracking Ads

Pinterest Faces EU Privacy Complaint Over Tracking Ads

Pinterest is under scrutiny as the European privacy rights group noyb has filed a complaint alleging violations of GDPR due to unauthorized tracking for advertising. The complaint claims Pinterest has not obtained user consent for profiling, risking penalties of up to 4% of its global turnover. The platform allegedly defaults to tracking users unless they opt out, a practice criticized for being non-compliant with EU regulations. The case highlights growing concerns over privacy and data protection in the digital advertising landscape, especially following prior incidents linked to user safety.

Created at: October 24, 2024 5:00am

X's India Revenue Plummets Nearly 90% Amid Advertising Struggles

X's India Revenue Plummets Nearly 90% Amid Advertising Struggles

X, the social network owned by Elon Musk, reported a staggering 89.8% drop in revenue in India, falling to $2.51 million for the fiscal year ending in March. This contrasts sharply with the previous year's revenue of $24.7 million. The company also cut its expenses drastically from $20 million to $2.2 million. Despite the revenue decline, X managed to post a profit of $380,000, though this is down from $3.62 million the year prior. The reasons behind the revenue drop remain unclear, coinciding with layoffs and challenges in retaining advertisers globally.

Created at: October 24, 2024 4:00am

Philly's Portal: A Live Connection Across Cities

Philly's Portal: A Live Connection Across Cities

Philadelphia's Love Park has unveiled the Portal, a 12-foot tall live video feed that connects locals with people in cities like Dublin and Lithuania. Created by entrepreneur Benediktas Gylys, the Portal aims to foster global connections while reflecting the diverse nature of human interaction. Despite initial concerns, local response has been largely positive, with visitors enjoying spontaneous exchanges. However, the Portal raises questions about online behavior mirrored in real life, as some users pushed social boundaries. The installation highlights both the potential for connection and the complexities of human interaction in a digital age.

Created at: October 23, 2024 6:30pm

LinkedIn's Follower Count Issue Resolved: Not a Purge After All

LinkedIn's Follower Count Issue Resolved: Not a Purge After All

LinkedIn users experienced a sudden drop in follower counts earlier this week, leading to speculation about a potential purge of fake accounts. Many believed the issue stemmed from the platform's efforts to clean out inactive or duplicate profiles. However, LinkedIn later clarified that this was merely a bug and has since been resolved. The company acknowledged the confusion but did not provide further details on the cause. Users expressed concern over losing followers, emphasizing the importance of follower counts for personal branding and business marketing. LinkedIn's communication delays contributed to the uproar among users.

Created at: October 22, 2024 7:00pm

Foursquare Bids Farewell to City Guides App

Foursquare Bids Farewell to City Guides App

Foursquare founder Dennis Crowley announced the impending closure of the Foursquare City Guides app, set for December 15, 2024. This decision marks a shift towards prioritizing the check-in app, Swarm, and reflects a decline in the City Guides' relevance in today's social media landscape. Crowley expressed nostalgia over the app's legacy, highlighting its innovative approach to urban exploration. Users have shared their sorrow, describing the closure as a 'gut punch.' Despite the app's shutdown, Foursquare continues to thrive, generating over $100 million in revenue.

Created at: October 22, 2024 5:00pm

Meta Follows Twitter's Lead in Suspending Celebrity Jet Trackers

Meta Follows Twitter's Lead in Suspending Celebrity Jet Trackers

Meta has suspended several celebrity jet tracker accounts operated by Jack Sweeney on its platforms, including Instagram and Threads. This decision mirrors a similar action taken by Twitter (now X) nearly two years ago. Sweeney confirmed the suspension, noting that while many of his celebrity-focused accounts were removed, some tracking accounts for political figures remain active. Meta claims the suspensions were due to privacy violations and potential physical harm to tracked individuals, following recommendations from its Oversight Board. This development raises questions about the treatment of political versus celebrity figures online.

Created at: October 22, 2024 2:00pm

Meta Develops Facial Recognition Tool to Combat Celebrity Deepfakes

Meta Develops Facial Recognition Tool to Combat Celebrity Deepfakes

Meta is testing a new facial recognition tool designed to help users identify celebrity deepfakes and fraudulent online campaigns. This tool aims to enhance online safety by detecting scams that exploit celebrity likenesses. Additionally, it will assist users in recovering locked accounts on Meta's platforms by verifying their identities. The tool will cross-match legitimate celebrity photos with potential scams, automatically blocking confirmed fakes. This effort follows the shutdown of Meta's previous facial recognition technology, signaling a renewed focus on digital security amid rising AI-generated misinformation.

Created at: October 22, 2024 12:30pm

Meta Suspends Celebrity Jet Tracking Accounts Amid Privacy Concerns

Meta Suspends Celebrity Jet Tracking Accounts Amid Privacy Concerns

Meta has suspended Instagram and Threads accounts that tracked the private jets of high-profile celebrities, including Elon Musk and Mark Zuckerberg. The accounts, managed by college student Jack Sweeney, faced errors when accessed. Sweeney's account tracking Taylor Swift's jet was disabled earlier. The reason for the suspension remains unclear, but it echoes a previous incident when Musk permanently banned Sweeney's @ElonJet account on Twitter. Despite new laws allowing anonymity for private aircraft owners, tracking remains feasible through community tips.

Created at: October 22, 2024 5:00am

Berlin Startup Passionfroot Raises $3.8M to Streamline Brand Partnerships for Creators

Berlin-based startup Passionfroot has secured $3.8 million in seed funding to enhance brand collaborations for business-focused content creators. Founded by Jen Phan, the company addresses the challenges creators face in managing partnerships and payments. Passionfroot offers a marketplace and toolkit enabling creators to showcase their collaboration opportunities. With a commission structure of 15% on partnerships, the platform simplifies campaign scheduling for brands. The company aims to capitalize on the growing US influencer marketing sector, projected to reach $7.14 billion in 2024, indicating a robust market demand.

Created at: October 22, 2024 5:00am

Meta Expands Facial Recognition Trials to Combat Celebrity Scam Ads

Meta Expands Facial Recognition Trials to Combat Celebrity Scam Ads

Meta is ramping up its facial recognition tests aimed at detecting celebrity scam advertisements on its platforms. The initiative, led by VP Monika Bickert, seeks to enhance existing anti-scam measures, utilizing machine learning classifiers to flag suspicious ads. By comparing ad images with public figures' profiles, Meta aims to block fraudulent content effectively. The company claims that any facial data generated will be deleted post-comparison. Additionally, it is testing video selfies for quicker account recovery. However, these trials are not currently active in the UK or EU due to stringent data protection laws.

Created at: October 21, 2024 10:30pm

Bluesky Soars to 10 Million Users Amidst Social Media Shake-Up

Bluesky Soars to 10 Million Users Amidst Social Media Shake-Up

Bluesky, the decentralized social app founded by former Twitter CEO Jack Dorsey, has surpassed 10 million users as of October 2024. This surge follows its public release in February 2024 and significant user influxes attributed to X's recent bans in Brazil and controversial policy changes. Bluesky offers a Twitter-like interface with community-specific moderation and utilizes the open-source AT Protocol for transparency. The platform aims to differentiate itself by focusing on user privacy and customizable feeds, while still facing challenges in moderating content effectively. Notable figures and organizations have already migrated to Bluesky, further boosting its visibility.

Created at: October 21, 2024 7:30pm

X Launches Radar: A Real-Time Trend Analysis Tool for Premium+ Subscribers

X Launches Radar: A Real-Time Trend Analysis Tool for Premium+ Subscribers

On October 21, 2024, X introduced its new trend analysis tool, Radar, to Premium+ subscribers amid rising competition from platforms like Bluesky and Threads. Formerly known as Insights, Radar enables marketers to analyze real-time conversations and trends, providing keyword analytics and visualization features. The tool aims to replace third-party analytics services, though its high price previously limited access for smaller businesses. The rollout begins with select subscribers, and further updates are anticipated. Early users report improved search capabilities but suggest additional filtering options are needed.

Created at: October 21, 2024 6:30pm

Shobizzy Launches Networking App to Support Freelancers in Entertainment Industry

Shobizzy Launches Networking App to Support Freelancers in Entertainment Industry

Shobizzy, a newly launched networking app, aims to assist freelancers in the TV and film industry amid rising unemployment concerns. Unlike traditional job boards, it allows users to create public profiles and connect with industry professionals without the need for applications. The app has expanded to include opportunities in live events and digital content creation, tapping into the booming creator economy. With partnerships like Red Light Management, Shobizzy provides freelancers access to major projects. The platform has attracted 6,500 signups and is currently raising a $2 million seed funding round.

Created at: October 21, 2024 4:00pm

Ireland Implements Online Safety Code for Major Video Platforms

Ireland Implements Online Safety Code for Major Video Platforms

Ireland's media regulator, Coimisiún na Meán, has introduced an Online Safety Code that will take effect next month, targeting video-sharing platforms like TikTok and YouTube. The Code mandates restrictions on harmful content, including cyberbullying and self-harm promotion. It emphasizes a notice-and-takedown approach rather than requiring upload filters. Platforms must enforce terms prohibiting harmful uploads and provide age verification for adult content. This initiative aims to enhance user safety and aligns with Ireland's broader Online Safety Framework, marking a significant shift away from self-regulation in social media.

Created at: October 21, 2024 3:00pm

Dr. Rebecca Portnoff: Pioneering AI to Combat Child Sexual Abuse

Dr. Rebecca Portnoff: Pioneering AI to Combat Child Sexual Abuse

In a recent interview, Dr. Rebecca Portnoff, vice president of data science at Thorn, discussed her mission to leverage AI in protecting children from sexual abuse. With a PhD from UC Berkeley, she has dedicated eight years to developing machine learning solutions aimed at identifying victims and preventing abuse. Dr. Portnoff highlighted the collaborative Safety by Design initiative to mitigate generative AI misuse. Despite challenges in a male-dominated field, she urges women to embrace their potential and stresses the importance of ethical AI development. Her insights underscore the urgent need for robust legislation against AI misuse.

Created at: October 19, 2024 5:30pm

Changes to X's Block Function Spark User Exodus

Changes to X's Block Function Spark User Exodus

Elon Musk's X is modifying its block function, allowing blocked users to view public posts from those who blocked them. This controversial change has drawn criticism from users and experts alike, who argue it undermines user safety. Tracy Chou of Block Party emphasizes the risks for harassment victims, while Bluesky, a competing platform, has seen a surge of 1.2 million new users in response to the shift. The policy prioritizes visibility over user protection, raising concerns about its implications for stalking and abuse victims. Critics fear this move may escalate harassment on the platform.

Created at: October 18, 2024 8:00pm

YouTube Kings of 2024: MrBeast, T-Series, and Cocomelon Reign Supreme

YouTube Kings of 2024: MrBeast, T-Series, and Cocomelon Reign Supreme

As of October 2024, MrBeast leads YouTube with 321 million subscribers, captivating audiences with extravagant challenges and giveaways. T-Series follows with 276 million subscribers, showcasing Bollywood's rich content to a global audience. Cocomelon ranks third with over 160 million, providing engaging educational material for children. These channels thrive on consistency, relatability, and global reach, setting them apart in a competitive landscape. Despite the rising competition, MrBeast, T-Series, and Cocomelon maintain their reign, continuously evolving and captivating millions of viewers worldwide.

Created at: October 18, 2024 6:00pm

Bluesky Soars to Top 5 as Users Flee X After Controversial Changes

Bluesky Soars to Top 5 as Users Flee X After Controversial Changes

Bluesky, the emerging social networking app, has surged into the top 5 on the U.S. App Store, gaining half a million users in just one day. This organic growth has been catalyzed by dissatisfaction among X users due to recent policy changes regarding blocking and data sharing. Bluesky is also experiencing significant international growth, ranking high in various countries, including Japan and Taiwan. Meanwhile, X's recent updates have resulted in a drop to No. 29 in the App Store. The changing landscape highlights the ongoing competition in social media.

Created at: October 18, 2024 3:00pm

Instagram Songs Now Easily Addable to Spotify Library

Instagram Songs Now Easily Addable to Spotify Library

Instagram has announced a new collaboration with Spotify, allowing users to add songs found on Instagram directly to their Spotify library with just a few clicks. This feature simplifies the music discovery process, eliminating the need for manual searches. Users can click on a song's title, which redirects them to an information page where they can save it or add it to Spotify. Both iOS and Android users can access this feature if they have both apps installed. Though it remains unclear if a Spotify Premium subscription is required, users must be logged into both accounts to utilize the feature.

Created at: October 18, 2024 1:30pm

Elon Musk’s X Allows Third Parties to Train AI on User Data

Elon Musk’s X Allows Third Parties to Train AI on User Data

X, formerly known as Twitter, has updated its Privacy Policy to permit third-party collaborators to use user data for training AI models, unless users opt out. This change indicates a shift towards monetizing data, similar to practices by Reddit and other media outlets. The revised policy, effective November 15, 2024, also modifies the retention period for various types of user information. Additionally, X introduced a 'Liquidated Damages' clause, imposing fees on organizations scraping its content. The move comes as X seeks new revenue streams amidst decreased advertising support.

Created at: October 17, 2024 9:30pm

Instagram Fights Sextortion With New Features to Protect Teens

Instagram Fights Sextortion With New Features to Protect Teens

Instagram has announced a series of new measures aimed at combating sextortion scams targeting users, particularly teens. These features include blocking screenshots from disappearing stories, restricting suspicious accounts from accessing follower information, and issuing geolocation alerts for chats with users from other countries. Additionally, 'Teen Accounts' will have stricter safety protocols, including automatic blurring of nude images in direct messages. These initiatives come in response to rising sextortion cases involving minors, with Meta striving to enhance online safety and user privacy.

Created at: October 17, 2024 5:00pm

Tinder's New Voting Stickers Encourage Political Engagement Among Singles

Tinder's New Voting Stickers Encourage Political Engagement Among Singles

As election season approaches, dating apps are pivoting to address political alignment in relationships. Tinder has launched its 'Take Action Center,' featuring voting stickers that allow users to express their political views. These stickers, including messages on reproductive rights, aim to foster transparency in dating. Similarly, OkCupid has introduced matching questions focused on voting behavior to enhance compatibility. With political beliefs becoming pivotal in dating, apps like The Right Stuff cater to conservative users, highlighting the growing influence of politics in modern relationships.

Created at: October 17, 2024 4:00pm

Elon Musk's X Enhances Transparency for EU Users Amid DSA Investigations

Elon Musk's X Enhances Transparency for EU Users Amid DSA Investigations

Elon Musk-owned X is set to update its privacy policy to clarify European Union users' rights under the Digital Services Act (DSA). Effective November 15, 2024, users will be informed of their ability to appeal decisions like account bans and shadowbanning. The DSA imposes significant penalties for non-compliance, prompting X to revise its terms. The platform faces multiple investigations by the European Commission regarding its handling of illegal content and user appeals. Critics argue that X must proactively notify users affected by shadowbanning, a legal obligation under the DSA.

Created at: October 17, 2024 12:00pm

Elon Musk's X Escapes EU's DMA Regulatory Grip

Elon Musk's X Escapes EU's DMA Regulatory Grip

The European Commission has determined that Elon Musk's X will not be regulated under the Digital Markets Act (DMA), despite meeting user thresholds. This decision exempts the platform from the DMA's operational rules, which aim to ensure fair practices among Big Tech. The Commission cited that X is not a significant gateway for businesses to reach users, marking a blow to Musk's ambitions. While this frees X from potential penalties, the platform still faces scrutiny under the Digital Services Act, with ongoing investigations into compliance breaches. The EU will continue to monitor X's market position.

Created at: October 16, 2024 12:30pm

Mastodon Launches Cute Plushies to Fund Development Efforts

Mastodon Launches Cute Plushies to Fund Development Efforts

Mastodon, the decentralized social network, has begun selling plushie toys to support its development. Following a successful test round of merchandise, the company launched its first plushie, priced at $45. Although initially available only in the EU due to shipping delays in the US, Mastodon quickly sold 176 units, generating nearly $8,000 in revenue. This initiative aims to help offset operational costs as Mastodon primarily relies on Patreon for funding. The community has shown strong support, rallying under the hashtag #plustodon.

Created at: October 15, 2024 9:30pm

Threads Introduces Activity Status Feature to Engage Users in Real-Time

Threads Introduces Activity Status Feature to Engage Users in Real-Time

Meta's Threads is launching a new 'activity status' feature, allowing users to see when their connections are online, aiming to enhance real-time engagement. Announced by Instagram head Adam Mosseri, the feature can be turned off, ensuring user privacy. This update comes as Threads seeks to compete with X (formerly Twitter) in real-time social interactions. However, user feedback indicates mixed reactions, with many preferring direct messaging capabilities instead. Concerns over privacy and potential harassment are also raised, as the feature may expose users' online presence.

Created at: October 15, 2024 8:30pm

Instagram Unveils New Profile Card Feature for Enhanced Networking

Instagram has launched a new 'profile card' feature, providing users with a digital business card to easily share their accounts. This feature allows for a customizable card that includes profile information and a QR code for quick access. Designed to cater to the growing trend of Gen Z using Instagram as a professional platform, the profile card aims to facilitate connections and collaborations. Users can also share their cards on other social media platforms to expand their reach. This rollout is part of Instagram's strategy to enhance user engagement and networking opportunities.

Created at: October 15, 2024 3:30pm

YouTube Enhances User Experience with New Playback and Playlist Features

YouTube Enhances User Experience with New Playback and Playlist Features

YouTube has rolled out significant updates to its apps, introducing improved playback speed controls allowing adjustments in 0.05x increments. Users can now create collaborative playlists by sharing links or QR codes and even customize thumbnails with AI-generated images. The mobile app's landscape mode features larger thumbnails and responsive controls, while the mini-player has been enhanced for better browsing. Upcoming features will include a voting system for collaborators and a sleep timer for all users. The TV app also sees upgrades for a more immersive viewing experience.

Created at: October 15, 2024 1:31pm

TikTok's Own Research Reveals Harmful Effects on Teen Mental Health

TikTok's Own Research Reveals Harmful Effects on Teen Mental Health

New court documents indicate that TikTok executives are aware of the app’s detrimental impact on teenagers’ mental health. Fourteen U.S. attorneys general have filed a lawsuit citing evidence from TikTok’s internal research that links compulsive use of the app to negative effects, including anxiety and diminished conversational skills. Furthermore, a feature designed to limit usage reportedly only decreased screen time by 1.5 minutes daily. TikTok has criticized the media's portrayal of these findings, claiming the reports misrepresent their commitment to user safety.

Created at: October 12, 2024 5:00pm

Instagram Attributes Moderation Issues to Human Reviewers, Not AI

Instagram Attributes Moderation Issues to Human Reviewers, Not AI

Instagram CEO Adam Mosseri announced that recent moderation problems affecting user accounts were due to human errors by content reviewers rather than AI systems. These issues led to account suspensions and posts being incorrectly flagged or downranked, causing frustration among users. Despite Mosseri's explanation, some users experienced account suspensions even after age verification. He acknowledged the need for improvements in the moderation process to reduce mistakes. The situation has prompted a competitor, Bluesky, to attract disillusioned users from Threads by highlighting its own features.

Created at: October 11, 2024 4:30pm

Bluesky Leverages Meta’s Moderation Woes to Attract Threads Users

Bluesky Leverages Meta’s Moderation Woes to Attract Threads Users

Social networking startup Bluesky has launched an account on Threads to attract users frustrated by Meta's ongoing moderation issues. Amid complaints of content downranking and false account flagging, Bluesky aims to differentiate itself by emphasizing its community-guided moderation policies. Unlike Meta, Bluesky will not de-rank political content, tapping into user dissatisfaction with Threads. The platform promotes transparency and user choice, inviting users to explore its features. Despite its smaller user base, Bluesky is actively engaging with Threads users to gather feedback and improve its offerings.

Created at: October 10, 2024 5:30pm

LinkedIn: 10 Million Freelancers Join Services Marketplace Amid Tech Layoffs

LinkedIn: 10 Million Freelancers Join Services Marketplace Amid Tech Layoffs

LinkedIn has announced that 10 million users have signed up on its Services Marketplace, reflecting a 48% increase over the past year. This surge comes as over 100,000 tech workers were laid off in 2024, leading many to explore freelance opportunities. Service requests on the platform are also up by 65% year-over-year. Despite these gains, LinkedIn has not disclosed sales figures or pricing trends. The company aims to boost engagement and premium subscriptions, which have risen by 51%, contributing to $1.7 billion in revenue this fiscal year.

Created at: October 10, 2024 5:00pm