Culture
Pop app: Social media buzz is difficult to maintain

Pop app: Social media buzz is difficult to maintain

Pop app

If you spend time on the internet, you'll know it’s rare to go more than a few months without hearing about a new social media app, each with a fresh angle that promises to break the cycle of mindless scrolling.

This week, it was the turn of Lapse — which, counterintuitively, uses the astonishingly impressive iPhone lens to mimic a disposable camera — ranking 3rd on the App Store chart for free apps.

But, if creating a breakout hit is hard, maintaining that momentum is much, much harder. Analysis of the relative Google search volume for the internet’s most recognizable platforms shows that, bar a few familiar exceptions, whatever interest initially goes up, comes down hard when apps fall out of favor (see: Bebo, Vine, Friendster, MySpace, Clubhouse, BeReal, and many, many more).

Even having one of the most famous people on the planet as your talisman can’t guarantee success. This week, former President Trump’s platform Truth Social reported operating losses of ~$35 million since its inception, as the social network remains in legal and regulatory limbo.

Unsocial media

Platforms like Lapse and BeReal are sometimes billed as being anti-Instagram by attempting to reconnect people with their friends and family in an unfiltered way — filling a gap for social media that’s actually social, rather than focused on news or entertainment.

But, while the mega apps are old and ugly enough to act as lightning rods for regular criticism (Facebook will turn 20 in March), people can’t seem to stop using them. Indeed, just this week, Apptopia data revealed that Meta’s biggest apps saw modest increases in daily users, beating out Gen-Z mainstay TikTok.

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Luke Kawa

Thieves are targeting “Pokémon” cards in robberies since they’ve skyrocketed in value

A real-life mishmash of different Team Rocket wannabes is having a lot more success thieving “Pokémon” cards than Jessie and James ever did in their attempts to pilfer Pikachu throughout the anime series.

The Washington Post reports on a string of DC-area heists of “Pokémon” cards, with CGC Cards Vice President Matt Quinn quoted as saying, “Any time you’re carrying around collectibles that are worth money, whether it be gold bars, Pokémon cards, coins, toy trains, or whatever it might be, you have to be vigilant with knowing that you’re carrying collectibles that can be easily stolen from you,” adding that these episodes are happening across the country.

Gotta thieve ’em all is an outgrowth of the massive boom in the value of “Pokémon” cards, with The Wall Street Journal reporting on 3,000% returns earlier this year. Their meteoric rise has been a big boon to GameStop, whose collectibles business has played a critical role in the stabilization and nascent turnaround of its operations.

Both individual cards and unopened packs have been targeted in robberies of stores and personal residences, per the Post report.

Stealing unopened packs of “Pokémon” cards is effectively thieving and buying call options at the same time: an individual pack might not be worth much on its own, but the most valuable cards in the recently released Mega Evolutions set are going for over $1,000. And at about 23 grams per pack and relative differences in security, the logistics seem a lot less onerous than trying to rob a gold dealer.

(Note: I don’t know for sure. I’m not a thief, besides that Klondike bar one time in high school.)

culture

iHeartMedia surges on report Netflix, competing with YouTube, wants its video podcasts

Video podcasts are becoming a key part of Netflix’s efforts to keep pace closely behind YouTube in the streaming wars.

According to reporting by Bloomberg, the streamer is in talks to exclusively license video pods from iHeartMedia. Shares of IHRT surged on Tuesday morning.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

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