The owner and parent company of Facebook, Meta, in a move to expand its fastest-growing content format, has disclosed the launching of Reels, a short video feature targeted at improving content creators’ earnings, Mark Zuckerberg stated via his official Facebook page.
Reels will be made available on iOS and Android in more than 150 countries in the coming month.
The social media giant prioritized Reels after realizing it has lost a third of its market value through a dismal earnings report. It also sees it as a means of creating competition with the explosively popular short-video app TikTok, owned by Chinese tech giant ByteDance.
The new update is expected to include; reels in stories, reels in a watch, top of the feed, and suggestion reels in feed, in order to make it easier for creators to share crosspost – sharing reel to their Facebook and Instagram audience, and it is also part of the variety of opportunities it is creating for creators to earn up to $35,000 a month – based on the views of their qualifying reels.
According to the tech giant, the company is known for building on its experience in helping creators earn meaningful income from their monetization products like in-stream ads and Stars. It is also building direct monetization options for Facebook Reels through ad revenue share and fan support, while it expands the bonus program to more countries so that more creators can get rewarded for creating reels that their communities love.
The tech giant claimed to be starting with two formats which are banner ads that will appear as a semi-transparent overlay at the bottom of a Facebook Reel and sticker ads, a static image ad that can be placed by creators anywhere within their reels. The creators are expected to earn a portion of the ad revenue through non-interruptive ads.
However, the company which has been testing full-screen and immersive ads in between Facebook Reels since October of last year will be rolling out to more places around the world over the coming months while it looks for a way to include other development such as new tools that would make creators earn more with ads and Stars before it is made available in mid-March.
It is noted that Reels has been in existence on Facebook in India, Mexico, Canada, the U.S, and is now available across sub-Saharan Africa in Zimbabwe, Zambia, Uganda, Tanzania, Swaziland, South Africa, Seychelles, Senegal, Rwanda, Nigeria, Namibia, Mali, Malawi, Lesotho, Kenya, Guinea, Ghana, Cape Verde, Cameroon, Burkina Faso sequel to this launch.
Elon Musk Envisions X as the Future of Your Financial Life
Tech visionary Elon Musk unveiled his vision for X, aiming to transform it into the epicenter of people’s financial worlds by the end of 2024.
Musk’s plan transcends mere payment solutions, targeting nothing short of the complete financial ecosystem, including money and securities. “You won’t need a bank account,” he affirmed.
X, led by CEO Linda Yaccarino, sees this as an ambitious opportunity that could reshape the financial landscape as we know it.
Musk expressed his unwavering commitment to the cause, stating, “It would blow my mind if we don’t have that rolled out by the end of next year.”
This ambition traces back to Musk’s dot-com-era online bank, X.com, which later evolved into PayPal. Musk aims to take a page from his earlier playbook, hoping to outshine PayPal with a more comprehensive approach.
The platform’s offerings are set to include high-yield money market accounts, debit cards, checks, and loan services. Musk’s endgame? An ecosystem that empowers users to send money worldwide instantly and in real-time.
However, this transformation is not without its challenges. Elon Musk must convince users of the necessity of such an all-encompassing platform while gaining their trust with their financial lives.
The vision of X as an “everything app” resonates with the rise of super apps like WeChat in China, which provide users with access to a myriad of services, from shopping to transportation.
As X positions itself to revolutionize the financial industry, Musk’s audacious endeavor promises to change the way we handle money, potentially eliminating the need for traditional banking as we know it.
The world watches with bated breath to see if Musk’s bold vision will become a reality.
WhatsApp Introduces Dual Account Feature, Enabling Users to Sign Into Two Accounts
WhatsApp has introduced a groundbreaking innovation that promises to redefine the user experience.
This new feature allows individuals to simultaneously manage two WhatsApp accounts on a single device, eliminating the need for dual phones.
The eagerly anticipated announcement was made by Mark Zuckerberg, Facebook’s CEO, who assured Android users that this feature will soon grace their screens.
Gone are the days of juggling multiple WhatsApp accounts, a task that often required carrying two separate devices. While tech giants like Xiaomi and Oppo had previously introduced app cloning features for multiple WhatsApp instances, WhatsApp’s integrated approach sets a new standard for seamlessness.
This innovation is poised to be a game-changer for users who navigate both personal and professional realms on this ubiquitous messaging platform.
Cumbersome login-and-logout routines and the perpetual concern of messaging from the wrong account will soon be a thing of the past, replaced by a newfound ease of multitasking.
Activating this feature is a straightforward process. Users need only navigate to the ‘Settings’ menu and select ‘Add Account.’ During setup, a second phone with a SIM card or a device supporting eSIM technology is required to unlock the full potential of multi-SIM functionality.
WhatsApp ensures that each account can have its own customized notification and privacy settings, preserving data integrity and personalization.
In addition to the dual account feature, WhatsApp recently introduced passkey support for Android, enhancing security by providing an alternative to SMS-based two-factor authentication.
This latest advancement underscores WhatsApp’s dedication to user convenience, connectivity, and digital identity security, setting the stage for a more organized and efficient way of communication.
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