#user-growth

#user-growth

More than 200 million people across Europe now come to TikTok every month to express themselves, be entertained, learn a new hobby or skill and find or grow a business. That's up from 175 million people last year, and approaching a third of the population of the continent across the EEA and UK.

The S&P 500 has risen about 10% this year and is hovering near its all-time highs. That rally was largely driven by the tech sector's robust growth rates, big buybacks, earnings beats across the market, easing trade tensions, and hopes for deeper interest rate cuts. But with a price-to-earnings ratio of 30, the S&P 500 also looks historically expensive. However, some of the S&P 500's top stocks are outperforming the benchmark index by a wide margin but still trading at reasonable valuations.

Snap (SNAP) CEO Evan Spiegel has spent around $3 billion developing Spectacles, which are the social media company's augmented reality glasses. Indeed, he believes that they are an essential part of Snap's future. However, despite this massive investment, Spectacles have yet to find mainstream success. Now, Snap is considering raising outside funding to help the product better compete with rivals like tech giant Meta (META), according to The Information.

"We will build other products, and those other products can have different dimensions to them, and maybe ChatGPT just isn't an ads-y product because it's just so deeply accountable to your goals. But it doesn't mean that we wouldn't build other things in the future, too," Turley said.

Bumble's total paying users dropped 8.7 percent to 3.8 million in the second quarter, raising concerns about the effectiveness of its improvement strategies and AI initiatives.

Grifin has raised $11 million in Series A funding and surpassed 500,000 registered users, reflecting strong confidence in its investment model.

Elon Musk’s vision for platform X included projections of reaching 600 million active users by 2025 and 931 million by 2028, indicating ambition for growth.

Netflix's ad-supported tier has grown substantially, now reaching over 94 million users monthly, a significant rise from previous figures reported in 2024.