TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending

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.