Tech Brew Ride Home Tue. 03/12 – Is TikTok Coming For Instagram?
5 snips
Mar 12, 2024 Apple is making waves with new App Store policies, allowing developers to directly offer apps via their websites in Europe. Taxpayers can now file online for free in select states. Bitcoin is hitting record highs, with $2.7 billion flooding into crypto, driven by ETF offerings. Meanwhile, TikTok is working on a photo-sharing platform to challenge Instagram amid stagnating user growth. The discussion also touches on how generational shifts in social media engagement reflect broader cultural changes.
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EU App Store Changes
- Apple will allow EU developers to offer apps via their websites, bypassing the App Store.
- Developers must opt into new terms and pay a fee for installs over $1 million.
Online Tax Filing
- A new IRS system, DirectFile, enables free online tax filing in 12 US states.
- This pilot program aims to simplify filing and potentially replace commercial software like TurboTax.
Bitcoin ETF Impact
- Bitcoin's surge past $72,000 is likely due to increased accessibility through Bitcoin ETFs.
- Record inflows into these ETFs suggest wider market participation.