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☆ Can this ocean-based carbon plant help save the world? Some scientists are raising red flags
  + stars: | 2024-04-21 | by ( Laura Paddison | ) edition.cnn.com   time to read: +9 min
Fans will pump air through the alkaline stream, which causes carbon dioxide to form solid calcium carbonate, the material from which seashells are formed, which will look like a fine sand, as well as dissolved bicarbonate. The seawater will also be sent back into the sea, ready to absorb more carbon dioxide from the atmosphere. The ambition is to scale up to 100,000 metric tons of CO2 removal a year by the end of 2026, and from there to millions of metric tons over the next few decades, Sanders told CNN. Equatic has already signed a deal with Boeing to sell it 2,100 metric tons of hydrogen, which it plans to use to create green fuel, and to fund the removal of 62,000 metric tons of CO2. It will remove just under 4,000 metric tons of carbon dioxide a year, with the aim of scaling up to 100,000 metric tons a year by the end of 2026.
Persons: Jean, Pierre Gatusso, “, ”, Patrick T, Fallon, Equatic, Gaurav Sant, Edward Sanders, Sanders, Sant, Lili Fuhr, Fuhr, James Niffenegger, Niffenegger, “ we’re, ” Fuhr, It’s, Gatusso, ” Equatic, UCLA’s Sant, ” Sant Organizations: CNN, University of California, Sorbonne University, Getty, UCLA, National Water Agency, Port, Boeing, Center for International Environmental Law, National Renewable Energy Laboratory Locations: Vietnam, France, Singapore, Tuas, Los Angeles, LA, AFP, Port of Los Angeles
☆ 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
☆ Triller is finally heading to the public markets after trimming losses and tweaking its investor pitch. Here are 3 main takeaways from the hundreds of pages it filed.
  + stars: | 2023-08-09 | by ( Dan Whateley | ) www.businessinsider.com   time to read: +8 min
Triller's preliminary S-1 filing to go public on the New York Stock Exchange has been released. The company reported a smaller net loss in 2022 than in 2021 and around $48 million in 2022 revenue. In its S-1, the company featured images of celebrities like Jennifer Lopez and DJ Khaled inside Triller products. One metric notably absent from Triller's S-1 is active user counts across its platforms. In its S-1, the company wrote it had "established more than 550 million user accounts" across its offerings, which it defined as anyone who created an account.
Persons: Triller, It's, it's, Snoop Dogg, Josh Richards, Richards, Jennifer Lopez, DJ Khaled, Charli D'Amelio, D'Amelio, TikTok, Julius, Triller's, Mike Lu, Ryan Kavanaugh's, Bobby Sarnevesht Organizations: New York Stock Exchange, Sony Music Entertainment, Universal Music Group, Sony Music, Seachange, SEC, Triller, YouTube, Facebook, Twitter, Meta, Inc, TechCrunch, Billboard, Media Locations: NFTs, TikTok, Triller
☆ We got an exclusive look at the 18-slide pitch deck hybrid working platform Cleary used to raise $4.5 million in seed funding
  + stars: | 2023-01-31 | by ( Riddhi Kanetkar | ) www.businessinsider.com   time to read: +3 min
San Francisco-based HR startup Cleary has raised $4.5 million in a seed round led by Moonshots Capital. We got a look at the 18-slide pitch deck Cleary used to raise the fresh funds. A US startup that has designed a digital platform to engage and connect remote and hybrid employees just raised $4.5 million. This follows Cleary's $3 million pre-seed raise, bringing the startup's funding to $7.5 million. Check out the 18-slide deck used to raise the fresh funds.
☆ 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."
☆ 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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