23 May - Singapore's bid to become a startup hub seems to be succeeding, as yet another enterprising, young graduate who can't find a regular job because $2500 a month is too much to pay a graduate, has launched his SlowNewsDays App, which caters to tabloids such as the Straits Times and Channel News Asia.
The startup has also managed to attract credible, well-respected news outlets such as The Real Singapore, The New Paper, and Wanbao; it is believed The Online Citizen and The Independent Singapore are potential customers, but have indicated they are too hippy and "independent" to subscribe to this service (read: cheapskate and saving their money for when they get sued).
Startup founder, Johnny Sibeisianzhaobudaogongzhuo Tan, explains the business model. "Using an algorithm, my app trawls reputable news sources like the HardwareZone Forum and generates ideas for media outlets on slow news days, looking for the next offensive comment on social media, or a reckless driver cutting some guy with a camera in his car off, or just generally anything that people would have gone and told somebody off about 10 years ago in the face but rather take a video and post on social media now.
It is expected that the app makes up about 80% of their real news (with the other 20% being the advertisements and obituaries).
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