Flip Launches $100M Creator Fund to Compete with TikTok Shop and Boost Creator Earnings

Flip, a competitor to TikTok Shop, has announced the launch of a creator fund that will provide up to $100 million in equity. This initiative aims to attract content creators to the platform, enhancing its competitive edge in the rapidly evolving social media landscape. Meanwhile, open source alternatives to popular platforms like Instagram, TikTok, and WhatsApp are also gaining traction, having successfully raised funds on Kickstarter. These developments reflect a growing interest in diversifying social media options and providing creators with more monetization opportunities.