Tsu passes two million users, sets sights on content ownership and revenue redistribution Social network Tsu which pays users to post passed two million users at the start of 2015 -- explosive growth since it launched just two months ago. Facebook took 10 months to reach its first million users since it launched in 2004. Social network Tsu passed two million users at the start of January 2015 -- huge growth since launching in October 2014. In 74 days Tsu has gained loyal users and active user engagement. Its users spend about 20 minutes per day on the site. The social networks main goal is to be the best place to create and own content while discovering creative, fun and new ways to interact with other users, charities and organizations. The New York based start-up is currently 25 people strong, and expanding, especially across its development team. Listening to its users is a priority for the team. The founders feel a responsibility to make Tsu the best place to create and consume quality content while making it a truly fun place to interact with friends, family and users with similar interests Sebastian Sobczak, Tsu CEO and founder believes there is a market opportunity around content creation and ownership. The platform has moved really quickly to suppress the spammers and users who beg for followers in their posts. It is looking to the community to keep Tsu real for its users while suppressing automated bots and users that share as much as they can to increase revenue. Sobczak has been focusing on this area closely, and is addressing it directly through content, community and technology. He says that the site has a lot of strong content and that in many ways, new members are looking to us to help define what good content is. The platform is one of several new social networks that share revenue with its users. It has similar policies to YouTube in the production and payout of revenue shares and royalty checks and it considers itself to be no different conceptually. Its global expansion means that currently users can only receive cheques in US dollars. The platform is evaluating and testing its approach to international markets but confirms that, todays currency (USD) can be transferred from one user to another. In the future, it expects to see Tsu users transact with each other in micro peer-to-peer payments for all types of goods and services. It presently has no plans to send users cheques in non-US currencies. Tsu is leading the way in encouraging its users to redistribute their royalties to charities and worthy causes using peer payments. It currently has dozens of verified charities on the platform. If a charity has a form 990 issued to them from the U.S. government, it is immediately verified as a charity on tsū and a flower icon appears against its tsū user name. Verified charities can immediately begin accepting peer to peer donations. Its message of ownership has resonated with a variety of users. The platform has charities, street artists, bloggers, athletes and Olympians, college coaches, glass blowers, YouTubers, songwriters, proud parents, publishers and more. https://plus.google/101090574080793735161/posts/jXFe6BMSaX1
Posted on: Sun, 11 Jan 2015 06:04:17 +0000
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