TikTok is reportedly pushing deeper into short-form entertainment by rolling out in-app "Minis" that let users binge micro dramas without leaving the platform.TikTok Brings Micro Dramas In-HouseTikTok has quietly added a Minis section featuring mini games and mini drama apps — bite-sized, mobile-first series made up of dozens of short episodes, reported Business Insider.A TikTok employee described the feature on LinkedIn as a way to reduce friction by allowing viewers to sample episodes directly inside the ...

Core Insights - Wix.com Ltd. is experiencing strong business fundamentals despite a significant decline in stock price, with cash flow and growth metrics indicating a healthy operational performance [1][11][12] Company Overview - Wix.com Ltd. is a leading provider of cloud-based website development and business management solutions, serving hundreds of millions of registered users globally [6] - The company operates on a scalable, subscription-driven business model, offering a comprehensive suite of tools for users to build and manage their online presence [6] Financial Performance - In the third quarter, Wix reported a revenue increase of 14% year-over-year, reaching $505 million, with bookings growing at the same rate [11] - Free cash flow for the quarter was $127 million, approximately 25% of revenue, and could have exceeded $159 million excluding certain costs [11] - Annual Recurring Revenue (ARR) from Creative Subscriptions rose to $1.46 billion, while Business Solutions revenue increased by 18% [11] Investment Activity - Elwood Capital Partners increased its stake in Wix by acquiring 17,710 shares, bringing its total holding to 40,033 shares valued at $7.11 million as of September 30 [2][3] - The new position represents 4.34% of Elwood Capital's assets under management [3] Market Context - As of the latest data, Wix shares were priced at $105.43, reflecting a 53% decline over the past year, significantly underperforming the S&P 500, which rose by 15% during the same period [3] - The stock has decreased approximately 70% from its 2021 highs, indicating a disconnect between market sentiment and the company's underlying fundamentals [12] Future Outlook - Management anticipates that the AI-driven product Base44 will generate at least $50 million in ARR by year-end, with potential growth towards $100 million due to strong early adoption [11]

Core Insights - Spotify's streaming music, audiobooks, and podcast offerings continue to attract users despite global economic challenges, with high engagement and strong retention rates [1] - The company is confident in its long-term strategy, with a clearer direction moving forward [2] User Engagement and Growth - Users are spending 44% more time on video content, and Spotify has paid out over $100 million to podcast creators in Q1 2023 [3] - The subscriber base increased by 12% year-over-year, reaching 268 million, while monthly active users rose by 10% to 678 million [3] - Revenues grew by 15% to €4.2 billion ($4.7 billion) [3] Monetization Strategies - Spotify's Partner Program for video podcasters has expanded to nine new markets since its launch in January [2] - The company acknowledges the competitive landscape where 46% of consumers are "deal chasers," indicating a potential risk to customer loyalty [4] - The possibility of introducing a lower-cost subscription model is acknowledged, but the company believes it may not significantly enhance overall revenue [5]