AI-powered apps can make money, but struggle with long-term retention, new data shows

AI can drive stronger early
monetization for apps, but sustaining value remains the challenge, RevenueCat’s latest report finds.

Uzbekistan’s Uzum valuation leaps over 50% in seven months to $2.3B

Uzum now reaches 20 million users and processes $11B in payments as it expands its e-commerce and fintech ecosystem across Uzbekistan.

Flipkart moves its headquarters back to India ahead of IPO

Flipkart’s headquarters shift comes as the Walmart-backed e-commerce giant reaches about $30 billion in GMV.

X revamps Creator Subscriptions with new features, like exclusive threads and shareable cards

X is rolling out a series of new features for creators, like the ability to offer paid threads and other marketing tools.

Google settles with Epic Games, drops its Play Store commissions to 20%

Google has dropped its commission, charging a 20% service fee and an optional 5% to use its billing services. It will also offer a new process for third-party app stores.

X ads ‘Paid Partnership’ labels for creators so they can ditch the hashtags

The new labels comply with regulations and allow creators to be more transparent with their followers.

Walmart agrees to $100M settlement over deceptive pay practices in Spark Driver program

The suit said Walmart mislead drivers about their possible tips and would reduce their base pay, among other things.

eBay to lay off 800 staff

The latest round of layoffs marks eBay’s third workforce reduction in the past three years.

Etsy sells secondhand clothing marketplace Depop to eBay for $1.2B

The deal comes nearly five years after Etsy purchased Depop for $1.62 billion, at a time when secondhand clothing apps were gaining traction during the pandemic.

Audible’s new ‘Read & Listen’ feature syncs your Kindle ebooks with audiobooks

The feature will require customers to buy both versions of the title, but at a discounted price.