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Message-based service Community reportedly lays off ~40 employees
Creator Economy
Jun 22
Last week:
Funding
Web3-based creator platform CreatorDAO emerges from stealth; raises USD 20 million in seed funding
Creator Economy
Aug 9
Funding
Product updates
Gen-Z creator marketplace Clutch raises USD 1.2 million in pre-seed funding; announces open beta launch
Creator Economy
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Facebook to discontinue its live shopping feature to focus on Reels
Creator Economy
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Snap to launch new creator fund to award up to USD 100,000 per month to support independent musicians
Creator Economy
Jul 28
Partnerships
Facebook introduces revenue sharing for videos that use licensed music
Creator Economy
Jul 25
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British Virgin Islands-based MetaMundo launches 3D NFT marketplace
Creator Economy
Jul 19
M&A
Acast to acquire podcast database Podchaser
Creator Economy
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Management news
OpeaSea lays off ~20% of staff
Creator Economy
Jul 15
Management news
Evan Williams steps down as CEO of Medium
Creator Economy
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Linktree launches new mobile app for creators to manage their pages
Creator Economy
Jul 12
Product updates
Instagram launches its creator marketplace
Creator Economy
Jul 12
M&A
Dorian acquires mobile gaming studio Nix Hydra Games
Creator Economy
Jul 8
Product updates
Reddit to launch NFT marketplace for avatars
Creator Economy
Jul 7
Management news
Lightricks lays off ~12% of employees
Creator Economy
Jul 4
Product updates
Twitter launches long-form content feature ‘Notes’
Creator Economy
Jun 22
M&A
eBay acquires NFT platform KnownOrigin
Creator Economy
Jun 22
Product updates
Jellysmack expands its creator program to TikTok creators
Creator Economy
Jun 22
Product updates
Meta announces new monetization tools for Instagram and Facebook
Creator Economy
Jun 21
Funding
Magic Eden raises USD 130 million in Series B funding
Creator Economy
Jun 21
Funding
Web3 no-code website builder Tellie raises USD 10 million in Series A
Creator Economy
Jun 14
Funding
India-based Pepper Content raises USD 14.3 million in Series A funding for US expansion
Creator Economy
Jun 9
Funding
Platform to monetize content, experiences, and tools Mash secures USD 6 million in seed funding
Creator Economy
Jun 7
Funding
Web3 social marketplace for creators Calaxy raises USD 26 million in strategic funding
Creator Economy
Jun 7
Funding
Social NFT marketplace Bubblehouse raises USD 9 million in seed funding
Creator Economy
May 24
Management news
Splice hires former Adobe executive as new CEO
Creator Economy
May 24
Product updates
Partnerships
eBay partners with Web3 platform OneOf to launch its first set of NFT collections
Creator Economy
May 23
Product updates
TikTok to launch LIVE creator subscriptions in beta this week
Creator Economy
May 23
Funding
WeAre8 launches crowdfunding campaign
Creator Economy
May 13
Product updates
OpenSea adds AI-powered features to remove fraudulently copied NFTs
Creator Economy
May 11
Creator Economy

Creator Economy

Jun 22

Message-based service Community reportedly lays off ~40 employees

Management news
Industry news

  • Community, a message-based service for celebrities, influencers, and creators to directly engage with their fans, reportedly laid off ~40 employees earlier this month. 

  • Analyst QuickTake : With this news, Community joins the list of creator economy-related companies that showed promise during the pandemic but had to resort to staff cutbacks recently due to adverse market conditions. Other examples include Cameo , a Softbank-backed creator platform, which laid off nearly a quarter of its staff in May 2022 , and Jellysmack , which laid off 8% of its staff and closed down a few of its international branches earlier this month .

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