Instagram updates its recommendation algorithms to promote original content, Bumble ends the requirement that women message first

Top News

Instagram updates its recommendation algorithms to promote original content, impacting aggregator accounts, and increase distribution for smaller accounts. - Link

Bumble redesigns its app and adds Opening Moves, to let women ask a question men can answer, a major shift that ends the requirement that women message first. - Link

PayPal reports Q1 revenue up 9% YoY to $7.7B, payment volume up 14% YoY to $404B, and transaction margin dollars up 4% YoY to $3.5B; PYPL rises 5%+. - Link

Microsoft announces plans to invest $1.7B in cloud and AI infrastructure in Indonesia over four years and train 840,000 people with AI skills in the country. - Link

Beehiiv attracts $33M to make its newsletter publishing platform more sticky. - Link

Compliance and security shouldn't be a deal-breaker for startups to win new business. Vanta makes it easy for companies to get a SOC 2 report fast. Get $1,000 off for a limited time at http://www.vanta.com/twist. Ad

Startup Demo of the Day:

Microns.io is a marketplace for buying and selling profitable bootstrapped startups. - Link

Founder University is a 12-week pre-accelerator program run by Jason/LAUNCH for builder founders. We're investing $25k in 20-30 companies from Cohort 7. Apply at founder.university/letsbuild.

This Week in Startups

E1940: David Weisburd, Jeff Richards, Ryan Denehy, and Jason discuss the critical role of profitability and cash reserves for startups, in the context of market shifts and AI adoption. They also discuss the impact of remote work on job availability and salaries, and changes in fundraising processes since COVID-19. - Watch

E1939: Edward Brawer discusses PodcastAI, which automates podcast production processes. He shares the origins and development of the product, including customer feedback-driven features. - Watch

E1938: Charles Duhigg discusses his latest work on effective communication strategies in contexts including startups, organizations, and personal interactions, emphasizing the role of humor, vulnerability, and cultural differences. - Watch

E1937: Jason takes questions live from guests, including topics on career opportunities, strategic business definitions, ethical considerations in advertising, funding options for startups, and strategies for non-AI startups to attract investors. - Watch

E1936: Sunny and Jason explore recent AI developments including Facebook's Llama 3 model which outperforms GPT-4 despite its smaller size, and discuss the U.S. Air Force's use of AI in fighter jet dogfights. They also cover the impact of Facebook's projects on the open-source community and demonstrate new technologies like Marblism and Lumona. - Watch

This Week in Startups Paid Partnerships

NetSuite by Oracle is the scalable solution to run all of your key back-office operations, no matter how big your company grows. NetSuite has extended its one-of-a-kind flexible financing program for a few more weeks. Head to ⁠https://www.netsuite.com/liquidity.

Create business phone numbers for you and your team that work through an app on your smartphone or desktop. Get an extra 20% off any plan for your first 6 months at http://www.openphone.com/twist.

HiddenLayer’s AI Detection & Response Solution secures your Generative AI & LLMs from malicious attack. Visit https://www.HiddenLayer.com/TWiST to learn more.