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In the loop: Instagram’s new video venture, increased exports and Calm’s amazing series A

Written by Angus Shaw, Varsha Saraogi on Friday, 22 June 2018. Posted in Insight, Analysis

This week we took a deep dive into how IGTV, look into why people are getting fired and investigated how Meghan Markle’s nuptials may have boosted British e-commerce

In the loop: Instagram’s new video venture, increased exports and Calm’s amazing series A

Instagram challenges YouTube with new video-sharing app

YouTube has long been king of online video-streaming, with rivals like Vimeo and DailyMotion not even getting close. However, after releasing its own long-form video app IGTV, Instagram has now made its claim for the throne.

In a dramatic departure from the company’s still-image beginnings, IGTV won’t just exist as its own app but will enable Instagram users to upload an hour of footage instead of a minute. However, staying true to its mobile-based audience, videos defy horizontal angles by locking to the vertical view of a phone.

To drum up support, Instagram rolled out the red carpet for homegrown celebrities like King Bach as well as top-followed stars such as Kim Kardashian West to first stream on the service.

With the release of the monthly billed YouTube Premium this Monday, Instagram’s fresh offer is certainly timely.

Mental fitness app Calm raises $27m funding in Series A round

Workers’ poor mental health can undoubtedly affect businesses in a bad way. That’s why it’s encouraging to see huge investments in startups trying to boost emotional wellbeing.

This week saw one of them, Calm, a mindfulness and meditation app, close a $27m series A round. The funding round was led by Insight Venture Partners, the VC firm, and supported by Ashton Kutcher’s Sound Ventures. With over 26 million downloads, it now plans to increase their footprint by spreading mental wellbeing. 

Calm is co-founded by Alex Tew, The Million-Dollar Homepage and Michael Acton Smith, the serial entrepreneur best known for Moshi Monsters, the online game, who long-term readers will recognise as Elite Business’ first cover star. 

So if you’re looking to regain you zen, then we’ve got an app that can mentally recharge you.

SMEs had a surge in confidence for international exports

Given SMEs comprise 99% of the economy, experts watch them like hawks for the slightest signs of panic – especially with the Brexit deadline next March. And contrary to fears, a new report shows that 47% of small-business owners  expect to see their exports jumping by that time.

Having surveyed 500 scaleups and more than 500 non-scaleups, Smith & Williamson, the financial services firm, also found that merely 12% predict exports drop over the next 12 months. When taking a magnifying glass to companies with 50 to 250 employees things look even brighter, given three in five see increases and one in seven have faith in their turnover rocketing beyond 50%.

British SMEs look ready to set sail overseas more than ever. However, the wind can easily change between now and nearing the ides of March next year.

Top reasons why Brits get fired 

Beware Brit professionals.  Having too much fun on the weekends or watching reruns of your favourite episode at work might cost you your job, according to a research by Turner Little, a company formation enterprise. 

The findings which surveyed 1,446 fired employees showed that most were getting laid-off due to poor performance, with one in four released for failing to hit their targets. Apart from slacking at work, some sinister trends included 3% of workers failing drug tests. One in ten even had what the researchers referred to as as a “questionable search history.“

Whatever your guilty pleasures might be, its better to keep them for hours after work or it might be your last day at your desk. 

Kim Kardashian West aces in her networking skills

After probing Donald Trump to grant freedom to a 63-year-old from prison to speaking with Twitter CEO for an edit button for tweets, Kimmie definitely knows how to use her contacts to the fullest - a great lesson for startup leaders. 

Transgender people still fight to get a place in UK offices

Shocking research revealed that three out of four business owners think they have never employed a transgender person. Even more worryingly, one in three head honchos would be reluctant to hire a transgender worker. 

Management tips to take from the World Cup

Apart from entertainment, the football teams can definitely teach you a few winning strategies to use in business. 

Gearing up for automated vehicles

With artificial intelligence taking over and sliding into every industry, we asked the question of whether we are prepared to see driverless cars on the roads?

Building business’ backbone

Even with deadlines and targets, how can professionals stay motivated at work without having to succumb to mental health issues?

E-retail market sees another high

Whether it was the much needed sunshine, the marriage that saw us welcome a new Duchess of Sussex into the royal family or the World Cup, the online market is booming with better profits leaving the high street still in losses. 

About the Author

Angus Shaw

Angus Shaw

With a keen eye for politics as editorial assistant, Angus can often be found scanning the horizon for the next big waves crashing against business shores – which makes up the time when he's not setting sail at Radio Caroline, the former pirate station, on weekends. Follow him on Twitter @Angus_Shaw for his latest cognition

Varsha Saraogi

Varsha Saraogi

As junior feature writer and a recent MA Journalism graduate, Varsha has joined the Elite team to fuel her passion. Along with being immersed in the money making sector and ranting about women’s rights, she will be hunting for news about everything business related. And burying her head in economic magazines. Follow her on twitter at @msvarshasaraogi for her mundane musings.

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