Spotify’s podcast ad revenue jumps 627% in Q2

In the minutes before its quarterly earnings call this morning, Spotify played advertisements for its Originals & Exclusives, like the true crime show “Deathbed Confessions,” and the sex and relationships podcast “Call Her Daddy,” which Spotify recently acquired in a deal worth $60 million. Sure, it’s kind of hilarious to hear a recording of host […]

Apple News partners with NBCUniversal to share exclusive Olympics content

It’s hard to keep up with the Olympics any year, let alone when they’re taking place in a time zone that’s 13 hours ahead of you, if you’re on the East Coast. Yesterday, Apple News announced a collaboration with NBCUniversal (the U.S. broadcast rights holder for the Olympics) to develop exclusive daily recaps and audio […]

Citizen’s crime live streams are no substitute for local journalism

In May, the neighborhood crime watch app Citizen offered its user base $30,000 to track down a suspected arsonist on live video, only to discover that they’d sent a mob of civilians after the wrong guy. Now, Citizen is covertly hiring journalists to livestream on the app at crime scenes for $25 per hour through […]

Snap had its best quarter in four years

If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last four years. Snapchat now has 293 million daily active users, growing 23% since […]

Facebook Messenger is stepping up its emoji game

If you can’t say it with words, say it with an emoji. Facebook is announcing a few minor updates today to its Messenger platform, which make it easier than ever to find the exact emoji you’re looking for when reacting to a friend’s message (let’s be real, there’s a big difference between the “crying laughing” […]

Tumblr debuts Post+, a subscription service for Gen Z creators

As Twitter launches Super Follows, YouTube adds new monetization tools, and Instagram embraces e-commerce, the social media sphere is heating up with new ways for creators to make a living. Now, Tumblr is joining the fray with Post+, the platform’s first attempt at allowing users to monetize their content. Post+ is debuting today in limited […]

Facebook onboards another 31 newsletter writers on Bulletin

Late last month, Facebook announced Bulletin, its newsletter platform. Unlike Substack, Medium, and other competitors, Bulletin hand-picks its writers to curate a more controlled platform, with stars ranging from Mitch Albom, whose book Tuesdays With Morrie continues to break hearts in seventh grade English classes, to Queer Eye’s Tan France, who taught a generation of […]

A bank for the creator economy, Karat Financial raises $26M in Series A funding

The creator economy is changing the way that people earn a living, whether you’re an Instagram influencer or a freelance graphic designer. But traditional banks haven’t caught up. Take Alexandra Botez for example. The Stanford graduate earns six figures playing chess on Twitch, where she has 877,000 followers. But when she tried to apply for […]