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Twitter is getting into the newsletter business.
The social media company is announcing that it has acquired Revue, a Dutch startup that allows users to publish and monetize email newsletters. While Revue hasn’t driven the same wave of “is this the future of media?” think pieces as Substack, it counts major publishers like Vox Media and The Markup as customers.
Newsletters aren’t the most obvious fit for Twitter’s platform, but in a blog post, Product Lead Kayvon Beykpour and VP of Publisher Products Mike Park suggested that that this is a new way for Twitter to serve writers and publishers who have built a following with their tweets.
“Our goal is to make it easy for them to connect with their subscribers, while also helping readers better discover writers and their content,” Beykpour and Park wrote. “We’re imagining a lot of ways to do this, from allowing people to sign up for newsletters from their favorite follows on Twitter, to new settings for writers to host conversations with their subscribers. It will all work seamlessly within Twitter.”
They also suggested that this will give writers additional ways to make money. Revue already supports paid subscriptions, and Beykpour and Park said that the company will continue developing new monetization features, “whether it’s helping broaden revenue streams or serving as a cornerstone of someone’s business.”
They added that Twitter will continue to operate Revue as a standalone product, with its team remaining “focused on improving the ways writers create their newsletters, build their audience and get paid for their work.” The company is also making the platform’s pro features free for all users and lowering the fee charged on paid newsletters to 5%.
The financial terms of the acquisition were not disclosed. According to Crunchbase, Revue had raised €400,000 from various angel investors.
Source: https://techcrunch.com/2021/01/26/twitter-acquires-revue/
Fleksy, an autocorrecting AI keyboard which competes with big-guns like Google’s Gboard and Microsoft’s Swiftkey, has a new way to catch users’ eyes: Art keyboards.
It’s just launched FleksyArt: A marketplace for artists to sell digital works to its users so they can customize the look of their keyboards.
Fleksy has had keyboard themes before. But the art marketplace aims to go further — opening its platform up to all sorts of artists to digitally distribute work to its “millions” of users for display on a piece of essential smartphone real-estate (it points out the keyboard is the second most used app on phones, after all).
As this is keyboard art, the illustrations and artworks appear with the letters of Fleksy’s keyboard overlaid. So the startup warns legibility is important. Clearly some designs are going to work better than others. But beyond that the creative sky is the limit.
A collage of some of the different artworks available on the FleksyArt marketplace (Image credit: Fleksy)
FleksyArt is starting with several digital artists onboard, including María Picasso i Piquer, Lucila Dominguez, URKO and Maru Ceballos.
It’s inviting other artists to sign up by submitting a portfolio of work for review here.
Victoria Gerchinhoren, Fleksy’s chief design officer, explains how it works: “When we receive the portfolios, my design team approves for having the artwork in our marketplace,” she tells us, noting Fleksy has already handpicked a few artists to get the ball rolling. “I send them guidelines on how to prepare the assets and I write the last specs before publishing inside the product.”
“There defined guidelines in terms of the number of pieces (always packs of 2-4 themes) and artists can create as many packs as they want. We suggest the pieces inside each pack have a connection, they can be connected by an idea or style,” she goes on.
“We publish the packs in a dedicated section in the host app (which we redesigned with this in mind not long ago) then communicate in social media. We’ve also just launched the website section with interviews and the artist profiles and bios so they have a nice place to be showcased.”
Fleksy is setting a flat price of €2.99 for all art packs — in order that artists selling on the marketplace “have the same price and competition is fair”, as Gerchinhoren puts it.
It’s doing a 50:50 revenue split on sales — after Google’s 30% commission has been factored in. So this means that Google gets €0.89 per sale, and the artist and Fleksy then split the rest.
Fleksy has also confirmed that artists retain copyright of their works.
“We’re setting this collaboration on a revenue-share model,” it notes on its website. “You’ll receive 50% of the revenue after Google’s 30% commission. We think this is fair since you’ll provide the Artwork and Fleksy implements & distribute your Artwork. Payments are made bi-annually, upon our receipt of a legal invoice from you.”
Source: https://techcrunch.com/2021/01/26/fleksy-adds-an-art-marketplace-to-spice-up-its-keyboard-app/
Grindr, a gay, bi, trans and queer hook-up app, is on the hook for a penalty of NOK100,000,000 (aka €10M or ~$12.1M) in Europe.
Norway’s data protection agency has announced it’s notified the US-based company of its intention to issue the fine in relation to consent violations under the region’s General Data Protection Regulation (GDPR) which sets out strict conditions for processing people’s data.
The size of the fine is notable. GDPR allows for fines to scale up to 4% of global annual turnover or up to €20M, whichever is higher. In this case Grindr is on the hook for around 10% of its annual revenue, per the DPA. (Although the sanction is not yet final; Grindr has until February 15 to submit a response before the Datatilsynet issues a final decision.)
“We have notified Grindr that we intend to impose a fine of high magnitude as our findings suggest grave violations of the GDPR,” said Bjørn Erik Thon, DG of the agency, in a statement. “Grindr has 13.7 million active users, of which thousands reside in Norway. Our view is that these people have had their personal data shared unlawfully. An important objective of the GDPR is precisely to prevent take-it-or-leave-it ‘consents’. It is imperative that such practices cease.”
Grindr has been contacted for comment.
Last year a report by Norway’s Consumer Council (NCC) delved into the data sharing practices of a number of popular apps in categories such as dating and fertility. It found the majority of apps transmitted data to “unexpected third parties”, with users not clearly informed how their information was being used.
Grindr was one of the apps featured in the NCC report. And the Council went on to file a complaint against the app with the national DPA, claiming unlawful sharing of users’ personal data with third parties for marketing purposes — including GPS location; user profile data; and the fact the user in question is on Grindr.
Under the GDPR, an app user’s personal data may be legally shared if you obtain their consent to do so. However there are a set of clear standards for consent to be legal — meaning it must be informed, specific and freely given. The Datatilsynet found that Grindr had failed to meet this standard.
It said users of Grindr were forced to accept the privacy policy in its entirety — and were not asked if they wanted to consent with the sharing of their data to third parties.
Additionally, it said sexual orientation could be inferred by a user’s presence on Grindr; and under regional law such sensitive ‘special category’ data carries an even higher standard of explicit consent before it can be shared (which, again, the Datatilsynet said Grindr failed to get from users).
“Our preliminary conclusion is that Grindr needs consent to share these personal data and that Grindr’s consents were not valid. Additionally, we believe that the fact that someone is a Grindr user speaks to their sexual orientation, and therefore this constitutes special category data that merit particular protection,” it writes in a press release.
“The Norwegian Data Protection Authority considers that this is a serious case,” added Thon. “Users were not able to exercise real and effective control over the sharing of their data. Business models where users are pressured into giving consent, and where they are not properly informed about what they are consenting to, are not compliant with the law.”
The decision could have wider significance as a similar ‘forced consent’ complaint against Facebook is still open on the desk of Ireland’s data protection watchdog — despite being filed back in May 2018. For tech giants that have have set up a regional base in Ireland, and made an Irish entity legally responsible for processing EU citizens’ data, GDPR’s one-stop-shop mechanism has led to considerable delays in complaint enforcement.
Grindr, meanwhile, changed how it obtains consent in April 2020 — and the proposed sanction deals with how it was handling this prior to then, from May 2018, when the GDPR came into force.
“We have not to date assessed whether the subsequent changes comply with the GDPR,” the Datatilsynet adds.
After its report last year, the NCC also filed complaints against five of the third parties who it found to be receiving data from Grindr: MoPub (owned by Twitter), Xandr (formerly known as AppNexus), OpenX Software, AdColony, and Smaato. The DPA notes that those cases are ongoing.
Following the NCC report in January 2020, Twitter told us it had suspended Grindr’s MoPub account while it investigated the “sufficiency” of its consent mechanism. We’ve reached out to Twitter to ask whether it ever reinstated the account and will update this report with any response.
European privacy campaign group noyb, which was involved in filing the strategic complaints against Grindr and the adtech companies, hailed the DPA’s decision to uphold the complaints — dubbing the size of the fine “enormous” (given Grindr only reported profits of just over $30M in 2019, meaning it’s facing losing about a third of that at one fell swoop).
noyb also argues that Grindr’s switch to trying to claim legitimate interests to continue processing users’ data without obtaining their consent could result in further penalties for the company.
“This is in conflict with the decision of the Norwegian DPA, as it explicitly held that “any extensive disclosure … for marketing purposes should be based on the data subject’s consent“,” writes Ala Krinickytė, data protection lawyer at noyb, in a statement. “The case is clear from the factual and legal side. We do not expect any successful objection by Grindr. However, more fines may be in the pipeline for Grindr as it lately claims an unlawful ‘legitimate interest’ to share user data with third parties — even without consent. Grindr may be bound for a second round.”
Source: https://techcrunch.com/2021/01/26/grindr-on-the-hook-for-e10m-over-gdpr-consent-violations/
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Atomico, the European venture capital fund that typically invests at Series A and Series B, has made a number of internal promotions, including making SaaS and enterprise-focussed investor Ben Blume a partner at the firm.
The step up from principal to partner comes after 8 years spent at Atomico, which Blume first joined in 2013 as an associate. In 2017, he was promoted to principal and has built a reputation within the VC firm and beyond after leading an array of promising and successful investments.
They include Spacemaker, a startup that has developed AI-supported software for urban development and was acquired by Autodesk late last year. He also led Atomico’s investments into Onna, and Automation Hero, where he currently sits on the board. In addition, he is said to have helped manage Atomico’s early backing of U.K. chip company Graphcore, and sourced the VC’s original Series A investment in recent unicorn Hinge Health, where he currently also serves as a board member.
Prior to joining Atomico, he was a consultant at Bain & Company and a software engineer at Bank of America Merrill Lynch. He holds a first class BA in Computer Science from Queens’ College, Cambridge.
Also being promoted are associates, Hillary Ball and Luca Eisenstecken, both stepping up to principal. Eisenstecken has supported Atomico’s investments into Infarm, MessageBird and Scoutbee. And Ball has supported investments into Masterclass and Framer, among others.
