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Tag: Platform

  • TikTok creators left in limbo while awaiting decision on potential platform ban

    TikTok creators left in limbo while awaiting decision on potential platform ban

    Will TikTok be banned this month?

    That’s the pressing question keeping creators and small business owners in anxious limbo as they await a decision that could upend their livelihoods. The fate of the popular app will be decided by the Supreme Court, which will hear arguments on Jan. 10 over a law requiring TikTok to break ties with its Chinese-based parent company, ByteDance, or face a U.S. ban.

    At the heart of the case is whether the law violates the First Amendment with TikTok and its creator allies arguing that it does. The U.S. government, which sees the platform as a national security risk, says it does not.

    For creators, the TikTok doomsday scenarios are nothing new since President-elect Donald Trump first tried to ban the platform through executive order during his first term. But despite Trump’s recent statements indicating he now wants TikTok to stick around, the prospect of a ban has never been as immediate as it is now with the Supreme Court serving as the final arbiter.

    If the government prevails as it did in a lower court, TikTok says it would shut down its U.S. platform by Jan. 19, leaving creators scrambling to redefine their futures.

    “A lot of my other creative friends, we’re all like freaking out. But I’m staying calm,” said Gillian Johnson, who benefited financially from TikTok’s live feature and rewards program, which helped creators generate higher revenue potential by posting high-quality original content. The 22-year-old filmmaker and recent college graduate uses her TikTok earnings to help fund her equipment for projects such as camera lens and editing software for her short films “Gambit” and “Awaken! My Neighbor.”

    Johnson said the idea of TikTok going away is “hard to accept.”

    Many creators have taken to TikTok to voice their frustrations, grappling with the possibility that the platform they’ve invested so much in could soon disappear. Online communities risk being disrupted, and the economic fallout could especially be devastating for those who mainly depend on TikTok and have left full-time jobs to build careers and incomes around their content.

    For some, the uncertainty has led them to question whether to continue creating content at all, according to Johnson, who says she knows creators who have been thinking about quitting. But Nicla Bartoli, the vice president of sales at The Influencer Marketing Factory, said the creators she has interreacted with have not been too worried since news about a potential TikTok ban has come up repeatedly over the years, and then died down.

    “I believe a good chunk think it is not going to happen,” said Bartoli, whose agency works to pair influencers and brands.

    It’s unclear how quickly the Supreme Court will issue a decision. But the court could act swiftly to block the law from going into effect if at least five of the nine justices deem it unconstitutional.

    Trump, for his part, has already asked the justices to put a pause on the ban so he could weigh in after he takes office. In a brief — written by his pick for solicitor general — Trump called the First Amendment implications of a TikTok ban “sweeping and troubling” and said he wants a “negotiated resolution” to the issue, something the Biden administration had pursued to no avail.

    While waiting for the dust to settle in Washington, some creators are exploring alternatives ways to promote themselves or their business, encouraging users to follow them on other social media platforms or are investing more time producing non-TikTok content.

    Johnson says she is already strategizing her next move and exploring alternative opportunities. While she hasn’t found a place quite like TikTok, she’s begun to spend more of her time on other platforms, such as Instagram and YouTube, both of whom are expected to benefit financially if TikTok vanishes.

    According to a report by Goldman Sachs, the so-called creator economy, which has been fueled in part by TikTok, could be worth $480 billion by 2027.

    Because the opportunity to monetize content exists across a range of platforms, a vast amount of creators have already diversified their social media presence. However, many TikTok creators have credited the platform — and its algorithm — with giving them a type of exposure they did not receive on other platforms. Some say it has also boosted and provided opportunities for creators of color and those from other marginalized groups.

    Despite fears about the fate of TikTok, industry analysts note creators are generally avoiding making any big changes, like abandoning platform, until something actually happens.

    “I’m anxious but also trying to be hopeful in a weird way,” said Brandon Hurst, who credits TikTok with rescuing his business from obscurity and propelling it into rapid growth.

    A year after joining TikTok, the 30-year-old Hurst, who sells plants, said his sales doubled, outpacing the traction he’d struggled to gain on Instagram. He built his clientele through the live feature on TikTok, which has helped him sell more than 77,000 plants. The business has thrived so much that he says he now employs five people, including his husband and mom.

    “For me, this has been my sole way of doing business,” Hurst said.

    Billion Dollar Boy, a New York-based influencer marketing agency, has advised creators to download all of their TikTok content into a personal portfolio, which is especially important for those who post primarily on the platform, said Edward East, the agency’s founder and group CEO. This can help them quickly build their audiences elsewhere. Plus it can serve as a resume for brands who might want to partner with them for product advertisements, East said.

    But until the deadline of Jan. 19 comes around, East said creators should continue to post regularly on TikTok, which has 170 million monthly U.S. users and remains highly effective in reaching audiences.

    If the Supreme Court does not delay the ban, as Trump is asking them to do, app stores and internet service providers would be required to stop providing service to TikTok by Jan. 19. That means anyone who doesn’t have TikTok on their phone would be unable to download it. TikTok users would continue to have access, but the prohibitions — which will prevent them from updating the app — will eventually make the app “unworkable,” the Justice Department has said.

    TikTok said in court documents that it estimates a one-month shutdown would cause the platform to lose approximately a third of its daily users in the U.S. The company argues a shutdown, even if temporary, will cause it irreparable harm, a legal bar used by judges to determine whether to put the brakes on a law facing a challenge. In under three weeks, Americans will know if the Supreme Court agrees.

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  • Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

    Founder of failed crypto lending platform Celsius Network pleads guilty to fraud charges

    NEW YORK — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network could face decades in prison after pleading guilty Tuesday to federal fraud charges, admitting that he misled customers about the business.

    Alexander Mashinsky, 58, of Manhattan, entered the plea in New York federal court to commodities and securities fraud.

    He admitted illegally manipulating the price of Celsius’s proprietary crypto token while secretly selling his own tokens at inflated prices to pocket about $48 million before Celsius collapsed into bankruptcy in 2022.

    In court, he admitted that in 2021 he publicly suggested there was regulatory consent for the company’s moves because he knew that customers “would find false comfort” with that.

    And he said that in 2019, he was selling the crypto tokens even though he told the public that he was not. He said he knew customers would draw false comfort from that too.

    “I accept full responsibility for my actions,” Mashinsky said of crimes that stretched from 2018 to 2022 as the company pitched itself to customers as a modern-day bank where they could safely deposit crypto assets and earn interest.

    U.S. Attorney Damian Williams said in a release that Mashinsky “orchestrated one of the biggest frauds in the crypto industry” as his company’s assets purportedly grew to about $25 billion at its peak, making it one of the largest crypto platforms in the world.

    He said Mashinsky used catchy slogans like “Unbank Yourself” to entice prospective customers with a pledge that their money would be as safe in crypto accounts as money would be in a bank. Meanwhile, prosecutors said, Mashinsky and co-conspirators used customer deposits to fund market purchases of the Celsius token to prop up its value.

    Machinsky made tens of millions of dollars selling his own CEL tokens at artificially high prices, leaving his customers “holding the bag when the company went bankrupt,” Williams said.

    An indictment alleged that Mashinsky promoted Celsius through media interviews, his social media accounts and Celsius’ website, along with a weekly “Ask Mashinsky Anything” session broadcast that was posted to Celsius’ website and a YouTube channel.

    Celsius employees from multiple departments who noticed false and misleading statements in the sessions warned Mashinsky, but they were ignored, the indictment said.

    A plea agreement Mashinsky made with prosecutors calls for him to be sentenced to up to 30 years in prison and to forfeit over $48 million, which is the amount of money he allegedly made by selling his company’s token.

    Sentencing was scheduled for April 8.

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  • What is Bluesky, the fast-growing social platform welcoming fleeing X users?

    SAN FRANCISCO — Disgruntled X users are again flocking to Bluesky, a newer social media platform that grew out of the former Twitter before billionaire Elon Musk took it over in 2022. While it remains small compared to established online spaces such as X, it has emerged as an alternative for those looking for a different mood, lighter and friendlier and less influenced by Musk.

    Championed by former Twitter CEO Jack Dorsey, Bluesky was an invitation-only space until it opened to the public in February. That invite-only period gave the site time to build out moderation tools and other features. The platform resembles Musk’s X, with a “discover” feed and a chronological feed for accounts that users follow. Users can send direct messages and pin posts, as well as find “starter packs” that provide a curated list of people and custom feeds to follow.

    Bluesky said in mid-November that its total users surged to 15 million, up from roughly 13 million at the end of October, as some X users look for an alternative platform to post their thoughts and talk to others online. The post-election uptick in users isn’t the first time Bluesky has benefited from people leaving X. The platform gained 2.6 million users in the week after X was banned in Brazil in August — 85% of them from Brazil, the company said. About 500,000 new users signed up in one day in October, when X signaled that blocked accounts would be able to see a user’s public posts.

    Across the platform, new users — among them journalists, left-leaning politicians and celebrities — have posted memes and shared that they were looking forward to using a space free from advertisements and hate speech. Some said it reminded them of the early days of Twitter more than a decade ago.

    Despite Bluesky’s growth, X posted after the election that it had “dominated the global conversation on the U.S. election” and had set new records.

    Bluesky, though, has bigger ambitions than to supplant X. Beyond the platform itself, it is building a technical foundation — what it calls “a protocol for public conversation” — that could make social networks work across different platforms — also known as interoperability — like email, blogs or phone numbers.

    Currently, you can’t cross between social platforms to leave a comment on someone’s account. Twitter users must stay on Twitter and TikTok users must stay on TikTok if they want to interact with accounts on those services. Big Tech companies have largely built moats around their online properties, which helps serve their advertising-focused business models.

    Bluesky is trying to reimagine all of this and working toward interoperability.

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  • Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    (MENAFN– GetNews) ModernLuxury by JennAir has launched a new lifestyle platform at ModernLuxury by JennAir, offering exclusive content on luxury living, celebrity culture, wellness, and fashion. This curated collection provides readers with an elevated experience blending high-end lifestyle and premium narratives.

    Canada – November 12, 2024 – JennAir has introduced ModernLuxury, an exclusive online platform at ModernLuxury by JennAir designed for those passionate about premium lifestyle content. The website delivers a curated mix of articles on celebrity culture, wellness, astrology, fashion, and other high-end lifestyle themes, catering to readers seeking inspiration and insight into luxury living.



    “Our mission with ModernLuxury is to offer an immersive, high-quality lifestyle experience,” said a spokesperson for ModernLuxury.“Each piece is crafted to resonate with individuals who appreciate refined content and aspire to experience luxury in their everyday lives.”

    Curated Content Categories

    ModernLuxury’s latest platform is organized to deliver a seamless, engaging experience across various lifestyle interests, including:

    • Celebrity Culture : Readers can stay up-to-date with the latest in celebrity relationships, personal stories, and other exclusive insights from the lives of high-profile personalities.

    • Astrology and Wellness : The platform provides astrological insights, wellness tips, and advice on living a balanced, fulfilling life that aligns with modern luxury values.

    • Fashion and Style Guides : ModernLuxury showcases style guides, fashion trends, and tips for incorporating elegance into everyday life, making it an essential resource for the fashion-conscious.

    Connecting with a Discerning Audience

    By blending luxury branding with lifestyle storytelling, ModernLuxury creates a unique, aspirational space that connects with readers on multiple levels. The platform’s content reflects the interests of those who value quality and sophistication in their media choices, positioning it as a premier destination for Canadian readers who appreciate a refined lifestyle.

    Future Expansion and Content Development

    ModernLuxury is committed to enhancing the platform with fresh content, expanding its offerings to cover a wider range of interests, and continuing to elevate the reader experience. Plans include developing new series and expanding the existing lifestyle sections to keep the content dynamic and relevant to its sophisticated audience.

    About ModernLuxury

    ModernLuxury by JennAir is an exclusive lifestyle platform offering curated high-end content focused on celebrity culture, wellness, astrology, and fashion. The website combines premium lifestyle narratives with a touch of luxury branding, making it a trusted destination for readers interested in an elevated lifestyle experience.

    For more information, visit .

    MENAFN12112024003238003268ID1108879353


    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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  • Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    (MENAFN– GetNews) ModernLuxury by JennAir has launched a new lifestyle platform at ModernLuxury by JennAir, offering exclusive content on luxury living, celebrity culture, wellness, and fashion. This curated collection provides readers with an elevated experience blending high-end lifestyle and premium narratives.

    Canada – November 12, 2024 – JennAir has introduced ModernLuxury, an exclusive online platform at ModernLuxury by JennAir designed for those passionate about premium lifestyle content. The website delivers a curated mix of articles on celebrity culture, wellness, astrology, fashion, and other high-end lifestyle themes, catering to readers seeking inspiration and insight into luxury living.



    “Our mission with ModernLuxury is to offer an immersive, high-quality lifestyle experience,” said a spokesperson for ModernLuxury.“Each piece is crafted to resonate with individuals who appreciate refined content and aspire to experience luxury in their everyday lives.”

    Curated Content Categories

    ModernLuxury’s latest platform is organized to deliver a seamless, engaging experience across various lifestyle interests, including:

    • Celebrity Culture : Readers can stay up-to-date with the latest in celebrity relationships, personal stories, and other exclusive insights from the lives of high-profile personalities.

    • Astrology and Wellness : The platform provides astrological insights, wellness tips, and advice on living a balanced, fulfilling life that aligns with modern luxury values.

    • Fashion and Style Guides : ModernLuxury showcases style guides, fashion trends, and tips for incorporating elegance into everyday life, making it an essential resource for the fashion-conscious.

    Connecting with a Discerning Audience

    By blending luxury branding with lifestyle storytelling, ModernLuxury creates a unique, aspirational space that connects with readers on multiple levels. The platform’s content reflects the interests of those who value quality and sophistication in their media choices, positioning it as a premier destination for Canadian readers who appreciate a refined lifestyle.

    Future Expansion and Content Development

    ModernLuxury is committed to enhancing the platform with fresh content, expanding its offerings to cover a wider range of interests, and continuing to elevate the reader experience. Plans include developing new series and expanding the existing lifestyle sections to keep the content dynamic and relevant to its sophisticated audience.

    About ModernLuxury

    ModernLuxury by JennAir is an exclusive lifestyle platform offering curated high-end content focused on celebrity culture, wellness, astrology, and fashion. The website combines premium lifestyle narratives with a touch of luxury branding, making it a trusted destination for readers interested in an elevated lifestyle experience.

    For more information, visit .

    MENAFN12112024003238003268ID1108879353


    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

    Source link

  • Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    (MENAFN– GetNews) ModernLuxury by JennAir has launched a new lifestyle platform at ModernLuxury by JennAir, offering exclusive content on luxury living, celebrity culture, wellness, and fashion. This curated collection provides readers with an elevated experience blending high-end lifestyle and premium narratives.

    Canada – November 12, 2024 – JennAir has introduced ModernLuxury, an exclusive online platform at ModernLuxury by JennAir designed for those passionate about premium lifestyle content. The website delivers a curated mix of articles on celebrity culture, wellness, astrology, fashion, and other high-end lifestyle themes, catering to readers seeking inspiration and insight into luxury living.



    “Our mission with ModernLuxury is to offer an immersive, high-quality lifestyle experience,” said a spokesperson for ModernLuxury.“Each piece is crafted to resonate with individuals who appreciate refined content and aspire to experience luxury in their everyday lives.”

    Curated Content Categories

    ModernLuxury’s latest platform is organized to deliver a seamless, engaging experience across various lifestyle interests, including:

    • Celebrity Culture : Readers can stay up-to-date with the latest in celebrity relationships, personal stories, and other exclusive insights from the lives of high-profile personalities.

    • Astrology and Wellness : The platform provides astrological insights, wellness tips, and advice on living a balanced, fulfilling life that aligns with modern luxury values.

    • Fashion and Style Guides : ModernLuxury showcases style guides, fashion trends, and tips for incorporating elegance into everyday life, making it an essential resource for the fashion-conscious.

    Connecting with a Discerning Audience

    By blending luxury branding with lifestyle storytelling, ModernLuxury creates a unique, aspirational space that connects with readers on multiple levels. The platform’s content reflects the interests of those who value quality and sophistication in their media choices, positioning it as a premier destination for Canadian readers who appreciate a refined lifestyle.

    Future Expansion and Content Development

    ModernLuxury is committed to enhancing the platform with fresh content, expanding its offerings to cover a wider range of interests, and continuing to elevate the reader experience. Plans include developing new series and expanding the existing lifestyle sections to keep the content dynamic and relevant to its sophisticated audience.

    About ModernLuxury

    ModernLuxury by JennAir is an exclusive lifestyle platform offering curated high-end content focused on celebrity culture, wellness, astrology, and fashion. The website combines premium lifestyle narratives with a touch of luxury branding, making it a trusted destination for readers interested in an elevated lifestyle experience.

    For more information, visit .

    MENAFN12112024003238003268ID1108879353


    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

    Source link

  • Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    (MENAFN– GetNews) ModernLuxury by JennAir has launched a new lifestyle platform at ModernLuxury by JennAir, offering exclusive content on luxury living, celebrity culture, wellness, and fashion. This curated collection provides readers with an elevated experience blending high-end lifestyle and premium narratives.

    Canada – November 12, 2024 – JennAir has introduced ModernLuxury, an exclusive online platform at ModernLuxury by JennAir designed for those passionate about premium lifestyle content. The website delivers a curated mix of articles on celebrity culture, wellness, astrology, fashion, and other high-end lifestyle themes, catering to readers seeking inspiration and insight into luxury living.



    “Our mission with ModernLuxury is to offer an immersive, high-quality lifestyle experience,” said a spokesperson for ModernLuxury.“Each piece is crafted to resonate with individuals who appreciate refined content and aspire to experience luxury in their everyday lives.”

    Curated Content Categories

    ModernLuxury’s latest platform is organized to deliver a seamless, engaging experience across various lifestyle interests, including:

    • Celebrity Culture : Readers can stay up-to-date with the latest in celebrity relationships, personal stories, and other exclusive insights from the lives of high-profile personalities.

    • Astrology and Wellness : The platform provides astrological insights, wellness tips, and advice on living a balanced, fulfilling life that aligns with modern luxury values.

    • Fashion and Style Guides : ModernLuxury showcases style guides, fashion trends, and tips for incorporating elegance into everyday life, making it an essential resource for the fashion-conscious.

    Connecting with a Discerning Audience

    By blending luxury branding with lifestyle storytelling, ModernLuxury creates a unique, aspirational space that connects with readers on multiple levels. The platform’s content reflects the interests of those who value quality and sophistication in their media choices, positioning it as a premier destination for Canadian readers who appreciate a refined lifestyle.

    Future Expansion and Content Development

    ModernLuxury is committed to enhancing the platform with fresh content, expanding its offerings to cover a wider range of interests, and continuing to elevate the reader experience. Plans include developing new series and expanding the existing lifestyle sections to keep the content dynamic and relevant to its sophisticated audience.

    About ModernLuxury

    ModernLuxury by JennAir is an exclusive lifestyle platform offering curated high-end content focused on celebrity culture, wellness, astrology, and fashion. The website combines premium lifestyle narratives with a touch of luxury branding, making it a trusted destination for readers interested in an elevated lifestyle experience.

    For more information, visit .

    MENAFN12112024003238003268ID1108879353


    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

    Source link

  • Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    Modernluxury By Jennair Unveils Exclusive Lifestyle Platform For High-End Content

    (MENAFN– GetNews) ModernLuxury by JennAir has launched a new lifestyle platform at ModernLuxury by JennAir, offering exclusive content on luxury living, celebrity culture, wellness, and fashion. This curated collection provides readers with an elevated experience blending high-end lifestyle and premium narratives.

    Canada – November 12, 2024 – JennAir has introduced ModernLuxury, an exclusive online platform at ModernLuxury by JennAir designed for those passionate about premium lifestyle content. The website delivers a curated mix of articles on celebrity culture, wellness, astrology, fashion, and other high-end lifestyle themes, catering to readers seeking inspiration and insight into luxury living.



    “Our mission with ModernLuxury is to offer an immersive, high-quality lifestyle experience,” said a spokesperson for ModernLuxury.“Each piece is crafted to resonate with individuals who appreciate refined content and aspire to experience luxury in their everyday lives.”

    Curated Content Categories

    ModernLuxury’s latest platform is organized to deliver a seamless, engaging experience across various lifestyle interests, including:

    • Celebrity Culture : Readers can stay up-to-date with the latest in celebrity relationships, personal stories, and other exclusive insights from the lives of high-profile personalities.

    • Astrology and Wellness : The platform provides astrological insights, wellness tips, and advice on living a balanced, fulfilling life that aligns with modern luxury values.

    • Fashion and Style Guides : ModernLuxury showcases style guides, fashion trends, and tips for incorporating elegance into everyday life, making it an essential resource for the fashion-conscious.

    Connecting with a Discerning Audience

    By blending luxury branding with lifestyle storytelling, ModernLuxury creates a unique, aspirational space that connects with readers on multiple levels. The platform’s content reflects the interests of those who value quality and sophistication in their media choices, positioning it as a premier destination for Canadian readers who appreciate a refined lifestyle.

    Future Expansion and Content Development

    ModernLuxury is committed to enhancing the platform with fresh content, expanding its offerings to cover a wider range of interests, and continuing to elevate the reader experience. Plans include developing new series and expanding the existing lifestyle sections to keep the content dynamic and relevant to its sophisticated audience.

    About ModernLuxury

    ModernLuxury by JennAir is an exclusive lifestyle platform offering curated high-end content focused on celebrity culture, wellness, astrology, and fashion. The website combines premium lifestyle narratives with a touch of luxury branding, making it a trusted destination for readers interested in an elevated lifestyle experience.

    For more information, visit .

    MENAFN12112024003238003268ID1108879353


    Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

    Source link

  • Trending Now: Zomato, Swiggy Face Backlash After Raising Platform Fee To Rs 10

    Trending Now: Zomato, Swiggy Face Backlash After Raising Platform Fee To Rs 10

    Food delivery applications like Swiggy and Zomato have become an inevitable part of our lives. However, it seems foodies are not too happy with a recent change introduced by both platforms. As per reports, Zomato and Swiggy have increased the platform fee to ₹10 amid the ongoing festive rush. But this decision has not gone over well with customers. On the microblogging platform X (formerly known as Twitter), the revised platform fee sparked widespread outrage. Many users voiced their frustration, highlighting how food delivery charges have been steadily increasing. They pointed out that the rising costs are making it difficult for customers to continue ordering, as it has become too expensive.

    A user wrote, “Swiggy Also Increased Platform Fee To ₹10. This Happened Right After Zomato’s Hike. Food Ordering Started With Free Delivery, Now GST, Delivery & Packing Charges, Platform Fee. Zomato & Swiggy Does 3.5 Million Orders Daily.”

    Also Read:Swiggy Introduces New ‘Seal’ Badge To Identify Restaurants Following Food Hygiene And Quality Standards

    Another person said, “Zomato hikes platform fee! Pay an inflated cost of food to use the platform. Pay a platform fee to use the platform. Restaurants pay a fee to use the platform. And finally, pay with your health by eating outside food. What an idea sirjee.”

    “Zomato honey we’re all struggling but please behave yourself what is festive season platform fee,” read a post.

    A user announced, “Just a day after Zomato increased platform fees to Rs 10, Swiggy follows suit.”

    Many noted, “Zomato and Swiggy hiked their platform fee to ₹10 during festive season.”

    Also Read:Zomato CEO Deepinder Goyal Shares Unpleasant Food Delivery Experience In Gurugram Mall

    A post read, “Both Zomato and Swiggy have hiked their platform fees to ₹10 per order, just in time for the festive rush. They both started with a ₹2 fee and now process over 3.5 million orders daily combined! Food delivery has evolved from free services to GST, delivery & packing charges, and now platform fees.”

    An X user mentioned, “#Swiggy and #Zomato have both started charging a ₹10 platform fee. I was surprised to see the steep jump from ₹6 to ₹10 on Swiggy, which will surely boost Zomato’s profits in the next quarter. However, after checking Zomato, I realized this increase is temporary, likely to capitalize on the festive season demand. Nevertheless, these tech-driven, asset-light platforms continue to generate substantial profits.”

    What are your thoughts on this increase in platform fees? Share your opinions in the comments section below.



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  • TikTok was aware of risks kids and teens face on its platform, legal document alleges

    TikTok was aware of risks kids and teens face on its platform, legal document alleges

    TikTok was aware that its design features are detrimental to its young users and that publicly touted tools aimed at limiting kids’ time on the site were largely ineffective, according to internal documents and communications exposed in lawsuit filed by the state of Kentucky.

    The details are among redacted portions of Kentucky’s lawsuit that contains the internal communications and documents unearthed during a more than two year investigation into the company by various states across the country.

    Kentucky’s lawsuit was filed this week, alongside separate complaints brought forth by attorneys general in a dozen states as well as the District of Columbia. TikTok is also facing another lawsuit from the Department of Justice and is itself suing the Justice Department over a federal law that could ban it in the U.S. by mid-January.

    The redacted information — which was inadvertently revealed by Kentucky’s attorney general’s office and first reported by Kentucky Public Radio — touches on a range of topics, most importantly the extent to which TikTok knew how much time young users were spending on the platform and how sincere it was when rolling out tools aimed at curbing excessive use.

    Beyond TikTok use among minors, the complaint alleges the short-form video sharing app has prioritized “beautiful people” on its platform and has noted internally that some of the content-moderation metrics it has publicized are “largely misleading.”

    The unredacted complaint, which was seen by The Associated Press, was sealed by a Kentucky state judge on Wednesday after state officials filed an emergency motion to seal it.

    When reached for comment, TikTok spokesperson Alex Haurek said: “It is highly irresponsible of the Associated Press to publish information that is under a court seal. Unfortunately, this complaint cherry-picks misleading quotes and takes outdated documents out of context to misrepresent our commitment to community safety.”

    “We have robust safeguards, which include proactively removing suspected underage users, and we have voluntarily launched safety features such as default screentime limits, family pairing, and privacy by default for minors under 16,” Haurek said in a prepared statement. “We stand by these efforts.”

    The complaint alleges that TikTok has quantified how long it takes for young users to get hooked on the platform, and shared the findings internally in presentations aimed at increasing user-retention rates. The “habit moment,” as TikTok calls it, occurs when users have watched 260 videos or more during the first week of having a TikTok account. This can happen in under 35 minutes since some TikTok videos run as short as 8 seconds, the complaint says.

    Kentucky’s lawsuit also cites a spring 2020 presentation from TikTok that concluded that the platform had already “hit a ceiling” among young users. At that point, the company’s estimates showed at least 95% of smartphone users under 17 used TikTok at least monthly, the complaint notes.

    TikTok tracks metrics for young users, including how long young users spend watching videos and how many of them use the platform every day. The company uses the information it gleans from these reviews to feed its algorithm, which tailors content to people’s interests, and drives user engagement, the complaint says.

    TikTok does its own internal studies to find out how the platform is impacting users. The lawsuit cites one group within the company, called “TikTank,” which noted in an internal report that compulsive usage was “rampant” on the platform. It also quotes an unnamed executive who said kids watch TikTok because the algorithm is “really good.”

    “But I think we need to be cognizant of what it might mean for other opportunities. And when I say other opportunities, I literally mean sleep, and eating, and moving around the room, and looking at somebody in the eyes,” the unnamed executive said, according to the complaint.

    TikTok has a 60-minute daily screen time limit for minors, a feature it rolled out in March 2023 with the stated aim of helping teens manage their time on the platform. But Kentucky’s complaint argues that the time limit — which users can easily bypass or disable — was intended more as a public relations tool than anything else.

    The lawsuit says TikTok measured the success of the time limit feature not by whether it reduced the time teens spent on the platform, but by three other metrics — the first of which was “improving public trust in the TikTok platform via media coverage.”

    Reducing screen time among teens was not included as a success metric, the lawsuit said. In fact, it alleged the company had planned to “revisit the design” of the feature if the time-limit feature had caused teens to reduce their TikTok usage by more than 10%.

    TikTok ran an experiment and found the time-limit prompts shaved off just a minute and a half from the average time teens spent on the app — from 108.5 to 107 minutes per day, according to the complaint. But despite the lack of movement, TikTok did not try to make the feature more effective, Kentucky officials say. They allege the ineffectiveness of the feature was, in many ways, by design.

    The complaint says a TikTok executive named Zhu Wenjia gave approval to the feature only if its impact on TikTok’s “core metrics” were minimal.

    TikTok — including its CEO Shou Chew — have talked about the app’s various time management tools, including videos TikTok sends users to encourage them to get off the platform. But a TikTok executive said in an internal meeting those videos are “useful” talking points, but are “not altogether effective.”

    In a section that details the negative impacts TikTok’s facial filters can have on users, Kentucky alleges that TikTok’s algorithm has “prioritized beautiful people” despite knowing internally that content on the platform could “perpetuate a narrow beauty norm.”

    The complaint alleges TikTok changed its algorithm after an internal report noted the app was showing a high “volume of … not attractive subjects” in the app’s main “For You” feed.

    “By changing the TikTok algorithm to show fewer ‘not attractive subjects’ in the For You feed, Defendants took active steps to promote a narrow beauty norm even though it could negatively impact their young users,” the complaint says.

    The lawsuit also takes aim at TikTok’s content-moderation practices.

    It cites internal communication where the company notes its moderation metrics are “largely misleading” because “we are good at moderating the content we capture, but these metrics do not account for the content that we miss.”

    The complaint notes that TikTok knows it has — but does not disclose — significant “leakage” rates, or content that violates the site’s community guidelines but is not removed or moderated. Other social media companies also face similar issues on their platforms.

    For TikTok, the complaint notes the “leakage” rates include roughly 36% of content that normalizes pedophilia and 50% of content that glorifies minor sexual assault.

    The lawsuit also accuses the company of misleading the public about its moderation and allowing some popular creators who were deemed to be “high value” to post content that violates the site’s guidelines.

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