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TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending
Feb 25, 2025
TikTok has made headlines as the first app to hit $6 billion in annual consumer spending, while its counterpart Douyin also contributes to this milestone. The podcast dives into the competitive landscape of app revenue and discusses intriguing partnerships like SoundCloud joining forces with TicketMaster. Additionally, a New York startup is innovating with an AI-driven patent analytics tool, aiming to streamline patent workflows. The importance of financial literacy and participation in startup competitions is also highlighted.
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Quick takeaways
- TikTok has made history as the first non-game app to reach $6 billion in annual consumer spending, showcasing its substantial market presence.
- Google Drive's new feature allows users to search video transcripts directly, enhancing accessibility and engagement without relying on third-party services.
Deep dives
Google Drive Enhances Video Accessibility
Google Drive has introduced a feature that allows users to view and search video transcripts directly within the platform, eliminating the need for third-party transcription services. This update aims to make it easier for users to find specific moments in videos by searching the accompanying transcripts, which will appear in a sidebar alongside the video player. As the video plays, the transcript highlights the text currently being spoken, significantly improving user engagement and accessibility. The feature is rolling out to all Google Workspace customers, individual subscribers, and personal Google account users in the coming weeks.
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