How Reels Overtook YouTube on Revenue

Coming to you live from Las Vegas with the first of the CES madness. More signs that insider betting on prediction markets is going to become something we’re going to have to live with. Is Reddit bigger than TikTok now, at least by one measure? And how Reels became bigger than YouTube by maybe the most important measure.

• Exclusive: Samsung to double AI mobile devices to 800 million units this year (Reuters)
• Voice control opening and closing comes to Samsung’s Family Hub smart fridges (The Verge)
• Someone made a ton of money betting on Maduro’s capture (The Verge)
• SpaceX, OpenAI and Anthropic prepare to launch landmark IPOs (Financial Times)
• Reddit overtakes TikTok in UK thanks to search algorithms and gen Z (The Guardian)
• How Meta’s Reels Became a $50 Billion Business (WSJ)

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