{"id":626896,"date":"2023-04-08T09:49:42","date_gmt":"2023-04-08T14:49:42","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/08\/daily-crunch-copy-from-china-social-media-app-lemon8-squeezes-its-way-into-us-top-10\/"},"modified":"2023-04-08T09:49:42","modified_gmt":"2023-04-08T14:49:42","slug":"daily-crunch-copy-from-china-social-media-app-lemon8-squeezes-its-way-into-us-top-10","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/08\/daily-crunch-copy-from-china-social-media-app-lemon8-squeezes-its-way-into-us-top-10\/","title":{"rendered":"Daily Crunch: \u2018Copy-from-China\u2019 social media app Lemon8 squeezes its way into US top 10"},"content":{"rendered":"<div>\n<p id=\"speakable-summary\"><em>To get a roundup of TechCrunch\u2019s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, <\/em><a href=\"https:\/\/techcrunch.com\/newsletters\/\"><em>subscribe here<\/em><\/a><em>.<\/em><\/p>\n<p>Hello, and welcome to your Friday. Did the week drag on, or did it go by quickly for you? Or maybe you had today off. No matter, I\u2019m here to bring you all of today\u2019s techy goodness. The lesson for today: \u201c<a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/dont-ever-leak-data-but-especially-if-youre-building-this\/\">Don\u2019t ever leak data<\/a>.\u201d<\/p>\n<p>Oh, and support our colleagues over at the <a href=\"https:\/\/pod.link\/chainreaction\" target=\"_blank\" rel=\"noopener\">Chain Reaction<\/a> and <a href=\"https:\/\/pod.link\/found\" target=\"_blank\" rel=\"noopener\">Found<\/a> podcasts: They were <a href=\"http:\/\/vote.webbyawards.com\/\" target=\"_blank\" rel=\"noopener\">nominated for a Webby<\/a>, so please <a href=\"https:\/\/vote.webbyawards.com\/PublicVoting#\/2023\/podcasts\/general-series\/technology\" target=\"_blank\" rel=\"noopener\">support them with a vote<\/a> by April 20. \u2014 <a href=\"https:\/\/twitter.com\/ChristineMHall\">Christine<\/a><\/p>\n<h2>The TechCrunch Top 3<\/h2>\n<ul>\n<li><a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/lemon8-bytedance-copy-from-china\/\"><strong>That\u2019s one a-spicy application<\/strong><\/a>: ByteDance\u2019s latest hit, Lemon8, which some describe as a cross between Instagram, Pinterest and Amazon, is now sitting among the top 10 apps in the U.S. However, <a href=\"https:\/\/twitter.com\/ritacyliao\" target=\"_blank\" rel=\"noopener\">Rita<\/a> says Lemon8 is more like another app called Xiaohongshu and discusses why ByteDance may have taken another page from the China playbook.<\/li>\n<li><a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/the-first-cohort-of-upcoming-unicorn-ipos-is-taking-shape\/\"><strong>Get your unicorn horn ready<\/strong><\/a>: You\u2019re going to need a TechCrunch+ subscription to read this next one, but I promise, it\u2019s worth it. <a href=\"https:\/\/twitter.com\/alex\" target=\"_blank\" rel=\"noopener\">Alex<\/a> went unicorn IPO hunting and came back with a list of names, saying, \u201cThe first group of upcoming potential unicorn IPOs is shaping up well.\u201d<\/li>\n<li><a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/the-acolyte-star-wars-series-will-debut-on-disney-in-2024\/\"><strong>In a galaxy far, far away<\/strong><\/a>: If you\u2019re a Star Wars fan, Disney+ will debut a new series called \u201cThe Acolyte\u201d in 2024.<a href=\"https:\/\/twitter.com\/AiishaMalik1\" target=\"_blank\" rel=\"noopener\"> Aisha<\/a> writes that this storyline takes place at the end of the High Republic era before the events of the main Star Wars films.<\/li>\n<\/ul>\n<h2>Startups and VC<\/h2>\n<p>Everyone needs some good competition to get the creativity flowing. <a href=\"https:\/\/twitter.com\/kyle_l_wiggers\" target=\"_blank\" rel=\"noopener\">Kyle<\/a>, <a href=\"https:\/\/techcrunch.com\/author\/devin-coldewey\/\">Devin<\/a> and <a href=\"https:\/\/twitter.com\/refsrc\" target=\"_blank\" rel=\"noopener\">Manish<\/a> teamed up to look at <a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/anthropics-5b-4-year-plan-to-take-on-openai\/\">Anthropic\u2019s $5 billion, four-year plan to take on OpenAI<\/a>. Going through the company\u2019s pitch deck, the trio describe the business model that will take Anthropic there and the investors behind it.<\/p>\n<p>Wrapping up the week, as mentioned yesterday, there was a group of us watching Y Combinator\u2019s Winter 2023 Demo Day. Artificial intelligence and open source were <a href=\"https:\/\/techcrunch.com\/2023\/04\/05\/y-combinator-demo-day-favorites-part-one\/\">big buzzwords on Day 1<\/a>, while <a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/y-combinator-demo-day-2023-favorites-part-two\/\">Day 2 had us wondering<\/a> if crypto is back and why accountants are suddenly getting a lot of love.<\/p>\n<h2>VCs to recommerce startups: Let\u2019s pop some tags<\/h2>\n<p>Thanks in large part to Gen Z\u2019s interest in sustainable shopping, recommerce is soaring to new heights, and VCs are looking for the come up.<\/p>\n<p>Since Etsy went public in 2015, companies like Poshmark, The RealReal and thredUP followed suit, attracting even more investors to the sector. Last year, VCs flowed approximately $6 billion to resale platforms, writes Brian Schwarzbach, an investor with Cathay Innovation.<\/p>\n<p>In a post for TC+, he explores three recommerce areas attracting VC funds and shares \u201csome food for thought for founders building startups in this (re)emerging space.\u201d<\/p>\n<p><a href=\"https:\/\/techcrunch.com\/techcrunchplus\/\"><em>TechCrunch+<\/em><\/a><em> is our membership program that helps founders and startup teams get ahead of the pack.<\/em><a href=\"https:\/\/link.techcrunch.com\/click\/26685582.342535\/aHR0cHM6Ly90ZWNoY3J1bmNoLmNvbS9zdWJzY3JpYmUvP3V0bV9tZWRpdW09VENuZXdzbGV0dGVyJnRwY2M9VENkYWlseW5ld3NsZXR0ZXI\/6036d5494a049802a929497cBf82fd2bd\"><em> You can sign up here<\/em><\/a><em>. Use code \u201cDC\u201d for a 15% discount on an annual subscription!<\/em><\/p>\n<h2>Big Tech Inc.<\/h2>\n<p>Sometimes things don\u2019t go as planned. In India, its <a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/india-central-bank-abandons-upi-rival-project-nue\/\">central bank decided to press pause<\/a> on plans it had for a rival to the nation\u2019s dominant payment system, Unified Payments Interface. <a href=\"https:\/\/twitter.com\/refsrc\" target=\"_blank\" rel=\"noopener\">Manish<\/a> writes that the project, called New Umbrella Entity, had made some traction, attracting interest from large companies and financial institutions, and inviting bids in 2021 for licenses to operate new retail payment and settlement systems across India. However, the project just failed to have that sizzle and pop that the Reserve Bank of India was looking for.<\/p>\n<p>Catch a falling iPod and put it in your pocket\u2026<a href=\"https:\/\/twitter.com\/harrisonweber\" target=\"_blank\" rel=\"noopener\">Harri<\/a> reports on <a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/apple-reinvents-ipod-airpods-case-patent\/\">Apple\u2019s patent application for what looks to be a teeny, tiny iPod<\/a> that can do it all: music, videos and books, no smartphone or smartwatch needed. Though not sure how you can read on something that small. I guess we\u2019ll see.<\/p>\n<p>And we have five more for you:<\/p>\n<ul>\n<li><strong>WTF Twitter?<\/strong>: <a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/twitter-substack-censorship-retweet\/\">Twitter is censoring Substack links<\/a> by making the posts impossible to reply to, like or retweet. <a href=\"https:\/\/twitter.com\/asilbwrites\" target=\"_blank\" rel=\"noopener\">Amanda<\/a> has more.<\/li>\n<li><strong>Not much Cruise-ing going on<\/strong>: <a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/cruise-recalls-300-robotaxis-issues-software-update-after-crashing-into-city-bus\/\">Cruise recalls 300 robotaxis<\/a> and is issuing a software update after crashing into a city bus,<a href=\"https:\/\/twitter.com\/kirstenkorosec\" target=\"_blank\" rel=\"noopener\"> Kirsten<\/a> reports.<\/li>\n<li><strong>No chip off any block right now<\/strong>:<a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/samsung-cuts-memory-chip-production-as-it-hits-worst-quarterly-profit-since-2009\/\"> Samsung cuts memory chip production<\/a>, with <a href=\"https:\/\/twitter.com\/kateparknews\" target=\"_blank\" rel=\"noopener\">Kate<\/a> reporting that the consumer electronics giant hit its worst quarterly profit since 2009.<\/li>\n<li><strong>Price wars<\/strong>: That\u2019s <a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/teslas-strategy-to-fuel-ev-sales-keep-cutting-prices\/\">Tesla\u2019s strategy for competing with legacy carmakers<\/a>, <a href=\"https:\/\/twitter.com\/kirstenkorosec\" target=\"_blank\" rel=\"noopener\">Kirsten<\/a> writes. Meanwhile, <a href=\"https:\/\/twitter.com\/ritacyliao\" target=\"_blank\" rel=\"noopener\">Rita<\/a> reports on <a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/tesla-china-boss-tom-zhu-named-svp-as-country-sales-boom\/\">a promotion over at Tesla China<\/a>, and Kirsten reports that <a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/jb-straubel-could-return-to-tesla-as-a-board-member-this-time\/\">JB Straubel could return to Tesla<\/a> as a board member.<\/li>\n<li><strong>Oops, ChatGPT did it again<\/strong>: <a href=\"https:\/\/techcrunch.com\/author\/devin-coldewey\/\">Devin<\/a> asks, \u201c<a href=\"https:\/\/techcrunch.com\/2023\/04\/06\/can-ai-commit-libel-were-about-to-find-out\/\">Can AI commit libel?<\/a>\u201d Well, some new legal challenges are going to try and answer that question.<\/li>\n<\/ul><\/div>\n<p><a href=\"https:\/\/techcrunch.com\/2023\/04\/07\/daily-crunch-copy-from-china-social-media-app-lemon8-squeezes-its-way-into-us-top-10\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Christine Hall<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To get a roundup of TechCrunch\u2019s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello, and welcome to your Friday. Did the week drag on, or did it go by quickly for you? Or maybe you had today off. No matter, I\u2019m here to bring you<\/p>\n","protected":false},"author":1,"featured_media":626897,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25851,2230,46],"tags":[],"class_list":{"0":"post-626896","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crunch","8":"category-daily","9":"category-technology"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626896","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=626896"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626896\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/626897"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=626896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=626896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=626896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}