‘Thread’ing those limits | JOMO for 4th Jul
In today’s JOMO: Flipkart gets into lending, Musk stays random and Instagram’s Twitter competitors is launching, soon
🗞In the news
Threads, Instagram’s Twitter competitor, is expected July 6
It’s a good time for Instagram to enter the fray — this past weekend, as Twitter fumbled the bag with rate-limit errors, competitors like Spill, Bluesky and Post saw significant growth.
TC: https://techcrunch.com/2023/07/03/threads-instagrams-twitter-competitor-is-expected-july-6/
Timing, if ever there was one. Musk, thank you for the painful one year with Twitter news. Speaking of which
Elon Musk imposes daily limits on reading posts on Twitter
Musk elaborated on the limits Saturday, saying unverified accounts will temporarily be restricted to reading 600 posts per day, while verified accounts will be able to scroll through up to 6,000. After facing backlash, he tweeted that the thresholds would be raised to 800 posts for unverified accounts and 8,000 for verified accounts before later settling on 1,000 and 10,000 tweets, respectively.
Mr. Randomness Pro Max. Would be a torture working with him.
🤩New products, features, launches
India’s Flipkart begins customer lending in bid to boost sales
The Walmart-owned Bengaluru-headquartered firm, in partnership with lender Axis Bank, is extending a credit of up to 500,000 Indian rupees, or $6,100, according to a description on its app.
TC: https://techcrunch.com/2023/07/03/flipkart-begins-lending-to-drive-sales/
🤔Interesting read
So where are we all supposed to go now?
An era of the internet is ending. Twitter has been on a steep and seemingly inexorable decline for, well, years, but especially since Elon Musk bought the company last fall and made a mess of the place. Reddit has spent the last couple of months self-immolating in similar ways. TikTok remains ascendent — and looks ever more likely to be banned in some meaningful way. Instagram has turned into an entertainment platform; nobody’s on Facebook anymore.
Verge: https://www.theverge.com/2023/7/3/23782607/social-web-public-apps-end-reddit-twitter-mastodon
Good question, no real answers. Advertisers will find it difficult where to spend
Mukesh Ambani seeks winning edge over Disney in India’s streaming battle
JioCinema attracted more than 400mn viewers to its streams of the Indian Premier League cricket tournament in April and May. It has bought the rights to shows and films made by global networks NBC, HBO and Warner Bros. Ambani is making most of it available for free, sparking a price war in India’s fast-growing streaming market. “It’s just the beginning of the disruptions,” one person familiar with JioCinema’s strategy said.
FT: https://www.ft.com/content/ece39430-06fd-4813-b217-18cca8db9b96
You might hit a paywall on this. Google the title and the 1st link should work
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