TikTok, the global breakthrough app from Chinese owner ByteDance, is still the world’s most popular app but growth is slowing from last year. According to data from Sensor Tower, there were a combined 80 million app installs of the international app TikTok and its domestic Chinese version Douyin in May. That’s a decline from last year when there were 112 million downloads. On the bright...
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Creator Economy startups
Gumroad Turns a Profit After Price Hike
Gumroad, which provides tools to creators including landing pages and help with product sales, recorded the largest monthly profits in its 11-year history in recent months after raising prices.Gumroad recorded net income of $82,270 in January, Sahil Lavingia, Gumroad’s founder and CEO, told its crowdfunding investors and creators Thursday in a presentation that was available via Zoom. Net...
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