Silicon Valley venture firm Founders Fund is closing in on $2.7 billion for a new fund, the Wall Street Journal reports. The firm, which has backed companies like Facebook, SpaceX, AirBnB, and Stripe, reportedly plans to invest $1.5 billion of the new money into late stage opportunities. Founders Fund’s plan to redouble its spending on late-stage bets is in keeping with the trend in venture...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok? It’s a delicate topic inside Meta. After three years of work on Reels—a feature on Instagram and Facebook that shows...
Rent the Runway Restructures Debt
iRobot Share Price Slides Amid Scrutiny of Amazon Buyout
Spotify Reports Sharply Higher Operating Loss
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.