Sources: Instagram and YouTube gear up to welcome TikTok users; two Meta employees say execs discussed resource allocation on January 15 to handle TikTok users (New York Times)
A look at Pump.Fun, a service for launching memecoins that has generated $350M+ in revenue via a 1% trading fee in the 12 months since its launch in Jan. 2024 (Joel Khalili/Wired)
Researchers fear TikTok is softening Taiwanese youth's stance on China with pro-China content; a report says 22% of Taiwan's population uses TikTok or Douyin (Kathrin Hille/Financial Times)
In a deposition for the Kadrey v. Meta copyright case, Mark Zuckerberg seemingly cited YouTube to justify Meta's use of copyrighted data for AI training (TechCrunch)
India has deployed AI and other tech at the Maha Kumbh Mela in Prayagraj to ensure the safety of ~450M pilgrims and trace missing people during the festival (Bloomberg)
Amazon acquires Indian BNPL startup Axio for an undisclosed sum; Axio raised $232M in equity and debt, claims 10M+ customers, and a loan book exceeding $260M (Manish Singh/TechCrunch)
Sources: TikTok CEO Shou Chew plans to attend Trump's inauguration after being invited to sit on the dais, joining Mark Zuckerberg and Elon Musk at the event (New York Times)