Substack is attempting to lure select TikTok posters to its publishing platform with the launch of Substack Creator Studio. Billed as “a fellowship for the next wave of video stars to turn their TikTok channels into Substack shows and communities,” the outlet says video-native creators will be able to forge a “more direct, intimate relationship with their audience” on Substack, while making money from subscriptions. Only 10 fellows will be initially selected, and given access to consulting and production support from Adam Faze’s Gymnasium short-form studio, producer of the TikTok series “Boy Room.” Continue reading Substack Creator Studio Bows with 10 Video Fellowship Slots

Details are emerging about the text-based Twitter competitor being developed by Meta Platforms. What is being referred to internally as “Instagram’s new text-based app for conversations” will offer a feed with text posts of up to 500 characters that are capable of attaching links, photos, and videos. The move comes as alternatives including Bluesky, Cohost, Hive, Mastodon and Substack try to gain market share by luring disaffected Twitter users to their platforms. Instagram’s entry in progress — codenamed “P92,” and alternately referred to as “Barcelona” — may soon be interoperable with all of them. Continue reading Meta Testing Decentralized Instagram App as Rival to Twitter

Twitter appears to be angling for a slice of the newsletter market, with tweets of up to 10,000 words now available to Twitter Blue subscribers in the U.S. That’s more than double the 4,000-character limit paid accounts were extended in February. Those using the platform’s free tier are still allowed only 280-character tweets. The lengthy posts are intended to help users monetize through subscriptions, which can be priced at $2.99, $4.99 or $9.99 per month. In addition to the character cap increase, Twitter Blue subscribers will also gain access to support for bold and italics text formatting. Continue reading Twitter Pushes Subscriptions and Increases Its Character Cap

Substack, the web-based publishing and discovery platform, has opened an investment round to its writers and potentially other retail investors. Founded in 2017, the company has already raised more than $85 million, most recently from venture firm Andreessen Horowitz and entrepreneur Audrey Gelman. But last year, in a rough economic climate, it reportedly came up dry and is now asking the many writers who rely on it to put skin in the game. Based on early response, Wednesday’s announced goal of $2 million was upped to $5 million the next day. Continue reading Substack ‘Community Round’ Outperforms Its Funding Goal

Magazine reading app Flipboard is aiming to relocate some of the online discussion taking place on Twitter to its own platform. Users — which Flipboard calls “curators” — can “write new notes and start conversations” within their magazines, a move to give content creators “more ways to connect with their followers on Flipboard.” Now, curators who open any of the magazines they manage will find in the navigation bar a new “Create” icon they can click to create a note. “Use notes to write messages to your followers, ask them questions or even welcome new readers,” Flipboard suggests. Continue reading Magazine App Flipboard Makes a Push for Social Interactivity

Social media giant Facebook recently unveiled Bulletin, a near-clone of the newsletter platform Substack. Despite its complicated relationship with journalists, Facebook thinks it can succeed by offering them better terms; whereas Substack takes a 10 percent cut of writers’ revenue, Bulletin will take nothing — at least for now. Best-selling authors Malcolm Gladwell and Mitch Albom will be among the first Bulletin writers. Facebook chief executive Mark Zuckerberg said the goal is to “support millions of people doing creative work.” Continue reading Facebook Targets Substack with Newsletter Platform Bulletin

Substack is home to writers who establish their own publications. Now the email newsletter startup will spend $1 million total for one-year stipends for up to 30 journalists interested in covering local news. A few writers already use Substack for subscription-based local news sites and co-founder Hamish McKenzie said there are “encouraging signs” that the model works for reporting and local news. Former Vanity Fair editor Jon Kelly is building an online newsletter where writers will share in the subscription revenue. Continue reading Startup Substack Invests $1 Million in Local News Journalism

Chicago-based Baron App Inc. launched Cameo four years ago to enable celebrities to sell messages and personalized videos to fans, for anywhere from $5 to $2,500+. The company recently tripled its 2019 valuation of about $300 million to $1+ billion, with a $100 million funding round led by e.ventures and participation by SoftBank Group’s Vision Fund 2, professional skateboarder Tony Hawk, United Talent Agency and Alphabet’s venture-capital arm GV. Baron App previously raised $50 million for Cameo in 2019. Continue reading Cameo Connects Celebs with Fans, Reaches $1B+ Valuation

According to sources, Facebook is developing an audio chat product to compete with Clubhouse, a social networking app that has gained popularity with young people who gather and chat about various topics. Facebook chief executive Mark Zuckerberg, reportedly interested in audio products, has appeared on Clubhouse to chat about augmented reality and virtual reality. Facebook is also known for cloning popular products. Facebook’s audio product is, added the sources, in an early stage of development. Continue reading Facebook Developing a Product to Rival Chat App Clubhouse