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...
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