Business Name Generator News Digest November 18, 2022

The latest news on branding, startups, entrepreneurship, and business in an easy-to-digest form. Know what’s happening in your industry.

Lab-Grown Meat Is About To Hit The Supermarket Shelves

Food made from cultured animal cells is one step closer to becoming available for mass consumption after the first pre-market consultation with the FDA. 

Lab-grown meat

Upside Foods is a Californian startup that wants to produce ethical meat. The company claims that they love animals as well as meat. The company aims to provide real meat without the animals suffering.

Upside Foods just cleared a big hurdle by completing the pre-market consultation with the U.S. Food and Drug Administration (FDA) and receiving a green light

This makes Upside Foods the first company in the world to officially get the green light for artificially made meat. 

Dr. Uma Valeti, the CEO and founder of Upside Foods, explains.

“We started UPSIDE amid a world full of skeptics, and today, we’ve made history again as the first company to receive a ‘No Questions’ letter from the FDA for cultivated meat. This milestone marks a major step towards a new era in meat production, and I’m thrilled that U.S. consumers will soon have the chance to eat delicious meat that’s grown directly from animal cells.”

But, the company still has one big hurdle to jump before it can start selling the product. The company also needs approval from the Food Safety and Inspection Service. 

Let’s assume everything goes by plan. Will you be eating lab-made meat? 

YouTube Shorts Now Have Shopping Features And Up To 60 Seconds Of Music

YouTube is adding a shopping feature to Shorts. This allows viewers to buy products as they scroll through short videos. 

YouTube shorts

The shopping feature will first be available to selected creators in the US, that will be able to tag different products from their own stores. 

Viewers will be able to see the tags and shop directly from the Shorts. This feature will soon be available to more creators in different countries. 

YouTube is also testing an affiliate program in the US that would allow creators to earn commissions from the products they recommend. This test is in its early days and will be gradually expanded to more creators next year. 

YouTube spokesperson explains. 

“We firmly believe YouTube is the best place for creators to build a business and shopping is a piece of that.” 

Meta and TikTok are also investing in their shopping capabilities. These new features will help YouTube broaden its revenue streams and not depend entirely on the advertising market. 

The company also announced they are expanding the music and sound features for Shorts creators. You can now add up to 60 seconds of sound (or music) to your Shorts. This was previously capped at 15 seconds. 

The company wants to make Shorts more competitive with TikTok and Instagram Reels. 

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Spotify’s Video Podcasting Platform Is Now Available Worldwide

Anchor is Spotify’s free podcasting platform. It’s marketed as the easiest way to create, distribute, and monetize a show. 

Spotify announced they are expanding the video podcasting capabilities to creators in over 180 countries globally. 

The company wants to compete with YouTube, where video podcasters have been steadily gaining popularity. 

Spotify has been incentivizing podcast creators to film their shows in the past year. YouTube is answering this by launching a dedicated podcasts homepage in the US. 

One thing all Spotify podcast listeners have is background play, which is only available for YouTube premium subscribers. 

Which video podcasting platform do you prefer – Spotify or YouTube? 

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The Irish Tech Unicorn Is Cutting 40% Of Their Workforce

Wayflyer, the Irish fintech unicorn, is laying off 40% of its global workforce. The founders informed their employees about the layoffs in an all-team meeting. The company will cut 200 employees. 

Wayflyer became another tech company that had to drastically reduce the number of employees. 

Aidan Corbett, the Wayflyer cofounder, said in a statement. 

“We tried to scale our organisation very aggressively over the past 15 months, and in hindsight, we tried to do too much, too soon.”

He added. 

“We are sorry to be losing many great colleagues, who have helped Wayflyer become a market leader in revenue based finance. However, we are now facing a challenging macroeconomic environment and this change will put the company in a stronger financial position to execute its plans for 2023 and beyond.”

Swedish Startup Wants To Fight The Subscription Model

We all understand the pain that comes with the digital subscription model. You want to buy a single audiobook or watch a single documentary, but the platform makes you buy a subscription for that.

Well, not anymore. Sesamy, a Swedish startup, is fighting the subscription model.

The Sesamy promise is simple – it allows users to purchase a single audiobook, podcast, or ebook without a subscription. 

Sesamy has so far partnered with all major book publishers in Sweden and Denmark. You can consume the content purchased with Sesamy on an app of your choice. And the best part, you actually own the content instead of renting it, which is what happens on platforms like Amazon Kindle. 

Is this the future of digital consumption, or will subscriptions reign supreme? 

A New Twitter Feature Will Let You Divide Long Text Into Threads Automatically

Reports suggest that Twitter is working on a feature that will automatically break your text into a thread when you cross the 280-character limit.

Twitter wants to make it easy for users to create threads or content in general. Currently, users have to hit the + button to add an individual tweet to a thread, which isn’t user-friendly. 

Elon Musk hinted at the possibility of enabling long-form texts as attachments to tweets. It’s not yet clear if this will be a separate feature or a part of the automatic thread functionality. 

Do you want to see more long-form content on Twitter? 

Author

Matija

Matija

Amazing content is the core of what we do. With more than 5 years of experience in branding, name development, and business, Matija helps create and manage content production.

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