Whatnot, the livestream marketplace platform for trading card collectors and sneakerheads alike, announced on Wednesday that its annual gross merchandise volume (GMV) surpassed $ 2 billion this year. The GMV milestone comes on the heels of its recent product launch: Rewards Club, a customizable loyalty program where sellers can create their own rewards for buyers […]
Korean Government Rewards Couple With Over 170 Million KRW Grant For Having Quintuplets
Kim Joon Young and Sagong Hye Ran, a couple from the Gyeonggi Province, are set to receive at least ₩170 million KRW (about $ 128,000 USD) in grants from the Korean government after welcoming quintuplets. Kim Joon Young and Sagong Hye Ran | Chosun Ilbo Korea’s falling birthrate has made childbirth a national issue, with […]
TikTok Lite: EU closes addictive design case after TikTok commits to not bring back rewards mechanism
The European Commission has closed a Digital Services Act (DSA) investigation of a rewards feature in TikTok Lite by accepting commitments from the social media giant to permanently withdraw the feature from the EU. The TikTok Lite “task and reward” mechanism, launched in France and Spain earlier this year, lets users earn points for doing […]
Elon Musk accused of profiting from tragedy as study finds X rewards hate targeting Israel-Gaza war
A few weeks after defeating Elon Musk’s attempt to silence it in court, anti-hate research nonprofit, the Center for Countering Digital Hate (CCDH), is back with a new piece of research into Musk’s social media platform X (formerly Twitter). The study builds on earlier work investigating his impact on online speech by spotlighting how policy […]
Renowned investors Elad Gil and Sarah Guo on the risks and rewards of funding AI tech: “The biggest threat to us in the short run is other people”
Last week, at our first StrictlyVC evening of the year, prominent AI investors Elad Gil and Sarah Guo joined us in San Francisco to talk about how they think about AI investing in a world where deals were getting bid up feverishly two months ago, and where reportedly, some startup teams are now looking to […]