Instagram rolls out paid Badges for US creators

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San Francisco, Nov 17 | Meta-owned photo-sharing app Instagram is expanding the availability of Badges to all eligible creators in the US.

Users over the age of 18 with more than 10,000 followers can apply to use the feature in the US, Engadget reported on Tuesday.

The company introduced Badges in May last year. Then, in October, it expanded their availability to approximately 50,000 creators.

According to the report, Badges represent a way for Instagram creators to earn money from their fans. Users can purchase them to make themselves during livestreams. Instagram sells them in increments of $1, $2 and $5.

The company recently said it would not collect any fees on Badges until at least 2023.

Down the line, the feature could help Instagram diversify its revenue beyond the advertising sales it depends on almost exclusively at the moment.

More broadly, Badges could be the prelude to more perk-like monetisation features making their way to the app in the future, the report said.

Meanwhile, the photo-sharing app is reportedly also asking some users to provide a video selfie showing multiple angles of their face to verify the account.

Recently, multiple users have reported being asked to take a video selfie to verify their existing accounts.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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