The 11th Hour Dispatch – Friday, May 11, 2018

| May 11, 2018

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BINGE WATCH

NBC News’ Snapchat show Stay Tuned is reportedly pulling in 30 million viewers per month. The twice-daily show announced this figure after hitting their 500th episode. Of that 30 million, 75% are 25-years-old or younger, and about half watch the show three times a week or more. NBC has invested heavily in digital properties going after younger audiences that view news content differently (if at all). They put $500 million in Snap’s IPO and have invested $400 million and $200 million into BuzzFeed and Vox respectively. Thirty million eyeballs isn’t that bad of a tradeoff for that chunk of change.

YOUNG MONEY

Robinhood, which announced the close of its Series D round yesterday, is on track to become the largest crypto exchange by end of year. While the app only allows users in select states to trade Bitcoin and Ethereum right now (with the ability to track 16 others), it has still made a name for itself as an easy method of stepping into the crypto game. The company has steadily opened cryptocurrency trading for new U.S. states over the last few months, and it’s making its first foray into international markets for its product at large with an Australian expansion later this year. In order for Robinhood to surpass the current largest crypto exchange OKEx, it would have to see a daily trade volume higher than OKEx’s daily $2.4 billion (including fees, which Robinhood has touted as a key differentiator for it). Without fees, it will have to pass any exchange with or without fees, the largest of which, BitMex, currently pushes a daily trade volume of $3.2 billion.

BIG BUSINESS

YouTube is rolling out a feature that will help you meter how much time you waste watching celebrity interviews and conspiracy theory videos. The controls, which allow users to set time limits that provoke periodic break reminders, were announced at Google’s I/O Conference yesterday. This makes YouTube the first streaming service to more or less tell users to stop watching their content. The feature is not a default, which means it likely won’t have much of an effect on viewership, but it is an interesting step. It’s likely an effort to make Google look like it cares about consumers, because we have seen what happens when they, (much less the industry as a whole) turn on a media company that is so deeply ingrained in our every move (I see you, Facebook).

NOTHIN’ BUT ‘NET

This middle school class made up ice cream names using machine learning and they are amazing.

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