Tech news picked on 2026-08-10
ReelShort to Make First Profit This Year, Short Dramas Now Judged by Performance
- MPA report forecasts ReelShort's 2026 revenue at $1.05 billion and net profit around $40 million.
- It is a transition from a $12 million loss last year to the first profit, but with a thin margin of about 4%.
- The profit mainly comes from decreased marketing expenses relative to revenue and conversion to web payments rather than hits.
- Since the top five apps control 79% of the market, the scale barrier is high for latecomer short drama apps to follow the same path.
New Mexico Court Rewrites Meta's Teen Account Blueprint
- A New Mexico court has ordered Meta to pay $567 million into a child mental health fund.
- Including a $375 million jury verdict from March, the total from this lawsuit sums up to $942 million.
- More significant than the amount is the list of design changes demanded, such as deleting accounts of users under 13, limiting notification times, and mandating age prediction models.
- For a service that relied solely on date-of-birth input and claimed there were no underage users, this approach no longer works.