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el producto #294 🚀

Twitter & Youtube podcasts, Instagram copies BeReal, Strategies to grow your product, Reddit free NFTs, Creating a startup's roadmap, TikTok local content & more

Angel Jaime
Aug 27, 2022
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el producto #294 🚀

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Hey team,

Happy weekend & welcome to a new edition of el producto. And a special thank you to the 18 new subscribers that joined this week!

If you got this email forwarded, you can subscribe for free to support my work. If you are already subscribed, please forward it :)


🎰 The week in figures

$8B: Amazon is one of the bidders for home-health-services provider Signify Health; Signify, which is for sale via auction, will potentially be valued at more $8B+; Amazon recently agreed to pay $3.9B for One Medical, which was the first major acquisition under healthcare focused CEO Andy Jassy

$1B: Munich-based Celonis raised $1B at $13B valuation; Celonis helps companies spot and fix inefficiencies using “process mining” tools

$295M: EBay Inc. is set to acquire TCGplayer, a marketplace for collectible card games, for $295M; the deal is expected to close in Q1 2023

$199M: AI startup Anyscale raised an additional $99M in Series C funding, bringing the total round to $199M; the startup's Ray software and related tools help businesses streamline and scale AI projects and applications

$185.3M: Nike has made $185.3M in revenue from NFT drops, the most of any brand; Nike's NFTs have collectively been sold for $1.3B in the secondary markets

$130M: NY-based mental health startup Alma raises $130M; Alma assists therapists in managing their practices

$100M: Tamara, a buy-now-pay-later startup in Saudi Arabia, raised a $100M Series B

$60M: Texas-based Happy Health has raised $60M in Series A funding; the company has designed a wearable ring that measures stress levels and other health parameters

$60M: Zilliz has raised a $60M Series B; the company offers an AI platform that enables others to create applications using AI and Machine Learning

$56M: Estonia-based Web3 startup Ready Player Me recently raised $56M Series B; the startup is building metaverse-facing 2D and 3D avatars for its 3,000 partners 

+39%: Buy now, pay later (BNPL) company Affirm's revenue rose by 39% YoY to $364.1M; the company's net loss increased from $123.4M in Q4 2021 to $186.4M in the latest quarter; Affirm's revenue rose by 55% YoY in Fiscal Year 2022 to $1.3B. Its net loss was $707.4M, up from $441M in the fiscal year 2021

+39%: Instacart's revenue rose by 39% YoY in Q2 to $621M, making it the best performing quarter in the company's history; over 60M orders were placed on its platform in Q2, a 25% increase YoY

+8%: Zoom released its Q2 earnings, reporting an 8% revenue growth YoY, down from 12% reported in Q1; Zoom generated $1.1B in total revenue. Net income came in at $45.7M, down from $316.9M reported the prior year

-28%: Peloton's revenue declined by 28% YoY in Q4 to $678.7M; the company's net loss increased from $312.2M in Q4 2021 to $1.2B in the latest quarter; this marked the sixth straight quarter that Peloton recorded a net loss; the company's full-year revenue was $3.6B, down from $4B in the previous year; its full-year net loss rose from $189M in the previous year to $2.8B; a limited number of Peloton's products are now being sold on Amazon's U.S marketplace

-81%: the number of new job postings including the word "metaverse," dropped 81% between April and June


📰 What’s going on

Twitter is integrating podcasts into its redesigned Spaces Tab, including curating suggestions based on who you follow and what content you interact with; the redesign will involve personalized hubs with themes like news, music, and sports and will be visible to a group of English-speaking audience on iOS and Android; the move comes days after Youtube kicked off its podcasting strategy by starting with a new "Podcasts" page that features recommendations based on subscription and history

Instagram is testing a BeReal-style feature called Candid Challenges internally on its platform; Instagram users participating in Candid Challenges will get a random notification daily to take a front and rear-facing photo of their surroundings which can be posted to their Story; BeReal is currently near the top in Apple’s App Store ahead of Facebook and Instagram

Twitter avatar for @alex193a
Alessandro Paluzzi @alex193a
#Instagram is working on IG Candid Challenges, a feature inspired by @BeReal_App 👀 â„č Add other's IG Candid to your story tray. And everyday at a different time, get a notification to capture and share a Photo in 2 Minutes.
Image
7:54 PM ∙ Aug 22, 2022
350Likes98Retweets

Microsoft has been increasing ads in Outlook mobile that look like emails; previously, ads were put in the “other” tab for free users, while the “focused” tab was ad-free, but now all ads can appear in all inbox tabs; users can avoid ads in Outlook mobile by paying for a Microsoft 365 subscription

Apple has sent out press invites to its presumed iPhone launch event on Sept. 7; Apple is expected to unveil the 6.1-inch ‌iPhone 14‌, 6.7-inch ‌iPhone 14‌ Max, 6.1-inch ‌iPhone 14 Pro‌, and 6.7-inch ‌iPhone 14 Pro‌ Max

Google has opened up registrations for its "AI Test Kitchen" app for users to download and interact with its AI chatbot and other experimental technologies; the app lets users chat with LaMDA, Google's AI language model for conversations

Meta will launch its next virtual reality headset at its Connect conference in October, Mark Zuckerberg told the Joe Rogan Experience podcast on Thursday; the headset will have tracking to reflect a wearer's facial expressions and eye movements through their avatar in real-time

Meta's latest promotional video teases the company's Project Cambria headset; the headset is expected to release later this year; the video focuses on how one East African cycling team is using Meta's hardware to connect with one another and train for races

Brian Armstrong, CEO of Coinbase, announced that the company will focus more on its subscription services; the company will move away from trading fees on the platform as a source of revenue

Reddit is airdropping NFTs to some of its avid users at no cost; long-term users on the platform will be given free NFTs for contributing to the community forums

ByteDance launched a search app called Wukong in China, where Google is banned, just days after Tencent shut down its Sogou search app; Wukong is available on Apple and Android app stores in China and promotes itself as providing quality information without ads

TikTok is testing a feature called “Nearby” which is designed to show users local content; the test is being rolled out to select users in Southeast Asia; the feature comes after Instagram launched a searchable map, similar to Snapchat’s Snap Map

Fitbit launched three updated, sleeker, and lighter fitness trackers: the Inspire 3, Versa 4, and Sense 2; the new watches use Fitbit's OS rather than parent company Google's wearable OS; the Fitbit's show improvements over its competitor Apple Watch in battery life, only taking 12 min of charging to hit a full day's worth of battery

Twitch is lifting its exclusivity agreement that bars partners from streaming on other services; content creators can now go live on other platforms as long as they are not also live on Twitch; Twitch is putting limits on simulcasting live broadcasts to multiple “Twitch-like” platforms, including streaming on YouTube or Facebook for “extended periods of time” but simulcasting to mobile services like TikTok and Instagram Live is allowed

ParagraphAI released a free AI writing assistant built on top of OpenAI's GPT-3; the tool, which generates articles, essays, and other original texts, is free in Google's Chrome Web Store and Apple's App Store

Crypto developer infrastructure startup Alchemy acquired ChainShot, an education startup that runs coding bootcamps for web3 developers; Alchemy, raised a $400M Series C1 last year and has seen a 10x increase in teams building on its platform over the past year; ChainShot started as a hackathon project at ETHDenver 2018 and has seen a 180% growth in enrollment since January 2022 

SpaceX is teaming up with T-Mobile to eliminate mobile dead zones with their “Coverage Above and Beyond” setup; with the plan, phones can connect to a satellite and use a portion of a connection providing ~2-4 megabits per second connection across a coverage area; the connection provides enough to text, send MMS messages, and use “select messaging apps” when users have a clear view of the sky, even when no traditional service is available

Sony says it will release its next-generation virtual reality headset for the PS5 in early 2023; Sony has yet to reveal a price for the PlayStation VR2; the original PSVR first retailed for $499.


📚 Good reads

The Product-led-growth story of Lattice. How a strong belief in valuing the people behind your business led to the birth of a unicorn worth $3B today

How to create and align your company’s first product roadmap? Creating clarity amidst ambiguity with the first product roadmap at a startup, by Lisa Zane

All the ways to grow your product. Lenny Rachitsky made a handy summary of all of the ways to grow your product

table

“Frameworks I can’t live without,” by Greg Isenberg. Not only product stuff, but worth a check:

a close up of text on a white background

That’s all for today! Let me know what you think by replying back to this email

Angel


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