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3 Shifts Edition (Nov 22 2024): The growth of Threads & Bluesky, Big tech under CFPB supervision, Smart displays as your home hub
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Hi everyone – welcome to your [AI-generated] 3 Shifts Edition.
Our first Shift looks at the eye-opening growth of X alternatives Threads (owned by Meta) and Bluesky, in the aftermath of the election and the subsequent exodus of “Twitter quitters.” While X remains the leading “digital public square” app, Threads is nearing its size and Bluesky is growing fast.
Next, big tech firms are starting to get regulated like banks. The US CFPB just finalized a rule to put 7 large nonbank companies with digital payment applications under supervision – including Google, Apple, Amazon, PayPal, PayPal-owned Venmo, Block (Cash App), and Zelle.
Finally, a market shift for the coming shopping season – the past few weeks have seen momentum behind wall-mounted smart displays from big tech firms. Big tech is hoping these smart displays become the new hub for the consumer home.
One final note – the 6Pages team is going on hiatus next week so we can spend some quality time over Thanksgiving with family and loved ones. We hope you get to do the same.
Thank you for being part of the 6Pages community – we are grateful for you.
– Tam
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