馃搷 Pinterest is Losing Millions of Users!

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Welcome to Roy Overload, the business, tech and finance newsletter. I'm Scott declary. This is what is making news today. Despite a twenty four million user decline on Pinterest, the per user revenue is still increasing. However, they got to fix their leaky bucket a sap. Scarlett Johanson Sues Disney, the horizon blockchain game raises four point five million and twitter improves its spaces discovery capability. Let's jump right into it. Okay, so first story pinterest. Pinterest, pinterest. They're not doing so great. The easy the easing lockdowns and reopening of physical stores have led to a sharp decline in the Pinterest user base. Over the past three months alone, they've lost twenty four million users. This decline appears all the more significant after the platform witnessed eleven consecutive quarters of growth in the person percentage terms. The platform has experienced a five percent decline in their total user base year on year. The second quarter of two...

...thousand and twenty one sees Pinterest user base standing at three hundred and sixty three million international international monthly active users and ninety one million US based monthly active users, and the last quarter of q one two thousand and twenty one. These two numbers stood at three hundred and eighty million and ninety eight million respectively. Let's try and figure out why Pinterest is losing so many users. Well, of course covid is starting to subside. People are starting to go back to, quote unquote, real life and obviously less people are spending time online. Pinterest says at the Vaccine Rollout, reopening of physical stores and all of the benefits that e commerce and online saw. They're starting to subside. So, on a positive side, the engagement of the Plat of the platform with its users remains steady, both in terms of shopping and search, and implies that users are still curious to discover and buy new products and brands through pinterest.

And it almost seems like the pandemic allowed people to almost like rediscover the benefits of Pinterest. So, owing to the steady volume, the global average revenue per user of pinterest increased in q two, two thousand and twenty one, from q one two thousand and twenty one and Q to Two thousand and twenty one. Pinterest has earned one dollar and thirty two cents per user, whereas it was a dollar and four cents back in que one of two thousand and twenty one. Scarlett Johansson is suing Disney. So the Hollywood actress Scarlett Johanson his file the breach of contract suit against Disney. The lawsuit filed in the Los Angeles Supreme Court by the actress alleges that Disney breached the agreement by releasing her movie black widow on Disney plus simultaneous to its theatrical debut. As stated in Miss Johansen's filings, a theatrical release implies an exclusive release limited to movie theaters only, meaning that a lot more money would be going to movie theaters versus if it's a streaming release and a lot less money is going to movie...

...theaters. Going against the norm established in Hollywood, Disney has directed Marvel, a company it owns, to release the film simultaneously on Disney plus streaming services as well as in movie theaters, which, of course, the initial contract is. SCARLOT Johanson filed. She has no income, no money coming from any of the streaming service revenue. So it replying to M Johnson's filings, Disney has termed the filing merit list. The company has also alluded to the quote unquote, callous disregard for the horrific and prolonged global effects of the covid nineteen pandemic that they believe to be reflected through her filing. Disney is also said that it is in full compliance with this contract with Miss Johnson and the release of the film on Disney plus enables her to earn an additional compensation over and above the twenty million dollars in fees that she has received to date. According to John Berlinski, and attorney representing Scarlett Johansson, the studio is hiding...

...behind the pretext of covid nineteen to increase its subscriber base and stock price by releasing black widow directly onto Disney plus and not allowing Ms Johanson to renegotiate her contract, when apparently she had actually asked them ahead of time when she realized that they were planning on doing this joint release. In blockchain news, horizon blockchain games just raised four point five million dollars. Horizon blockchain builds games on on the blockchain and also offers tools that help other developers do the same. The platform is raised a little more than thirteen million to date. With its latest funding round. A four point five million investors to back this round of funding includes CMT digital, the exchange company, bitcraft ventures, Kalid virgie and a Zeishan. KABBA. Horizon has a two prong strategy to deploy these funds. The first strategy relates to Skyweaver, I'm competitive digital trading card game that leverages the potential of blockchain to give its players more practical ownership of their virtual cards, and the second relates to its development of Arcadium and the theium powered...

...platform for handling in the game items. However, after the rebranding, arcadium has become sequence, a conveniently integradable wallet system. Sequence aims to manage all sorts of digital items, including virtual gaming, goods and FT R and more. With skyweaver, the plan is to make its private Beta version more open and wide in its use and applicability. And in Social Media News, twitter improves its spaces discovery capability. So, if you don't know what spaces is, basically spaces is twitters clubhouse clone. At twitter has released new enhancements for its audio spaces tool. You would see that at the top of the screen when you're scrolling through twitter on your phone you see a whole bunch of little circles that you can tap in. I think they're highlighted in purple, if I'm not mistaken. You can go and have live audio conversations these and hat. These enhancements at twitter is making for spaces will lead to easier sharing of spaces, boosting awareness and engagement. The newly introduced search tools will also help...

...find the most relevant spaces. The first enhancement will help space has attendees to directly tweet from within the space, letting their audience know that they're in the space. The tweet will include a relevant Hashtag and space link, making it easier to amplify and to join. The second enhancement sees twitter adding some new search components and options within the spaces t have for people to find relevant spaces. Finally, twitter has added some new guest management features within spaces as well. The Control Bar for participants will be available on top of the guest management page, allowing for more ad men tools and, of course, if somebody's acting out, you can probably get rid of them. Some other stories that I found around the web. CHROMEBOOK PC's are continuing to grow after a record after recording a shipment of twelve million units in q. One two thousand and twenty one chrome books have again hit a figure of eleven point nine million shipments this quarter, which is a seventy five percent increase in growth your over year. The IMF, or the International Monetary Fund, has decided to step up monitoring on digital currencies. So the IMF is trying to monitor Crypto to more...

...efficiently facilitate the quote unquote, far reaching and complex trend transition to a digital economy. No word as how they're actually going to do it, they're just putting it out there. And lastly, Softbank just invested in a company called Williatt. They led a two hundred million dollar funding around to Williatt. It's a California based, four year old start up. Go check them out. I don't know much about the company, but I like finding it with soft bank is up to, because they makes them interesting investment choices and they're definitely one to watch. anyways, that's it for today. I hope you enjoyed if you found any value, go share this with your friends, family, piers, Co workers and they can go subscribe at newsletter to Roy Overload.

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