🗞️ Links & Thinks from 2023.02.20
Platform By Numbers
The household names have disclosed EU user counts as they prep for the new Digital Services Act to take effect. Here’s the leaderboard:
- YouTube: 401M
- Google Search: 332M
- Facebook: 255M
- Instagram: 250M
- TikTok: 125M
- LinkedIn: 122M
- Bing: 107M
- Twitter: 101M
Teens watch a lot of YouTube pic.twitter.com/EnY7LLX1S4
— Matt Navarra (@MattNavarra) February 10, 2023
Making waves on the retail side of things is the Chinese purveyor of ultra-cheap goods: Temu. It’s following the Shein playbook (but with more product categories) for growth. The app was released stateside in September last year and still cracked the top 10 for most downloaded shopping apps.
What happens when Temu meets a skittish market?
69% of consumers [internationally] plan to cut back on nonessential spending over the next six months.
But don’t worry, there’s still splintering.
PwC’s findings align with other research suggesting that high-end buyers are fairly insulated from inflation and other financial difficulties.
Just The Headlines
Pacsun launches tycoon-based Roblox experience (When you can’t run ads on a popular and growing platform, you make native content.)
GoDaddy says a multi-year breach hijacked customer websites and accounts (Yikes.)