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TikTok Launches its Snapchat-Like Stories to More Users 🤳
Video-focused social networking platform TikTok is continuing to experiment with its Snapchat-like stories feature by rolling out the feature to a larger group of users. If you have received the feature, you’ll get a new banner upon launching the app encouraging you to create a story.
TikTok noted saying “Currently, we’re expanding a pilot test, which provides creators with additional formats to bring their creative ideas to life for the TikTok community.” However, the company did not specify the number of users included in the test.
The feature called ‘TikTok Stories’ works similarly to other stories featured on apps like Snapchat and Instagram.
Stories live in a newly added slide-over sidebar, where a user will be able to see stories posted by other accounts followed by them on TikTok for 24 hours before they’re automatically deleted.
To post a story, you have to click on the ‘post’ button on the bottom center navigation bar of the app. Next, you have to scroll to a quick camera more, which allows you to post a photo or a video to your story.
Amazon And MGM Movie Studio Close Merger Deal 🤝
Amazon has announced the closure of a nearly $8.5 billion deal to buy film and television studio MGM.
The two companies have officially announced that MGM is now a part of Prime Video and Amazon Studios — confirming the merger that was first announced in May 2021.
Amazon’s decision to close the deal comes after a deadline passed for the U.S. Federal Trade Commission to challenge the deal.
In a statement, Amazon said, “The storied, nearly century-old studio—with more than 4,000 film titles, 17,000 TV episodes, 180 Academy Awards, and 100 Emmy Awards—will complement Prime Video and Amazon Studios’ work in delivering a diverse offering of entertainment choices to customers.”
Amazon said that it would welcome all the employees of MGM to the company and will work with its leadership team, indicating there wouldn’t be any layoffs.
The acquisition of the entertainment giant should help bolster Amazon’s existing Prime Video library. Moreover, the addition of MGM’s massive collection may also help Amazon’s streaming service get a competitive advantage over HBO Max, Netflix, Disney, among other streaming services.
Coinbase Rolls Out Crypto Wallet Support 🦸♂ For Solana
Cryptocurrency exchange platform Coinbase has added wallet support for Solana (SOL) and its Solana token (SPL) on its wallet browser extension.
The expansion of wallet support comes just a few days after Coinbase launched Coinbase Pay, a feature that enables users to fund their wallets directly via a web browser extension.
Coinbase has said that rising interest in Solana over the past year is the main reason behind adding support to the network.
Solana and Solana program library (SPL) tokens are the first non-Ethereum compatible crypto assets on the Coinbase wallet.
Before adding Solana, the Coinbase Wallet extension supported Ethereum, Avalanche, Polygon, BNB Chain, Bitcoin, Litecoin, Dogecoin, Stellar Lumens, and the Ripple network.
By adding Solana support, Coinbase is positioning its wallet as a competitor to other leading Solana wallets like Phantom and Solflare.
Although Coinbase wallet has added support for SOL and SPL tokens, it still does not allow users to manage Solana NFTs directly within the wallet.
Also, Solana tokens will only be visible through the Coinbase wallet browser extension at launch, and the Coinbase Wallet mobile app won’t display them.
Grocery Delivery Platform Getir Raises $768 Million in Series E 💰
Getir, an instant grocery delivery platform, has raised $768 million in its Series E funding round at a valuation of $11.8 billion.
The funding was led by Mubadala Investment Company and also saw participation from other investors, including Abu Dhabi Growth Fund (ADG), Sequoia Capital, Alpha Wave Global, and Tiger Global.
Founded in 2015 by Nazım Salur, Getir is a Turkish rapid grocery delivery platform offering an on-demand ‘ultrafast’ delivery service for grocery items along with a courier service for restaurant food deliveries.
The startup has revolutionized last-mile delivery with its 10-minute grocery delivery proposition offering approximately 2,000 everyday items to its customers in minutes, 7 days a week, day and night.
The company operates in more than 80 cities of Turkey and also has its operations in the UK, Netherlands, Germany, France, Spain, Italy, Portugal, and United States.
Getir plans to use the fresh proceeds to further support its rapid growth within the countries in which it operates, hire more employees, and position itself as a sector leader.
Around the Web 🌐
Meta is Testing Tools to Give Advertisers Control Over Feed Ad Placements: Meta will begin testing new content tools that are designed to give advertisers more power over where their ads are displayed on both Facebook and Instagram feeds. The company is also partnering with brand suitability platform Zefr to enable advertisers to prevent their ads from being placed next to unsuitable content, such as posts about politics, tragedy, or violence.
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