Technology
Instagram Edits topped 7M downloads in first week, a bigger launch than CapCut’s

Instagram Edits, Meta’s newly released video creation app, had a bigger debut than its direct competitor, ByteDance’s CapCut, once did. The new app, which today helps users craft videos for Instagram reels, stories, and other social posts, was downloaded an estimated 702,900 times on iOS devices during its first two days on the market. That’s around 37 times more downloads on iOS than CapCut saw in its first two days of availability, according to data from app intelligence provider Appfigures.
As of Thursday, Edits had grown to 1.2 million iOS downloads and 5.9 million downloads on Android, for a total of 7.1 million. By comparison, CapCut was downloaded only 83.5K times in its first three days on iOS and Android. To be fair, CapCut was only available in half the global markets at launch, but even if its numbers were doubled or tripled, Edits would be far ahead.
In the U.S. alone, Edits was downloaded 381,000 times in the first three days, while CapCut had been downloaded just 3,400 times during its U.S. debut. In this more direct comparison, Edits’ U.S. launch was 112x the size of CapCut’s.
Edits’ fast adoption also led to the app achieving a high ranking during its debut, Appfigures found, which could help boost its downloads further and increase competition. These numbers are also a demonstration of how powerful Meta’s network effects are when it comes to launching new apps that benefit from its wider social networking ecosystem.
The new Instagram companion app hit No. 1 on the U.S. iPhone App Store’s charts, including the Top Overall apps and Top Apps (minus games) on its first day, April 22. By day two, it dropped to No. 2 on both charts, then remained there, before falling to No. 3 by Friday.
Because the App Store tracks top apps by number of downloads and velocity of new installs, that’s left Edits currently ranking higher than CapCut, which was No. 14 Overall and No. 10 among top non-game apps on the U.S. App Store after its first three days on the market.
However, Edits still has a long way to go to catch up with CapCut’s overall user base. The ByteDance-owned app, popular with TikTok creators, launched in April 2020 and has since been downloaded on iOS and Android 1.22 billion times worldwide, excluding China.
So far, Edits has received a mixed reaction from creators, reports social media marketing consultant, Lia Haberman, in her recent newsletter. Many praised the app’s ease-of-use, built-in analytics, ad-free nature, support for 4K video, and watermark-free exports. Critics pointed out that Edits still lacked features provided by CapCut, including things like templates and a plethora of transition effects.
In time, Edits could still catch up to CapCut, but it could also then choose to add a paid tier as a means of monetization or introduce ads.

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Technology
With ‘F1’, Apple finally has a theatrical hit

Looks like Apple has its first bona fide box office hit.
The company has already produced critically-acclaimed and award-winning films for Apple TV+. In fact, while Netflix has reportedly spent millions on its Oscar campaigns, Apple’s “Coda” remains the only movie produced by a streaming service to win the Academy Award for Best Picture.
It has, however, been a different story at the box office — at best, returns have fallen short of ambitious budgets, and with “Argylle,” the company had a spectacular flop. Last year, Apple reportedly decided to scale back on both budgets and theatrical releases, leading to canceled projects and criticism from directors.
Things have finally turned around with “F1” — currently the number one movie in theaters, on-track to earn $55.6 million this weekend at the domestic box office. With $144 million in global ticket sales, “F1” will soon surpass “Napoleon” ($228 million) as Apple’s highest-grossing film.
“F1”’s director, Joseph Kosinski, previously helmed “Top Gun: Maverick,” and in many ways, the new movie sounds like a loose copy of the “Maverick” formula, combining realistic, you-are-there cinematography (Brad Pitt is really driving those cars!) with a familiar narrative about an older veteran forced to work with a young upstart who needs to learn a thing or two about old-fashioned, analog grit.
“F1” (which is being distributed in the U.S. by Warner Bros.) likely benefited from the surging U.S. popularity of Formula One racing, fueled in part by Netflix’s docuseries “Drive to Survive.” Much of it was filmed at actual Formula One races, and driver Lewis Hamilton also signed on as a producer.
Apple CEO Tim Cook even joined Hamilton for a Variety cover story in which Cook said the company was able to “bring some things that were uniquely Apple to the movie, like our camera technology.” The plan, he added, was “to have the whole of the company support it as well — our retail operation and everything.” (Not all customers have been pleased with the cross-promotion.)
While Apple’s bet seems to be paying off, it’s still not clear whether “F1” — with a reported budget of more than $200 million — will actually make a profit in theaters. Before its release, one box office analyst told Vulture that even in success, the movie “may end up being a very expensive commercial for original content on Apple TV.”

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Technology
Trump says he’s found a buyer for TikTok

A group of “very wealthy people” is set to buy short-form video app TikTok, according to President Donald Trump.
“We have a buyer for TikTok, by the way,” Trump said in a Fox News interview on Sunday morning. “I think I’ll need probably China’s approval. I think President Xi [Jinping] will probably do it.”
Trump declined to share more details about the buyers, saying only that he would reveal their identities in two weeks (apparently his favorite unit of time).
Trump has repeatedly delayed a bill forcing owner ByteDance to sell the app or see it banned in the United States. In January, he said his “initial thought” was to create “a joint venture between the current owners and/or new owners whereby the U.S. gets a 50% ownership.”
He’s also said he was open to allies Larry Ellison or Elon Musk buying the app, although Musk seems like a less likely candidate now.

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Technology
Meta reportedly hires four more researchers from OpenAI
Looks like Meta isn’t done poaching talent from OpenAI.
Earlier this week, TechCrunch reported that Meta had hired influential OpenAI researcher Trapit Bansal, and according to The Wall Street Journal, it also hired three other researchers from the company.
Now The Information is reporting four more Meta hires from OpenAI: Researchers Shengjia Zhao, Jiahui Yu, Shuchao Bi, and Hongyu Ren.
This hiring spree comes after the April launch of Meta’s Llama 4 AI models, which reportedly did not perform as well as CEO Mark Zuckerberg had hoped. (The company was also criticized over the version of Llama that it used for a popular benchmark.)
There’s been some back-and-forth between the two companies, with OpenAI CEO Sam Altman suggesting that Meta was offering “$100 million signing bonuses” while adding that “so far, none of our best people” have left. Meta CTO Andrew Bosworth then told employees that while senior leaders may have been offered that kind of money, “the actual terms of the offer” were more complex than a simple one-time signing bonus.

A blog which focuses on business, Networth, Technology, Entrepreneurship, Self Improvement, Celebrities, Top Lists, Travelling, Health, and lifestyle. A source that provides you with each and every top piece of information about the world. We cover various different topics.
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