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Why Is Every Social Media Company Pivoting to TikTok?
Kristin Snyder
Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.
TikTok’s algorithm is dominating the social media landscape.
Instagram recently increased its push to re-create TikTok’s success, with the company changing its platform to prioritize Reels. Facebook is also shifting its interface to prioritize algorithmic content over posts from friends—and as companies try to increase user engagement and ad revenue, some users long for distinctly different platforms. Both Kim Kardashian and Kylie Jenner shared a petition via Instagram stories urging the app to “stop trying to be tiktok.” The petition, which has over 160,000 signatures, was launched by photographer Tati Bruening and requests a return to a focus on photos.
“We have TikTok for a reason, and let’s face it, the only reels uploaded are recycled TikToks and content that the world has already seen,” Bruening wrote in the petition. “What’s innovative and unique about old stale content? Nothing!”
Instagram head Adam Mosseri took to Reels Tuesday morning to reassure users that the app will still support photos, even though “more and more of Instagram is going to become video over time,” he said.
Evan Britton, founder of Santa Monica-based Famous Birthdays, told dot.LA that the pivot to video stems from advertising trends. It’s harder for advertisers to place a video ad between photos than between videos. Switching mediums allows Instagram to make more revenue per user, Britton said. Some analysts believe Reels has the potential to surpass TikTok in ad revenue.
Britton also said Instagram’s previous model of chronological, friend-based feeds would eventually lead to a lack of content to view, whereas algorithms provide an endless loop of content and increase engagement.
Though users are more comfortable controlling their feeds, Britton said drawing in viewers through the algorithm helps with post interaction. Gen Z, in particular, uses TikTok more than other social media platforms because of its interest-driven algorithm. He said pushback stems from the late-in-the-game shift from Instagram’s original interface. Despite complaints, Britton believes there is no practical reason for Meta to abandon its commitment to video.
“When people open up Instagram and it is slowly morphing, more and more, into Tik Tok, people are going to stay longer,” Britton said. “If people didn't love Instagram so much they wouldn’t be concerned about it changing.”
Major influencers like the Kardashian-Jenner clan probably want their preferred social media platforms to have distinct differences, as do the microinfluencers who have struggled to navigate the ever-changing algorithms. But, Kim, there’s people that are dying—including social media companies that have to make a profit off of free content.
“It's going to [result in] higher revenue per user for watching videos, and there'll be more engagement in time in the app because there's an endless supply of content because it's based on interests versus who you follow,” Britton said.
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Kristin Snyder
Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.
https://twitter.com/ksnyder_db
🛰️💥 Apex Space and LA's Role in the Current Space Tech Boom
03:55 PM | May 24, 2024
🔦 Spotlight
Mark Suster from Santa Monica-based Upfront Ventures recently interviewed the CEO and co-founder of LA-based Apex, Ian Cinnamon. The conversation shed light on Apex, a standout player in the Los Angeles space tech scene. Apex specializes in manufacturing satellite buses for space missions.
The discussion touched on the expanding space tech industry, emphasizing its increasing allure to investors and entrepreneurs. Los Angeles emerged as a focal point in this narrative, with its rich ecosystem of talent and resources playing a pivotal role. Cinnamon goes on to cite its concentration of top-notch universities, such as UCLA, Caltech and USC, as well as renowned institutions like SpaceX and JPL. This clustering of expertise and innovation has propelled Los Angeles to the forefront of the space tech revolution, fostering a dynamic environment for companies like Apex to thrive.
Moreover, the conversation underscored the transformative impact of companies like SpaceX and Rocket Lab, both based in Los Angeles, in reshaping the space industry's cost dynamics. The reduction in launch costs and increased launch frequency have significantly lowered barriers to entry, enabling startups like Apex to achieve remarkable feats in a fraction of the time and budget previously estimated. Cinnamon's account of launching a satellite within 12 months and under $10 million, compared to the historical norms of three years and $50 million, epitomizes the disruptive potential of these advancements, with Los Angeles serving as a fertile ground for such innovation.
Looking ahead, the dialogue explored the future prospects of space exploration, including ventures like lunar orbits and asteroid mining. Los Angeles, with its vibrant tech scene and burgeoning interest in hard tech and space endeavors, is poised to play a pivotal role in these future ventures. With companies like Apex at the helm, Los Angeles is positioned to continue driving innovation and pushing the boundaries of what's possible in the realm of space technology.
Check out the full interview here.
🤝 Venture Deals
LA Companies
- Steno, a provider of legal support and court reporting service, raised a $46M Funding Round led by Left Lane Capital. - learn more
- Neros, an autonomous military drone developer, raised a $10.9M Seed Round from Sequoia Capital. - learn more
- Kudos, a startup that offers an AI-powered smart wallet service that helps users optimize their credit card rewards and benefits when making purchases, raised a $10.2M Series A led by QED Investors, with Patron, Samsung Next, SV Angel, Precursor Ventures, The Mini Fund, Newtype Ventures, and the Four Cities Fund contributing. - learn more
- Infinitform, an AI software for manufacturing, raised a $2.25M Seed Round led by Schematic Ventures. - learn more
- Farcaster, a startup that is building a decentralized social media platform that uses blockchain technology to give users ownership of their data and identity, raised a $150M Funding Round led by Paradigm, with Andreessen Horowitz, Haun Ventures, Union Square Ventures, Variant, and Standard Crypto contributing. - learn more
- Superpower, a personal health optimization startup, raised a $4M Seed Round from Susa Ventures and Long Journey Ventures. - learn more
- Harbinger, an electric truck maker, raised a $13M Funding Round from Coca-Cola's sustainability fund. - learn more
LA Venture Funds
- Thin Line Capital participated in a $20M Series A extension for XGS Energy, a geothermal energy tech developer. - learn more
LA Exits
- Wonder Dynamics, a startup that helps creators create complex VFX characters and visual effects using AI, was bought by Autodesk. - learn more
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Christian Hetrick
Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.
Here's How To Get a Digital License Plate In California
03:49 PM | October 14, 2022
Photo by Clayton Cardinalli on Unsplash
Thanks to a new bill passed on October 5, California drivers now have the choice to chuck their traditional metal license plates and replace them with digital ones.
The plates are referred to as “Rplate” and were developed by Sacramento-based Reviver. A news release on Reviver’s website that accompanied the bill’s passage states that there are “two device options enabling vehicle owners to connect their vehicle with a suite of services including in-app registration renewal, visual personalization, vehicle location services and security features such as easily reporting a vehicle as stolen.”
Reviver Auto Current and Future CapabilitiesFrom Youtube
There are wired (connected to and powered by a vehicle’s electrical system) and battery-powered options, and drivers can choose to pay for their plates monthly or annually. Four-year agreements for battery-powered plates begin at $19.95 a month or $215.40 yearly. Commercial vehicles will pay $275.40 each year for wired plates. A two-year agreement for wired plates costs $24.95 per month. Drivers can choose to install their plates, but on its website, Reviver offers professional installation for $150.
A pilot digital plate program was launched in 2018, and according to the Los Angeles Times, there were 175,000 participants. The new bill ensures all 27 million California drivers can elect to get a digital plate of their own.
California is the third state after Arizona and Michigan to offer digital plates to all drivers, while Texas currently only provides the digital option for commercial vehicles. In July 2022, Deseret News reported that Colorado might also offer the option. They have several advantages over the classic metal plates as well—as the L.A. Times notes, digital plates will streamline registration renewals and reduce time spent at the DMV. They also have light and dark modes, according to Reviver’s website. Thanks to an accompanying app, they act as additional vehicle security, alerting drivers to unexpected vehicle movements and providing a method to report stolen vehicles.
As part of the new digital plate program, Reviver touts its products’ connectivity, stating that in addition to Bluetooth capabilities, digital plates have “national 5G network connectivity and stability.” But don’t worry—the same plates purportedly protect owner privacy with cloud support and encrypted software updates.
5 Reasons to avoid the digital license plate | Ride TechFrom Youtube
After the Rplate pilot program was announced four years ago, some raised questions about just how good an idea digital plates might be. Reviver and others who support switching to digital emphasize personalization, efficient DMV operations and connectivity. However, a 2018 post published by Sophos’s Naked Security blog pointed out that “the plates could be as susceptible to hacking as other wireless and IoT technologies,” noting that everyday “objects – things like kettles, TVs, and baby monitors – are getting connected to the internet with elementary security flaws still in place.”
To that end, a May 2018 syndicated New York Times news service article about digital plates quoted the Electronic Frontier Foundation (EFF), which warned that such a device could be a “‘honeypot of data,’ recording the drivers’ trips to the grocery store, or to a protest, or to an abortion clinic.”
For now, Rplates are another option in addition to old-fashioned metal, and many are likely to opt out due to cost alone. If you decide to go the digital route, however, it helps if you know what you could be getting yourself into.
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Steve Huff
Steve Huff is an Editor and Reporter at dot.LA. Steve was previously managing editor for The Metaverse Post and before that deputy digital editor for Maxim magazine. He has written for Inside Hook, Observer and New York Mag. Steve is the author of two official tie-ins books for AMC’s hit “Breaking Bad” prequel, “Better Call Saul.” He’s also a classically-trained tenor and has performed with opera companies and orchestras all over the Eastern U.S. He lives in the greater Boston metro area with his wife, educator Dr. Dana Huff.
steve@dot.la
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