Tuesday☕️
Trending:
- Israel Protests
- TikTok Music Streaming
Markets:
- Yesterday's U.S. stock market:
- Yesterday's crypto market:
Israel Protests:
- Nationwide protests erupted across Israel on July 24, 2023, in response to the parliament's approval of a bill that curbs some Supreme Court powers, resulting in 19 arrests. Passed by a 64-to-0 vote after opposition lawmakers walked out, the law limits the Supreme Court's authority to overturn certain government decisions.
- Critics warn that the new law could endanger Israel's democracy by granting excessive power to the executive, while the government believes it provides a crucial balance of power.
- Opposition factions plan to contest the law in the Supreme Court, and Prime Minister Benjamin Netanyahu has urged for discussions, intending to reach a full consensus by the end of November. This crisis has also incited controversy within the military ranks.
TikTok Music Streaming:
- TikTok is expanding its reach into the music streaming sector, challenging Spotify and Apple Music's dominance. This month, TikTok launched its music streaming service in Indonesia and Brazil, which are its second and third-largest markets, and began testing TikTok Music in Australia, Mexico, and Singapore.
- Analysts believe TikTok's large user base could easily convert to TikTok Music, potentially reducing customer acquisition costs. The service aims to enable users to save, download, and share their music from TikTok. The music streaming market is currently dominated by Spotify and Apple Music. The company's expansion plans come as it seeks growth outside the U.S., amid political challenges.
Statistic:
- Time to reach 100 million users:
- Threads: 5 days
- ChatGPT: 2 months
- TikTok: 9 months
- WeChat: 1 year, 2 months
- Instagram: 2 years, 6 months
- myspace.com: 3 years
- WhatsApp: 3 years, 6 months
- Snapchat: 3 years, 8 months
- YouTube: 4 years, 1 month
- Spotify: 4 years, 7 months
- Telegram: 5 years, 1 month
- Twitter: 5 years, 5 months
- Uber: 5 years, 10 months
- Pinterest: 5 years, 11 months
- Google Translate: 6 years, 6 months
- LinkedIn: 7 years, 11 months
Article Links:
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