Nearly half of all purchases were for £20 or less, implying the developing social market is leaning towards attracting consumers of smaller luxuries.
More Social Media articles
In brief: The number of concurrent users in Horizon Worlds is less than Second Life, which debuted in 2003.
Why does it take the death of a young girl to get answers from Facebook in public and on the record in this way, asks the editor.
In brief: Meta is freezing hiring and will restructure teams, including by reducing headcount.
In brief: the figure represents around 1% of total videos posted on the platform, in line with previous reports throughout 2021.
In brief: TikTok could face a £27m fine after an investigation by the UK’s Information Commissioner’s Office.
Accounts belonging to politicians, political organizations, or governments will not have access to features like gifting, tipping, and e-commerce, and will be ineligible for TikTok’s Creator Fund.
In brief: Meta VP Vivek Sharma, who heads the Horizon metaverse platform, is leaving the company for another undisclosed opportunity.
There are many examples of media companies getting it wrong. But how did they themselves into this mess in the first place, asks Stephen Arnell.
In brief: Google has created a waitlist for users interested in helping test the company’s latest LaMDA 2 (Language Model for Dialog Applications) AI chatbot.