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☆ Why 7 prominent VCs are investing millions in new social startups like Diem, Lex, and 222
▼ + stars: | 2024-03-01 | by ( Sydney Bradley | Marta Biino | ) www.businessinsider.com time to read: +8 min

Mervana Parekh is a principal at Acrew and has invested in social startups like Diem, Afterparty, and Anything World. Best Nights VC. Nichols is a founding managing partner at MaC, which recently invested in social startups like Spill and Swsh. Boyce has backed a slew of new social startups, including Diem, Lex, Koodos Labs, and Swsh, alongside associate Rhian Horton. In 2024, Best Nights is looking to invest in companies that facilitate travel experiences after hearing people say their best nights have happened during trips or vacations, said de Silva.

Persons: —, Connie Chan, Mervana Parekh, Peter Boyce II, Marlon Nichols, Catalyst, Web3, Peter, Diem, Afterparty, Lorrain de Silva, Andrew Kahn, Miley Cyrus, Lorde, Kahn, Aaron Matusow, Dan Kruchkow, Nichols, Elizabeth Weil, Kevin Weil, John Smothers, Boyce, Lex, Rhian Horton, Lorrain, Silva, BestNights, Aaron Leithäuser, Gen Z, Peter Boyce, de Silva, Acrew Organizations: Service, Business, Acrew, Stellation, MaC Venture, VCs, Stanford University, Startup, Pudgy Penguins, Crush Ventures, VC, Crush, MaC Venture Capital, MaC, Catalyst, Koodos Labs, Big Tech Locations: 1kx, San Francisco , New York, Lisbon, Acrew, San Francisco, Berlin, Los Angeles and New York, Los Angeles, New York, Rythm

☆ Premarket stocks: Retailers warn Wall Street to expect less shopping this year
▼ + stars: | 2024-03-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Lowe’s: The home improvement giant projected total sales of $84 billion to $85 billion for 2024 in fourth-quarter results reported on Tuesday. Mortgage rates edge closer to 7%, dampening start of spring homebuying seasonUS mortgage rates climbed for the fourth week in a row, inching closer to 7% just as peak homebuying season gets underway, reports my colleague Anna Bahney. “Mortgage rates continued their ascent this week, reaching a two-month high and flirting with 7% yet again,” said Sam Khater, Freddie Mac’s chief economist, in a statement. Since reaching a 20-year high of 7.79% in October, mortgage rates have been slowly falling. But in recent weeks, as the market absorbs expectations that the Federal Reserve will not cut its benchmark lending rate until later this year, mortgage rates have trended higher.

Persons: they’re, ”, Marvin Ellison, Macy’s, Tony Spring, Corie Barry, ’, ” Barry, Diksha Madhok, Hanna Ziady, “, Thamashi De Silva, Knight Frank, Read, Anna Bahney, Freddie Mac, Sam Khater, Freddie Mac’s, Khater Organizations: CNN Business, Bell, New York CNN — Companies, Federal Reserve, Commerce Department, United States’s, Gross, Capital Economics, “ Locations: New York, That’s, India

☆ India GDP: Country’s economy ended 2023 ‘with a bang’ as growth surged to 8.4%
▼ + stars: | 2024-02-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

Gross domestic product in India surged 8.4% in the final three months of 2023 compared with a year prior, up from growth of 7.6% in the June-to-September period, the country’s statistics office said Thursday. The latest rise is much stronger than analysts expected and means India’s economy “ended last year with a bang,” Thamashi De Silva, assistant India economist at Capital Economics, wrote in a note. “That pace of growth was the strongest among major economies last quarter,” she said, also noting that in 2023 as a whole GDP grew 7.7%. Analysts at Jefferies expect the country to become the world’s third-largest economy by 2027, up from fifth currently. But “any slowdown in growth will be mild, particularly as the government’s infrastructure drive is likely to prop up activity,” she added.

Persons: “, Thamashi De Silva, ”, Narendra Modi, Elon Musk, India “, Modi, ” Musk, De Silva Organizations: London CNN, Gross, Capital Economics, Monetary Fund, Jefferies, Apple Locations: India, China, Washington, Beijing

☆ Exclusive: Venezuela close to approving offshore gas license with Trinidad, Shell
▼ + stars: | 2023-11-20 | by ( Curtis Williams | ) www.reuters.com time to read: +4 min

The installations of liquified natural gas producer Atlantic LNG are pictured in Point Fortin, Trinidad and Tobago, December 10, 2022. REUTERS/Andrea De Silva/File Photo Acquire Licensing RightsNov 20 (Reuters) - Venezuela is close to approving a license for Shell (SHEL.L) and the National Gas Company of Trinidad and Tobago to develop a promising offshore natural gas field and export its production to the Caribbean country, two people close to the matter said. The license could set in motion a long-running effort by Trinidad to boost its gas processing and petrochemical exports, while providing Venezuela with a much-needed extra source of cash. Venezuela, which holds Latin America's biggest gas reserves, and neighboring Trinidad, the region's largest liquefied natural gas (LNG) exporter, would complement each other's needs to produce and export gas. Trinidad and Tobago has the capacity to process 4.2 billion cubic feet per day (bcfd) into LNG, petrochemicals and power, but its gas production is about 2.7 bcfd.

Persons: Andrea De Silva, PDVSA, Stuart Young, Curtis William, Marianna Parraga, Marguerita Choy Organizations: Atlantic, REUTERS, Shell, National Gas Company, U.S, Trinidad's Energy, NGC, Thomson Locations: Point Fortin, Trinidad and Tobago, Venezuela, Caribbean, Trinidad, U.S, Venezuela's, Caracas, Trinidad ., Guiria, Houston

☆ Herat, Afghanistan earthquake: Aid group warns devastation 'worse than we imagined'
▼ + stars: | 2023-10-09 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

The 6.3 magnitude earthquake struck on Saturday 25 miles (40 kilometers) west of Herat city in the western Herat province – the third largest in Afghanistan. The world must not look away now.”A badly destroyed house, one of thousands across Herat province in western Afghanistan. UNICEF teams on the ground are calling for more urgent action and aid for families devastated by the latest earthquake. UNICEF“We will make every effort to bring quick relief to those affected,” said Fran Equiza, its representative in Afghanistan. International aid groups have said their ability to respond to calls during major disasters was heavily hampered by the Taliban’s takeover and called for more urgent global aid but only a handful of countries have publicly offered support.

Persons: ”, Thamindri de Silva, de Silva, ” “, ” de Silva, Mark Calder, “, MUHAMMAD BALABULUKI, Stéphane Dujarric, ” Dujarric, António Guterres, UNICEF “, Fran Equiza, Zabihullah Mujahid Organizations: CNN — International, World, CNN, Getty Images UN, UN, UNICEF, Sunday, Bank Locations: Afghanistan, Herat, Herat province –, Kabul, ”, AFP, Washington, Khost, Pakistan, Neighboring China

ISLAMABAD (AP) — A senior Taliban delegation was visiting western Afghanistan’s Herat province on Monday in the aftermath of the powerful earthquake that killed at least 2,000 people over the weekend and flattened entire villages, a statement said. Aid agencies and nongovernmental groups have appealed for the international community to come forward but only a handful of countries have publicly offered support, including neighboring China and Pakistan. “CARE is deeply saddened by the devastating earthquake that struck the western province of Herat," said Reshma Azmi, the group's deputy director for Afghanistan. "This comes less than seven months after another powerful earthquake hit the country, leaving thousands homeless and displaced.”Azimi was referring to the magnitude 6.5 earthquake in March that struck much of Pakistan and neighboring Afghanistan. In neighboring Pakistan, the government held a special session to review aid for Afghanistan, including relief teams, food items and medicines, as well as tents and blankets.

Persons: —, Abdul Ghani Baradar, Reshma Azmi, Azimi, “, ”, Thamindri de Silva, Irfanullah Organizations: Taliban, Geological Survey, Aid, CARE USA, CARE International, CARE, Afghan Red Crescent Society Locations: ISLAMABAD, Herat, Kabul, The U.S, Afghanistan, Israel, Gaza, China, Pakistan

☆ Sri Lanka omit injured Hasaranga and Chameera for World Cup
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +1 min

COLOMBO, Sept 26 (Reuters) - Dasun Shanaka will lead a depleted Sri Lanka at the 50-overs World Cup in India after fast bowler Dushmantha Chameera and all-rounder Wanindu Hasaranga were left out of the 15-member squad on Tuesday. Chameera sustained a pectoral muscle injury during the Lanka Premier League last month, while Hasaranga picked up a hamstring injury that kept him out of the Asia Cup where Sri Lanka lost to India in the final. "Wanindu Hasaranga has not been included in the 15-member squad as the player is still in the process of recovering from an injury," Sri Lanka Cricket said in a statement. Sri Lanka have called up leg-spinning all-rounder Dushan Hemantha, while Chamika Karunaratne will be the travelling reserve player. The team leaves for India later on Tuesday and begin their World Cup campaign against South Africa on Oct. 7.

Persons: Dushmantha Chameera, Wanindu Hasaranga, Chameera, Hasaranga, Hemantha, Chamika, Dasun Shanaka, Kusal Mendis, Kusal Perera, Pathum, Dimuth, Sadeera, Charith, Dhananjaya de Silva, Dushan, Maheesh, Dunith, Kasun, Matheesha, Lahiru Kumara, Dilshan, Amlan Chakraborty, Christian Radnedge Organizations: Lanka Premier League, Asia, Sri, Sri Lanka Cricket, South, Thomson Locations: COLOMBO, Sri Lanka, India, South Africa, New Delhi

☆ Ruthless India rout Sri Lanka to win Asia Cup as paceman Siraj shines
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +3 min

Hardik Pandya bagged three wickets while Jasprit Bumrah claimed one as Sri Lanka registered their second lowest total in one-day internationals, lasting only 92 balls. India needed 6.1 overs to achieve the target for a timely boost before their home World Cup beginning next month. "It's like a dream," Siraj, who became only the fourth bowler to take four wickets in an over in ODIs, said after the Sri Lanka innings. "I got four early wickets last time I played Sri Lanka (earlier this year) but unfortunately I could not register a five-wicket haul. Bumrah removed Kusal Perera in the first over to trigger a collapse and the Sri Lanka batters looked helpless as Siraj breathed fire with the new ball.

Persons: Mohammed Siraj, Siraj, Pathum Nissanka, Sadeera, Charith, Dhananjaya de Silva, Hardik Pandya, Jasprit Bumrah, Kusal Perera, Kusal Mendis, Dushan Hemanta, Rohit Sharma, Ishan Kishan, Shubman Gill, Kishan, Gill, Chris Silverwood bemoaned, Amlan Chakraborty, Ken Ferris Organizations: Asia, Sri Lanka, Sri, Thomson Locations: COLOMBO, India, Sri Lanka, Australia, Chennai, New Delhi

☆ Sri Lanka's Theekshana out of Asia Cup final due to injury
▼ + stars: | 2023-09-16 | by ( ) www.reuters.com time to read: +1 min

Sept 16 (Reuters) - Sri Lanka spinner Maheesh Theekshana will miss the Asia Cup final against India after sustaining a hamstring injury during their win over Pakistan, the country's cricket board (SLC) said on Saturday. He bowled three more overs before being helped off the field during Sri Lanka's thrilling two-wicket win on Thursday. "If we didn't have a World Cup coming up, we would have somehow tried to get him ready for tomorrow's match. Washington Sundar is expected to join the India squad as cover for Axar Patel after the all-rounder sustained an injury in Friday's six-run loss to Bangladesh, cricket website Cricbuzz reported. He is expected to re-join the Asian Games camp after the Asia Cup final, the Cricbuzz report said.

Persons: Maheesh Theekshana, Sahan Arachchige, Arjuna de Silva, Washington Sundar, Axar Patel, Cricbuzz, Sundar, Hritika Sharma, Kim Coghill Organizations: Asia, India, Pakistan, ESPN, Asian Games, Thomson Locations: Sri Lanka, Colombo, India, Washington, Friday's, Bangladesh, Hangzhou, Hyderabad

☆ India in Asia Cup final after beating Sri Lanka
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +3 min

Dunith Wellalage (5-40) wrecked India's top order while Charith Asalanka (4-18) mowed down the tail to restrict India to a below-par total. "It was a good game," India captain Rohit Sharma said after their victory. The target was modest but Sri Lanka were soon grappling with a collapse of their own. Kuldeep Yadav (4-43) struck in successive overs and Ravindra Jadeja removed home captain Dasun Shanaka to reduce Sri Lanka to 99-6. Wellalage and de Silva combined in a 63-run partnership to revive Sri Lanka but once Jadeja separated them, Sri Lanka collapsed in a heap.

Persons: India's Rohit Sharma, Peter Cziborra, Dunith Wellalage, Charith Asalanka, Sri Lanka's, Dhananjaya de Silva, Rohit Sharma, Rohit, Shubman Gill, Wellalage, Virat Kohli, Kohli, Ishan Kishan, Asalanka, Axar Patel's, Jasprit Bumrah, Kuldeep Yadav, Ravindra Jadeja, Dasun Shanaka, de Silva, Amlan Chakraborty, Toby Davis Organizations: Trent, Rights, Asia, Sri Lanka, Sri, Pakistan, 241st, KL, Thomson Locations: England, India, Nottingham, Britain, Pakistan, Lanka, Sri Lanka, New Delhi

☆ India’s economy grows at fastest pace in a year
▼ + stars: | 2023-08-31 | by ( ) edition.cnn.com time to read: +2 min

India’s economy grew at its quickest pace in a year in the April-June quarter, buoyed by strong services activity and robust demand, but a drier than normal monsoon season could restrain future growth. India’s Chief Economic Adviser V. Anantha Nageswaran maintained his 6.5% growth forecast for the full year. Thamashi De Silva at Capital Economics said India’s GDP data was strong despite policy tightening by the Reserve Bank of India. Food prices climbIndia’s retail inflation in July rose to its highest in 15 months as vegetable and cereals prices skyrocketed. “High food inflation for a prolonged period could weigh on consumption growth,” said Rajani Sinha, Chief Economist, CareEdge Ratings.

Persons: Anantha Nageswaran, ” Nageswaran, Thamashi De Silva, ”, Madan Sabnavis, “, Suvodeep Rakshit, Nageswaran, Rajani Sinha Organizations: Gross, Capital Economics, Reserve Bank of India, Bank of Baroda Locations: India

☆ Triller has pitched its app as a TikTok replacement, but says it won't try to generate revenue directly from its namesake product
▼ + stars: | 2023-08-25 | by ( Dan Whateley | ) www.businessinsider.com time to read: +5 min

Triller said it won't try to generate revenue directly in the short-video app it was named after. The company does not perceive the Triller app as core to how it makes money, Green told Insider. Triller will therefore book costs tied to the Triller app as sales, marketing, general, or administrative expenses rather than as a cost of revenue, it wrote in its securities filing. These costs could include paying talent and influencers to drive adoption of the Triller app, or paying to license music for the app as a brand-building tool, it wrote. In 2022, Triller said it grew overall revenue by roughly 80% year over year to $47.7 million.

Persons: Triller, Julius, Michael Green, Trump, Trump's TikTok, Mahi de Silva, isn't, we're, I'm, it's, Green, FITE Organizations: Tech, New York Stock Exchange Locations: Beijing

☆ TikTok challenger backpedals into public arena
▼ + stars: | 2023-08-21 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

Acquire Licensing RightsNEW YORK, Aug 21 (Reuters Breakingviews) - A celebrity-studded video app is fighting to contend in the public arena. The Triller app, started in 2015, runs a TikTok-like feed, but it has backed away from the battle. Brands generated most of Triller’s $48 million in revenue last year, but recent acquisitions have fueled much of the latest growth. Details are scant on Triller’s user count beyond the 550 million accounts it says it has signed up since inception. Follow @AnitaRamaswamy on TwitterCONTEXT NEWSVideo-sharing app Triller said on Aug. 2 that it plans to pursue a direct listing of its shares on the New York Stock Exchange.

Persons: Triller, Snoop Dogg, Mike Tyson, Charli, Mahi de Silva, Swizz Beatz, Timbaland, Black, Jeffrey Goldfarb, Sharon Lam Organizations: Reuters, New York Stock, Walmart, Facebook, Meta, Apple, Google, New York Stock Exchange, SeaChange International, Thomson Locations: New York, U.S

☆ Astronauts, ecologists, and bands are splashing out up to $100,000 on luxury custom-made globes
▼ + stars: | 2023-07-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Bellerby is a luxury London globemaker that counts astronauts, YouTubers, and artists among its customers. One customer even asked for a globe to be made as a urn for her father with his ashes inside. Euan Myles/Bellerby & Co GlobemakersMost of the cost comes from the labor required to make the intricate globes by hand. All Bellerby's globes are "entirely bespoke," with illustrations painted on by hand, head globemaker Eddy da Silva told Insider. They also added some illustrations, including a mastodon, a giant ground sloth, a glyptodon, and a woolly mammoth.

Persons: Marc Mitchell, Euan Myles, Bellerby, globemaker Eddy da Silva, Martin, Hugo, They've, Toby Essex, Peter Bellerby, Fenster, Reinhold Würth, he'd, globemakers, de Silva Organizations: Service, Bellerby, CliQQ, Würth Locations: London, Wall, Silicon, Peru, Cambodia, Polynesia, St, Kitts

☆ Venezuela's Maduro meets Lula on first visit to Brazil since 2015
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

Brazil's former hard-right President Jair Bolsonaro had banned Maduro from entering Brazil when he took office in 2019, a measure that Lula lifted when he returned to power this year. Lula and Maduro met at the presidential palace and were scheduled to sign agreements in the early afternoon. Among the issues on their agenda was a large debt Venezuela has run up with Brazil's National Development Bank, Brazilian officials said. Brazilian Finance Minister Fernando Haddad was due to meet with Maduro and Lula, they added, and the president of state-run oil company Petrobras, Jean Paul Prates. The organization floundered when several South American countries elected right-wing governments, creating diplomatic fissures on the continent.

☆ Preserving Hula, the Heartbeat of Hawaii
▼ + stars: | 2023-05-07 | by ( Miya Lee | Brendan George Ko | ) www.nytimes.com time to read: 1 min

HILO, Hawaii — The airy Edith Kanaka‘ole Stadium in Hilo, Hawaii, was silent except for bird song and the low, steady chanting of Mapuana de Silva as she sprinkled a mixture of turmeric and saltwater along the perimeter of a square stage. Ms. de Silva, a kumu hula (master hula teacher), was conducting a ceremony called pikai, before her students began their 50-minute hula practice. “We’re known as traditionalists,” Ms. de Silva, 74, said, whose dancers practiced in shirts with the word “boring” on them. Her students performed a seated hula kahiko (ancient hula). Later that night, they would compete against 23 other hula schools in the 60th Merrie Monarch Festival.

The case for investing in India — a nation of 1.4 billion — is clear, and only bolstered by recent geopolitical shifts. As Western leaders look to boost economic cooperation with countries that share similar values, India, the world’s largest democracy, stands to gain. Arun Sankar/AFP/Getty ImagesIndia’s so-called “demographic dividend,” the potential economic growth arising from a large working-age population, represents a major opportunity. A recent Air India order for more than 200 Boeing planes could support more than 1 million American jobs. One consistent with our democratic values, and another not.”‘Economic miracle?’Beyond geopolitics, India’s economic and demographic fundamentals are driving business interest.

☆ Inflation in Sri Lanka is coming down but it's still 'hard on the people,' says opposition MP
▼ + stars: | 2023-04-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation in Sri Lanka is coming down but it's still 'hard on the people,' says opposition MPHarsha de Silva, member of Parliament of Sri Lanka and economist, says, however, that "things are stabilizing."

☆ More than two-thirds of elephant habitat lost across Asia, study finds
▼ + stars: | 2023-04-27 | by ( Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Elephants have lost almost two-thirds of their habitat across Asia, the result of hundreds of years of deforestation and increasing human use of land for agriculture and infrastructure, a new study has found. The study found that the greatest decline in elephant habitats was in China, where 94% of suitable land was lost between 1700 and 2015. Meanwhile, more than half of suitable elephant habitats have been lost in Bangladesh, Thailand, Vietnam and Indonesia’s Sumatra. The era also saw “new value systems, market forces, and governance policies” reaching beyond the cities of Europe into the forests of Asia – speeding up elephant habitat loss and the fragmentation of the species, the study found. Habitat loss also means elephants are migrating from their usual territories, creating “challenges for human communities that have little experience with elephants,” the study said.

☆ Midmarket Firms Re-Evaluate Regional Bank Risk Following Crisis
▼ + stars: | 2023-03-20 | by ( Maria Armental | ) www.wsj.com time to read: 1 min

Midmarket private-equity firms are increasingly moving business to a wider range of banks—especially to those bigger in size—to hedge against the fallout from the demise of Silicon Valley Bank, a major lender to private-market fund managers and their companies. “There’s definitely a flight to quality, to have at least one bank account with kind of a bulge bracket, top-four bank,” said Richard de Silva, the founder and managing partner of private-equity firm Lateral Investment Management in San Mateo, Calif.A...

☆ TikTok went big at SXSW and creators discussed building lasting businesses. Here are 3 takeaways that I left Austin with.
▼ + stars: | 2023-03-15 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +8 min

Creators gathered at Meta's Austin, TX offices for a series of talks hosted by the Asian Creator House. Whether creators were talking about pay transparency, or startups were pitching their products as solutions, creator monetization was an ongoing conversation at SXSW. "More and more creators are being transparent as to how much they're making," said Monica Ravichandran, creator and Collective Voice staffer. At the Asian Creator House, led by Always Be Creating cofounders Justin Nguyen and Jerry Won, creator pay and business building were also top of mind. But on the brand and marketing side of SXSW, AI wasn't a potent topic, according to Influencer's Penchin.

☆ Triller missed its target for going public again, as it waits for the SEC to OK its confidential filing
▼ + stars: | 2023-01-10 | by ( Dan Whateley | ) www.businessinsider.com time to read: +9 min

Triller is in a holding pattern on its path to becoming a public company. A spokesperson said that once its registration statement is declared effective, it will make the filing public for the required time ahead of its public listing. The long slog toward becoming a public company as lawsuits pile upTriller has been pursuing a public offering for over a year. In December 2021, Triller announced it instead planned to go public via a reverse merger with the video-tech company Seachange International. "After much deliberation, Triller has determined that the best course of action is a direct listing for Triller."

☆ Fact Check-Online claims that Brazilian military is executing officials due to ‘stolen’ presidential election are false
▼ + stars: | 2022-12-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

There is no evidence to support claims that the Brazilian military is executing officials from President-elect Lula de Silva’s administration because of a “fraudulent” election. Reuters found no credible reports of “executions” of politicians in the country, or that the military declared Bolsonaro as the president (bit.ly/3VUIePu). Lula narrowly beat Bolsonaro in the presidential election October 2022, and is set to take office on Jan. 1, 2023, Reuters reported (here). Claims the election in Brazil were fraudulent have previously been debunked by Reuters in Portuguese (here) and (here). There is no evidence that the Brazilian military executed officials related to President-elect Luiz Inacio Lula da Silva.

☆ Baaba Maal back with new music, 'Glastonbury of Africa' festival hopes
▼ + stars: | 2022-12-07 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

REUTERS/Andrea De Silva/File PhotoLONDON, Dec 7 (Reuters) - When Baaba Maal released his last album “The Traveller” in 2016, the Senegalese singer and guitarist wasn’t sure he would put out another record. The uptempo song "Yerimayo Celebration", released last week, salutes the cultures of fishermen, the profession of Maal's father. In 2005, Maal founded the Blues du Fleuve festival in his hometown of Podor on the Senegal River. “Sometimes I (joked) with my friends (saying) ‘I want this festival to be like the Glastonbury of Africa’. “Wakanda, if ever it existed, it might be Africa...and to be the voice of Africa, it’s great for me.

☆ Triller is planning to go public in a few weeks despite removing major-label music from its app
▼ + stars: | 2022-12-05 | by ( Dan Whateley | ) www.businessinsider.com time to read: +6 min

The update comes as the company removed last week the song catalogs of major labels from its video app. In 2020, Triller partnered with Billboard to publish weekly "Top Triller US" and "Top Triller Global" charts. In its statement to Insider, Triller suggested that removing music from major labels could help save the company money. The Triller app remains just one piece of the company's overall business. Triller even invoked TikTok in its statement about its decision to remove the catalogs of major music labels, writing that, "TikTok and the labels have aligned so closely."

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