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The CEO of a company that makes mobile entertainment apps says he believes there's a "bright future for memes and the short-form video content space of user-generated content" despite the "storm raging in the wider industry."
In an Entrepreneur op-ed, FunCorp CEO Jay Kothari says users are "increasingly looking for authentic and relatable contentwhich is still hard, if not impossible, for AI to produce" and that users are "no longer passive consumers who just want to play a game or watch a video."
He says the company is "staying the course of offering our users an opportunity to share humorous content they make themselves" and that he sees a "bright future for memes and the short-form video content space of user-generated content platforms."
Kothari says that while some big tech and social media companies "might be playing musical chairs," he believes FunCorp is "staying the course of offering our users an opportunity to share humorous content they make themselves" and that the "universal need to unwind, check out of our daily troubles, and be entertained has not gone away."
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