Tuesday, July 25, 2023

Instagram expands Subscriptions feature to more countries

Instagram is expanding its Subscription feature to 10 new countries including Canada, UK, France, Japan, and Mexico. Creators can charge a monthly fee for subscriber-only content, use story stickers and go live with their paid users. Instagram has also launched a new feature which will enable users to create Reels with templates. Users can search through various templates and sort by category, popularity and recommendation. Templates or audio saved by users will also show up. The browser can be accessed through the Reels tab or by clicking on the create button and selecting the Reel option. https://ift.tt/H5tEBY3

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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...