apple BeReal Takes Top Honors in Apple's 2022 App Store Awards Apple names BeReal its 2022 App of the Year, highlighting the photo-sharing app's massive impact on social media. Meanwhile, African restaurant tech startup Orda raises $3.4 million and Indian fintech CRED acquires CreditVidya.
bereal BeReal Secures $60 Million in Series B as Daily Users Hit 20 Million Photo-sharing app BeReal raises $60 million in a Series B round that values the Paris-based startup at nearly $587 million. The funding arrives as the app reaches 20 million daily active users despite growing competition from major social platforms.
tiktok TikTok Clones BeReal as Global App Spending Reaches $65 Billion TikTok launches a BeReal clone called TikTok Now, signaling a push into friendship-based social networking. Meanwhile, global app spending hits $65 billion in the first half of 2022.
facebook Facebook Slips From Top 10 App Rankings As TikTok and BeReal Surge New data shows Facebook is frequently dropping out of the Top 10 free iPhone apps in the U.S. as younger users flock to competitors like BeReal and TikTok.