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☆ Twitter staff are helping to remove bird logos at its HQ for the X rebrand, but one reportedly broke apart and is still there
▼ + stars: | 2023-07-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk has started having Twitter's iconic blue bird logo removed at the headquarters. One sign couldn't be taken down as it broke apart, leaving remnants still attached, per an NYT reporter. As Twitter rebrands to X, staff are taking down the iconic blue bird logos at its San Francisco headquarters. The Times earlier reported that work had started on detaching a ten-foot-tall bird icon in the office's cafeteria. "This is an extremely risky move because with X, Musk is essentially starting over while its competition is afoot," he added.

Persons: Elon Musk, Ryan Mac, Yu Liu, Mike Proulx, Forrester, Proulx, Mark Zuckerberg's Organizations: Twitter, San, New York Times, Times Locations: San Francisco

☆ After creators flocked to Instagram Threads, Meta's challenge is to keep them from fleeing
▼ + stars: | 2023-07-21 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +11 min

The one major app that's eluded him: Twitter. Threads skyrocketed out of the gate in large part because it was easy for existing Instagram users to create accounts on the new messaging service and connect with their established following. watch nowCurrently, Threads users are unable to search for topics or hashtags that represent hot topics. That could entice some people to use Twitter over Threads, said Tameka Bazile, who works in artist relations and marketing at Time. Like with Threads, creators will wait to see how Twitter works for their peers before "spending much more time making content there," Kaletsky said.

Persons: Jaap Arriens, Brian Moller, Prince, he's, Moller, It's, Elon, Mark Zuckerberg pounced, He's, Caspar Lee, There's, Lee, Adam Mosseri, Jack Whitehall, Musk, Thilina, Marcel Floruss, Floruss, Floruss isn't, Chas Lacaillade, Lacaillade, Tameka Bazile, Bazile, they've, Twitter hasn't, Brendan Gahan, Mekanism, Gahan, Sasha Kaletsky, Kaletsky, Jack Appleby, Appleby, Zuckerberg, Elon Musk, Gary Vaynerchuk Organizations: Nurphoto, Getty, YouTube, Twitter, Meta, Instagram, Rocket, Ventures, LinkedIn

☆ Harvard psychologist: The 'common enemy effect' may explain why Elon Musk's declining popularity could benefit Mark Zuckerberg
▼ + stars: | 2023-07-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +4 min

Zuckerberg's found early success luring dissatisfied Twitter users to his new competitor, Threads, which launched earlier this month and quickly amassed 100 million users within days. At the end of 2022, after he acquired Twitter, Musk's net favorability had dropped by 13 points among U.S. adults, according to a survey by Morning Consult. In this case, a common disdain for Musk's Twitter could be the cause for Thread's flood of new users. But Warren makes it clear that growing a business using the "common enemy effect" may not be sustainable. "[The common enemy effect] is often a slippery slope to build a business around, although it may be effective in getting people to buy into a common cause," Warren says.

Persons: Elon Musk, Mark Zuckerberg, Zuckerberg's, Zuckerberg, favorability, It's, Dr, Cortney Warren, Warren Organizations: Twitter, Morning, Meta, Cambridge, Harvard, CNBC

☆ So, that's the end of OpenAI's ChatGPT moat
▼ + stars: | 2023-07-20 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

In the fast-changing world of AI, OpenAI appeared to have created a powerful moat through ChatGPT. But Meta rolling out its own powerful language model, Llama 2, with few restrictions puts ChatGPT at risk. And unlike OpenAI's ChatGPT, Llama 2 doesn't come with an easy-to-use consumer interface. As the first popular entrant into the generative AI space, OpenAI's chatbot had the advantage of capturing the imaginations of millions before Google, Meta and the rest. But open models were always the threat.

Persons: OpenAI, chatbot, Mark Zuckerberg, Erin Scott, Warren Buffett, ChatGPT, Kali Hays, Rosalie Chan, Nathan Lambert, Lambert, It's Organizations: Meta, Google, Microsoft, ChatGPT, Stanford University, UC Berkeley

☆ Threads now has ‘tens of millions’ of daily users. But its honeymoon phase may be over
▼ + stars: | 2023-07-19 | by ( Clare Duffy | ) edition.cnn.com time to read: +5 min

After surpassing 100 million user sign-ups in less than a week, user engagement on Threads has slowed. Threads daily active users fell from 49 million on July 7, two days after its launch, to 23.6 million users last Friday, according to a report published this week by web traffic analysis firm Similarweb. “I’m very optimistic about how the Threads community is coming together,” Meta CEO Mark Zuckerberg said in a post on the platform Monday. “We’re clearly way out over our skis on this,” Mosseri said in a Threads post the week of the app’s launch. Threads could be a way for Meta to eke additional engagement time out of its massive existing user base.

Persons: It’s, “, Mark Zuckerberg, who’s, Adam Mosseri, ” Mosseri, Mosseri, ” Meta, Elon Musk, ”, Ali Mogharabi, Musk, Scott Kessler, ” Kessler Organizations: New, New York CNN, Meta, Twitter, ”, ” Morningstar Locations: New York

☆ Threads use is down to about 6 minutes a day — plummeting from 21 minutes when it first launched
▼ + stars: | 2023-07-19 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

Users are only spending 6 minutes on the app a day — down from 21 minutes, according to Similarweb data. Threads is losing daily users just as fast as it gained them. On July 7, two days after the app's launch, users were on Threads for around 21 minutes a day on average. In a Threads post, Cameron Roth, a software engineer for Instagram and Threads, announced a slate of new bug fixes and upgrades to the platform's feed and follow features. Mosseri echoed Zuckerberg's early enthusiasm in a Saturday Threads post, also sent to Insider by a Meta spokesperson.

Persons: Elon, Meta, Adam Mosseri, Mark Zuckerberg, Mosseri, Cameron Roth Organizations: Meta, Twitter Locations: Similarweb

☆ Meta rolls out first feature update to Threads since launch earlier this month
▼ + stars: | 2023-07-18 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +1 min

Instagram Threads, the Twitter clone that Meta launched two weeks ago, is being updated to include new features, including a follows tab. Cameron Roth, a software engineer for Instagram, shared a Threads post on Tuesday, announcing additions to the app as part of an update to Apple's iOS. Roth said that the iOS update includes some software bug fixes and loading improvements. In a separate Threads post on Tuesday, Roth said regarding the update that users "may need to restart your app to see some of these or otherwise wait until the end of the day!" WATCH: Threads is the perfect situation at the perfect time for Meta

Persons: Meta, Cameron Roth, Roth, Elon Musk, Linda Yaccarino Organizations: Meta, Twitter, CNBC

☆ Exclusive: Head of engineering for Trump’s Truth Social app resigns
▼ + stars: | 2023-07-17 | by ( Helen Coster | ) www.reuters.com time to read: +2 min

NEW YORK, July 17 (Reuters) - The head of engineering for the company that operates former U.S. President Donald Trump’s Truth Social app told Reuters on Monday he had resigned, in a blow for the venture. Gleason is the founder of Soapbox Technology, which provides open-source technology for “decentralized” social media platforms that operate on independently-run servers and provide an alternative to Twitter and Facebook. TMTG hired Gleason in January 2022 to adapt Soapbox’s technology for its own needs, eventually using it as the front-end technology - which users see and interact with - for the Truth Social app. Truth Social has struggled to show strong growth in the number of users since its February 2022 launch. Truth Social has an estimated 607,000 monthly users, according to data from Similarweb.

Persons: Donald Trump’s, Alex Gleason’s, Gleason, TMTG, Trump, DWAC, Helen Coster, Deepa Babington Organizations: YORK, Trump Media & Technology, Trump, U.S, Capitol, Twitter, Facebook, Social, Similarweb, Justice Department, Securities and Exchange Commission, Thomson

☆ School's out for summer, and if ChatGPT usage is falling because students are off, that's a bad sign for OpenAI
▼ + stars: | 2023-07-14 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

ChatGPT usage recently fell. If that's the reason, it's a bad sign for OpenAI and AI-powered chatbots. ChatGPT usage has fallen. Churn rates, which measure the percentage of users who stop engaging with a service, have also spiked into the 20% range for ChatGPT, according to Bernstein Research. "This idea that if the ChatGPT drop-off is due to students on summer break, that implies a narrower audience and fewer use cases."

Persons: ChatGPT Bernstein, ChatGPT, Mark Shmulik, Bernstein, Shmulik, It's, chatbots, OpenAI, Garry Tan Organizations: Morning, Bernstein Research, ChatGPT Bernstein Research, Microsoft, Enterprise, insider.com Locations: OpenAI, Silicon Valley

☆ Meta Threads engagement has dropped off since red-hot debut, tracking firms say
▼ + stars: | 2023-07-13 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

What comes up must come down — at least in the case of user engagement on Threads, Meta 's new Twitter competitor. "The Threads launch really did 'break the internet,' or at least the Sensor Tower models," Anthony Bartolacci, managing director at Sensor Tower, a marketing intelligence firm, told CNBC. "In the 10-plus years Sensor Tower has been estimating app installs, the first 72 hours of Threads was truly in a class by itself." Threads saw a dropoff of more than 25% in daily active users between its July 7 peak and Monday for Threads users on Android phones worldwide. Since its debut on July 5, Threads made headlines for its Instagram sign-up integration, algorithmic feed and positive sentiment from advertisers.

Persons: Anthony Bartolacci, Bartolacci, Elon Musk, David Carr, Mark Zuckerberg Organizations: CNBC, Meta

☆ What Meta's Threads app means for Twitter, social media and Meta's own profits
▼ + stars: | 2023-07-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Meta Platforms made headlines last week with the launch of Threads , a text-based social media app challenging Twitter and pitting two heavyweight technology leaders against one another. "It's a land grab right now, right now, it's PR," said Paul Meeks, portfolio manager at Independent Solutions Wealth Management. Evercore ISI's Mark Mahaney wrote in a recent note that Threads "poses very little downside" risk to Meta's business, offering "upside optionality" for revenues and profits. Headwinds to Twitter Morfe broadly, Threads may rattle the social media industry and, over the long haul, snatch up some competitor's cherished advertisers. To be sure, Elevation Partners co-founder Roger McNamee said Meta and Threads face a long, uphill climb.

Persons: Mark Zuckerberg, Meta, Meta hasn't, Adam Mosseri, it's, Paul Meeks, Meeks, Evercore, Mark Mahaney, Gene Munster, Mark Douglas, MNTN, CNBC's, Matthew Prince, Musk's, Alex Spiro, Roger McNamee Organizations: European Union, Twitter, PR, Independent Solutions Wealth Management, Meta, Facebook, Elon, Partners

☆ Twitter CEO says platform had its 'largest usage day' in 5 months amid reports users are flocking to Threads
▼ + stars: | 2023-07-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Twitter CEO Linda Yaccarino said the platform had its "largest usage day" in five months. The Twitter higher-ups appear to be concerned by the rapid popularity of Threads. Twitter CEO Linda Yaccarino said Monday that last week saw the platform's "largest usage day" since February. That appeared to be a taunt aimed at Threads, the Twitter competitor app released by Meta last Wednesday which is estimated to already have reached 100 million users. This week, Musk tweeted "Zuck is a cuck" and proposed a "literal dick measuring contest."

Persons: Linda Yaccarino, Cloudflare, Elon Musk, Insider's Nathan McAlone, Mark Zuckerberg, Musk, Zuckerberg, Twitter Organizations: Twitter, Meta, CNBC, iOS Locations: Similarweb

July 10 (Reuters) - Meta Platforms' (META.O) Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study. Mastodon has about 7.7 million total users, although fewer than 2 million of them actively use the service, according to daily user counts it provides. [1/2]Meta Threads app logo is seen in this illustration taken, July 6, 2023. Currently, there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.

Persons: Mark Zuckerberg, dethroning ChatGPT, Zuckerberg, Matthew Prince, Dado Ruvic, Jack Dorsey, Musk, Adam Mosseri, Meta, Katie Paul, Akash Sriram, Zaheer Kachwala, Sriraj Kalluvila, Rashmi Aich, Nick Zieminski Organizations: Elon Musk, UBS, Twitter, REUTERS, Meta, Thomson Locations: New York, Bengaluru

☆ Twitter traffic is 'tanking' as Meta's Threads hits 100 million users
▼ + stars: | 2023-07-10 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

In this photo illustration, the Threads logo by META is displayed on a smartphone with Twitter logo in the background. User traffic on Twitter has slowed since the launch of Meta 's text-based platform Threads, which has already surpassed 100 million sign-ups since its debut last week. "Threads reached 100 million sign ups over the weekend. The company said Twitter's web traffic is down 11% compared with the same days in 2022. Threads reached the 100 million milestone even faster than OpenAI's generative chatbot ChatGPT, which surpassed 100 million monthly users in two months.

Persons: Adam Mosseri, Mark Zuckerberg, Twitter, Matthew Prince, Similarweb, Mosseri, Elon Musk, Alex Spiro, Zuckerberg Organizations: Meta, Twitter Locations: U.S, Europe

☆ Threads beat ChatGPT to 100 million users but the AI app is way more consequential
▼ + stars: | 2023-07-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Zuck can be happy: Threads reached 100 million users faster than ChatGPT. Mark Zuckerberg had cause to celebrate over the weekend as Meta's newest app, Threads, passed the 100 million user milestone less than a week after its launch. The would-be Twitter competitor is now the fastest-growing app ever, beating ChatGPT, the generative AI chatbot that corporate America hasn't stopped talking about all year. But its leap to 100 million users had a massive jumpstart thanks to its integration with Instagram, whose billion-plus users are actively encouraged to download the new app if they fancy adding a new social-media timesuck onto their devices. ChatGPT, released to the public November 30, surpassed the 100 million user milestone in January.

Persons: Mark Zuckerberg, ChatGPT, America hasn't, Elon, Zuckerberg, Musk's, Insider's Kali Hays, Musk, That's Organizations: America, Twitter Locations: GPT

[1/2] Meta Threads app logo is seen in this illustration taken, July 6, 2023. REUTERS/Dado Ruvic/IllustrationJuly 10 (Reuters) - Meta Platforms' (META.O) Twitter rival Threads crossed 100 million sign-ups within five days of launch, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest-growing online platform to hit the milestone. "That's mostly organic demand, and we haven't even turned on many promotions yet," Zuckerberg said in a Threads post announcing the milestone. The app's sprint to 100 million users was much speedier than that of OpenAI-owned ChatGPT, which became the fastest-growing consumer application in history in January about two months after its launch, according to a UBS study. Currently, there are no ads on the Threads app and Zuckerberg said the company would only think about monetization once there was a clear path to 1 billion users.

Persons: Dado Ruvic, Mark Zuckerberg, dethroning ChatGPT, Zuckerberg, Matthew Prince, Musk, Adam Mosseri, Meta, Katie Paul, Akash Sriram, Zaheer Kachwala, Sriraj Kalluvila, Rashmi Aich, Nick Zieminski Organizations: REUTERS, Elon Musk, UBS, Twitter, Meta, Thomson Locations: New York, Bengaluru

☆ Twitter’s future is in doubt as Threads tops 100 million users
▼ + stars: | 2023-07-10 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

The results underscore the risk Meta poses to Twitter’s business and raise questions about how, or if, Twitter can stem its losses. Twitter traffic had already been trending downward for months, according to data from the internet infrastructure company Cloudflare and the web analytics firm Similarweb. “Twitter traffic tanking,” Prince said as he posted the chart. A Twitter rival but not quite a Twitter replacementFueling Threads’ rapid growth has been Meta’s use of Instagram as a springboard to sign up new users, along with what many Threads users have identified as a dissatisfaction with Twitter. But after a Threads user pointed out that the new app was not featured in Twitter’s trending topics tab, Zuckerberg replied “Concerning” with a crying-laughter emoji.

Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Twitter didn’t, Cloudflare, Matthew Prince, ” Prince, Similarweb, ”, David Carr, We’ve, Alex Stamos, —, Stamos, ” Stamos, Kim Kardashian, Jeff Bezos, Axios, Adam Mosseri, Mosseri, Musk Organizations: Washington CNN, Twitter, Meta, Elon, CNN, “, Stanford Internet Observatory, Facebook

☆ Mark Zuckerberg's Threads platform hits 100 million users in 5 days, growing faster than ChatGPT
▼ + stars: | 2023-07-10 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Threads has passed the 100 million user mark, according to data tracking platform Quiver Quantitative. Threads has passed the 100 million user mark just five days after it launched, according to estimates from data tracking platform Quiver Quantitative. The platform, aimed at Elon Musk's Twitter, has launched at an opportune time as Musk's platform grapples with another turbulent period. After Threads' first launch, several tweeters took to the platform to say goodbye to Twitter and Musk's erratic leadership. Many shared memes and screenshots of new Threads accounts, encouraging their followers to switch platforms too.

Persons: Zuckerberg Organizations: Morning, Elon, Twitter

☆ Threads Becomes Most Rapidly Downloaded App, Raising Twitter’s Ire
▼ + stars: | 2023-07-06 | by ( Mike Isaac | More About Mike Isaac | ) www.nytimes.com time to read: +1 min

Another two hours later, five million people had downloaded Threads. When he woke on Thursday morning, the app had been downloaded more than 30 million times, he said. In less than a day, Threads — which is aimed as a rival to Twitter — appears to have taken the crown as the most rapidly downloaded app ever. It easily outstripped ChatGPT, the chatbot, which was downloaded one million times within its first five days, according to OpenAI, ChatGPT’s maker. Some of Twitter’s most-followed users — such as Ellen DeGeneres, Bill Gates, Shakira and Oprah Winfrey — immediately joined Threads and began posting.

Persons: Mark Zuckerberg, Zuckerberg, Twitter —, Ellen DeGeneres, Bill Gates, Shakira, Oprah Winfrey — Organizations: Meta, Twitter Locations: OpenAI

July 5 (Reuters) - ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7% in June from May, while unique visitors to ChatGPT’s website dropped 5.7%. ChatGPT set off a frenzied use of generative AI in daily tasks from writing to coding and reached 100 million monthly active users in January, two months after its launch. OpenAI also released the ChatGPT app on the iOS system in May, which could sap some traffic from its website. ChatGPT is free to use but also provides a premium subscription, where users can pay $20 a month to access OpenAI's more advanced model, GPT-4.

Persons: chatbot, OpenAI, ChatGPT, Bing, Bard chatbot, Sam Altman, Krystal Hu, David Gregorio Our Organizations: Microsoft, Thomson Locations: OpenAI, YipitData, New York

July 5 (Reuters) - ChatGPT, the wildly popular AI chatbot launched in November, saw monthly traffic to its website and unique visitors decline for the first time ever in June, according to analytics firm Similarweb. Worldwide desktop and mobile traffic to the ChatGPT website decreased by 9.7% in June from May, while unique visitors to ChatGPT’s website dropped 5.7%. The amount of time visitors spent on the website was also down 8.5%, Similarweb data shows. "I think there are growing pains when you go from zero to 100 million users that quickly. OpenAI also released the ChatGPT app on the iOS system in May, which could sap some traffic from its website.

Persons: chatbot, OpenAI, ChatGPT, Bing, Bard chatbot, Sarah Hindlian, Bowler, Sam Altman, Krystal Hu, David Gregorio Our Organizations: Microsoft, Technology Research, Macquarie, Thomson Locations: OpenAI, YipitData, New York

☆ ChatGPT app downloads are slowing down, BofA finds
▼ + stars: | 2023-07-05 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Analysts found that app downloads for ChatGPT and Microsoft Bing have slowed in recent weeks, citing Sensor Tower data, BofA analyst Justin Post wrote in a note Wednesday. Bing app downloads, which includes a ChatGPT-based chatbot in the U.S., were also down 38% in June. Microsoft's Bing, which uses OpenAI's ChatGPT technology, was down 40 basis points on an annual basis to about 2.8% of the market. The ChatGPT app was released in May and so far is available only for iPhones. Besides the app or Bing search engine, ChatGPT users can also access the chatbot through its website.

Persons: Microsoft Bing, Justin Post, Microsoft's Bing, Post Organizations: Bank of America Securities, Analysts, Microsoft, Google, Nvidia, iPhones . Bank of America, Bank of America Locations: U.S, ChatGPT

☆ How to promote OnlyFans, according to creators
▼ + stars: | 2023-06-06 | by ( Nhari Djan | ) www.businessinsider.com time to read: +7 min

Unlike other platforms, OnlyFans does not have a discovery page, which can make it hard for creators to get noticed. Read more about how the creator and stay-at-home mom uses Reddit to promote and how much she made in her first 9 months on OnlyFansHere are seven ways OnlyFans creators promote themselves:1. Read more about how 3 OnlyFans creators have used TikTok to promote themselves and attract subscribers3. Cross-promoting with other creatorsLavish, one of the OnlyFans creators who uses TikTok to promote, often features other OnlyFans stars in her TikToks. Read about how Steph Mi launched an airplane banner to promote her OnlyFans page at a baseball game and how much she earns per monthHere is our full coverage on how OnlyFans creators promote their OnlyFans

Persons: —, Anne, SimilarWeb, Charlotte, they've, Reddit, Farrah, MelRose Michaels, Read, Michaels, Chloe Sasha, Steph Mi Organizations: Twitter, Twitter Twitter, Kentucky Derby Locations: Canada, subreddits

TOKYO, June 2 (Reuters) - Japan's privacy watchdog said on Friday it has warned OpenAI, the Microsoft-backed (MSFT.O) startup behind the ChatGPT chatbot, not to collect sensitive data without people's permission. OpenAI should minimise the sensitive data it collects for machine learning, the Personal Information Protection Commission said in a statement, adding it may take further action if it has more concerns. The watchdog noted the need to balance privacy concerns with the potential benefits of generative AI including in accelerating innovation and dealing with problems such as climate change. The EU, a global trendsetter on tech regulation, is working on what could be the first set of rules to govern AI. Reporting by Kantaro Komiya and Sam Nussey; Editing by Jacqueline Wong and Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: OpenAI, Sam Altman, Fumio, Kishida, Altman, Kantaro Komiya, Sam Nussey, Jacqueline Wong, Christopher Cushing Organizations: Microsoft, EU, Thomson Locations: TOKYO, Japan

☆ TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia
▼ + stars: | 2023-05-26 | by ( Sheila Chiang | ) www.cnbc.com time to read: +7 min

CFOTO | Future Publishing | Getty ImagesTikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned by Chinese tech giant ByteDance. In 2022, TikTok Shop expanded to six Southeast Asian countries — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand. TikTok is "focused on the continued development of TikTok Shop in Southeast Asia," said the spokesperson. To incentivize sellers to join the platform, TikTok Shop waived commission fees when it launched in Singapore in August.

Persons: TikTok, Shopee, Shawn Yang, Shop's, Sachin Mittal, Lazada's GMV, Jonathan Woo, Lazada, Shou Zi, Woo, bode Organizations: Blue Lotus Research Institute, Sea Group, DBS Bank, CNBC, Intelligence, Phillip Securities Research, TikTok, U.S, Merchants, SG, Phillip Securities Locations: Southeast Asia, India, Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Southeast, GMV, U.S, Statista, Brazil, China, U.S ., Montana, Texas, Nomieo

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