{"id":42955,"date":"2023-11-09T18:00:00","date_gmt":"2023-11-09T12:30:00","guid":{"rendered":"https:\/\/appscrip.com\/blog\/?p=42955"},"modified":"2023-11-10T02:01:27","modified_gmt":"2023-11-09T20:31:27","slug":"social-video-sharing-apps-in-chicago-creators","status":"publish","type":"post","link":"https:\/\/appscrip.com\/blog\/social-video-sharing-apps-in-chicago-creators\/","title":{"rendered":"Top Social Video Sharing Apps In Chicago For Entrepreneurs"},"content":{"rendered":"\n
With more than 4.7 billion users throughout the globe, social media has transitioned from a platform that was mostly used for personal connections to an influential business medium in recent years. The proliferation of social video sharing apps has been an integral component of this shift in social media, significantly influencing the way ideas and knowledge are communicated.<\/p>\n\n\n\n
In addition to facilitating the creation and distribution of user-generated content, these types of platforms also afford businesses a special window into the everyday lives of their target audience.<\/p>\n\n\n\n
Here are some of the best social video sharing apps in Chicago.<\/p>\n\n\n\n
Founder:<\/strong> David Li and Jason Hu.<\/p>\n\n\n\n Inception and Total Funding:<\/strong> Founded in 2014. Funding raised $272 million.<\/p>\n\n\n\n Business Model:<\/strong> BIGO Live stands out from the competition because of its cutting-edge live streaming capabilities and AI. Streamers earn via virtual gifts purchased by their fans, making a unique and engaging revenue model. BIGO Live hopes to continue expanding into the US market and form collaborations with gaming influencers in the near future.<\/p>\n\n\n\n Unique Selling Proposition:<\/strong> The platform’s USP is that it facilitates communication between content creators and their target audience by leveraging a content management system <\/a>that analyses 300 million broadcasts per day.<\/p>\n\n\n\n Brief of the App with Revenue Details:<\/strong> About 400 million people across 150 countries use BIGO Live, making it the sixth most downloaded app in the world as of March 2020. Live performances of musical and video game content are two of the most popular types of broadcasts on this app. Users typically spend between 15 and 30 minutes per day using the app.<\/p>\n\n\n\n In-app purchases are the main source of income for BIGO Live, bringing in an estimated $40.2 million for the company in Q1 2023.<\/p>\n\n\n\n