Instagram co-founders shut down their Artifact News app – Dainik Savera Times
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So that continuous investment can be guaranteed. “It’s easy for startups to ignore this reality, but often making difficult decisions early is better for everyone involved,” Systrom, who is the app’s CEO, said in a blog post.
The Artifact app was recently named Everyday Essential App of the Year by Google Play Store. The company has decided to remove the ability to add new comments and posts. The CEO said, ‘This type of content requires a fair amount of moderation and oversight
And we won’t have the staff to support these features in the future. However, existing posts will continue to be visible to users on their profile self-view. Meanwhile, Artefact will continue to operate core news-reading capacity until the end of February. “We are in such an existential moment,” Systrom said.
“While many publications are closing or struggling, local news has almost disappeared, and large publishers’ relationships with leading technology companies have deteriorated.” ‘I hope technology can find ways to support, preserve and grow these institutions,’ he said
And these organizations can find ways to take advantage of the scale that things like AI can provide.’ The shutdown came amid a slowdown in usage of other news aggregators such as SmartNews.
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