It’s been called a “TikTok for text” because, much like the popular video-sharing app, it’s designed to predict what to show you based on detailed insights about what you’re looking at, what your interests are, and what you’re clicking on. That’s why in January, Systrom and Krieger launched Artifact, a personalized social news reader - although it’s not just for news, Systrom says - that shows you high-quality written content, recommended to you based on AI. But now, Systrom thinks there’s an opening for a new kind of engaging app that can better inform the public. Systrom, along with fellow Instagram co-founder Mike Krieger, sold Instagram to Facebook for $1 billion in 2012 and continued working at the company until 2018. He added, “I think people want value and entertainment, but they don’t want to be in the middle of a digital fistfight.” and more and more to be entertained,” Systrom said. “People have flocked to services like TikTok or Twitter or Facebook less to connect with their friends. But while people are consuming more content, they’re often posting less, according to Systrom. Major social media platforms have become better than ever at capturing our attention by optimizing their algorithms to entertain us with viral videos and funny memes. For more on Instagram and how the social media platform is continuing to change, Shacknews has you covered.Instagram co-founder Kevin Systrom thinks that the social media industry is ready for something new. ![]() Back in September, we learned that the company was suspending its plans to release a version of Instagram targeted at kids. Although a lot of the heat lately has been on Facebook (Meta) proper, Instagram has had its fair share of controversy too. Though there’s yet to be a formal announcement, it seems like Instagram Subscriptions may be coming soon. With how Apple’s App Tracking Transparency has impacted the business of Instagram and Meta, it’s a logical pivot. It’s also being speculated that Instagram will look to move away from targeted ads with the implementation of Instagram Subscriptions. It’s another way for Meta to monetize the popular social media platform, in addition to its successful marketplace. Essentially, Instagram Subscriptions will provide a way for users to monetarily support creators, in turn for exclusive pictures, videos, and other posts. Instagram's updated app-store listingĮarlier this year, Instagram head Adam Mosseri said that his team was looking at ways to implement subscriptions during an interview with The Information. ![]() This includes a $4.99 and a 99¢ payment option, both labeled as “Instagram Subscriptions.” It’s likely that these will be the two pricing tiers at launch when Instagram Subscriptions go live. In the United States App Store, listings for in-app purchases were added to the Instagram app earlier this week. Instagram Subscriptions were spotted in a recent App Store listing and reported by TechCrunch. ![]() According to new App Store listings, Instagram is close to launching paid creator subscriptions. There had been rumblings in the past that the photo and video sharing app was possibly exploring subscriptions, and it looks like that may become a reality soon enough. Facebook subsidiary Instagram remains one of the most popular social media platforms, and it may be looking to introduce a new aspect to its business in a future update.
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