Mutual fund or growing investment, wealth profit growth or earning increase, savings or wealth management, pension fund concept, businessman investor watering stack dollar coin to grow money plant.
In today's ExchangeWire news digest: GetGo reports a revenue increase of 300% for 2022; Meta considers introducing an ad-free subscription for EU-based users; and X collaborates with Paris Hilton to bring live shopping to the site.
Singapore’s GetGo has posted revenue of USD$34.1m (~£28m) for 2022, marking a year-on-year increase of 300%. Despite rising costs, the car-sharing and rental platform saw net profits rise to USD$94,000 (£77,361.90), while marketing expenses cost less than 3% of the company’s revenue.
Meta is reportedly contemplating a subscription tier for Facebook and Instagram users in the European Union. For as much as USD$14 (£11.52) a month, users would have access to ad-free versions of the social media platforms, with the option to continue accessing them for free with personalised ads.
X has signed a content deal with celebrity and entrepreneur Paris Hilton, which will bring live commerce to the platform. The deal, which includes a revenue-sharing agreement between both parties, will allow X users to browse through and purchase products while watching a live shopping stream on the site.
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