![]() Temu, which is owned by the Chinese online retailer PDD Holdings, has successfully replicated the meteoric growth of its sister app Pinduoduo in overseas markets through effective marketing campaigns. In March 2024, the app was downloaded over 41 million times all over the world, making it more popular than Amazon’s marketplace app. The popularity of ecommerce platform Temu has been surging since its debut in the fall of 2022. ![]() Monthly global downloads of Temu shopping app 2022-2024 Additionally, a massacre of Tutsi in Rwanda highlighted the growing tensions in the East African country, which ultimately resulted in the genocide in 1994. ![]() This was a result of the ongoing Gulf War following Iraq's invasion of Kuwait, but also Soviet troops storming the Lithuanian capital in order to stop the country's secession from the Soviet Union. The attack on an independent state meant that the relations between Russia and the West reached a new low after the collapse of the Soviet Union, and several sanctions were imposed on Russia.Īpart from the 9/11 attacks in 2001, the index reached its highest level in January 1991. The GPR was also high in March 2022 following Russia's invasion of Ukraine at the end of February that year. invasions of Afghanistan (2001) and Iraq (2003) following in the aftermath. The attack is perceived to be the deadliest terrorist attack in the 20th and 21st century, and ultimately caused the start of the so-called war on terror, with U.S. Since the monthly counting of the Geopolitical Risk Index (GPR) started in 1985, the index peaked in October 2001, immediately after the 9/11 terrorist attack on the World Trade Center and Pentagon in the United States. stands out thanks to its estimated 2022 valuation at 10 billion U.S. Among the companies that have expressed the will to go public, communication and social networking platform Discord Inc. The largest social media IPO recorded in the last 15 years was Facebook, which went public at a valuation of 104 billion U.S. Former president Donald Trump’s Truth Social, which went public via a SPAC merger in the same month, enjoyed a valuation of approximately eight billion U.S. Within the ranking of estimated valuation of selected social media platforms at their entrance into the public market, Reddit positions itself in the mid to low tier of the scale. dollars in its pre-IPO stand, but managed to surpass a 10 billion valuation after its market debut. The platform, which was launched in 2005, first expressed its wish to go public in December 2021. On March 21, 2024, social forum Reddit began officially trading on the New York exchange. March 2024 marked the resurgence of social media IPOs. In comparison, the hours of uploaded video content on Rumble keep climbing to increasingly high output results, a sign that content creators have been using the platform more than in previous years. dollars in the third quarter of 2023, down by 30 percent compared to the previous period. The quarterly revenue generated by Rumble was almost 18 million U.S. Similarly, online video platform Rumble, which monetizes content from creators such as Andrew Tate and Russell Brand, chose to go public via a SPAC merger with CF Acquisition Corp VI on September 15, 2022. Launched in February 2022, Truth Social is a microblogging platform that proposes to uphold freedom of expression by giving voice to the alt-right political figures in the American public debate. Despite this, Truth Social had a grandiose market debut, peaking at almost 80 U.S. The number of Truth Social app downloads in the United States barely reached 100 thousand in February 2024. SPAC mergers have become an increasingly common way for non-mainstream social media companies and alt-tech platforms to enter the public market. dollars, despite having seen its profits deteriorate in the previous year. in August 2023, enjoyed the implied valuation of almost seven billion U.S. The U.S.- based mortgage company, which went public via SPAC merger with the Aurora Acquisition Corp. On March 26, 2024, Truth Social entered the public market via the SPAC merger of Trump Media & Technology Group with the Digital World Acquisition Corp, at a valuation of eight billion U.S. Estimated value of digital companies at SPAC merger 2024
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