Magic Leap, the troubled augmented reality company that underwent mass layoffs and a CEO change last year, has raised $500 million in funding at a valuation of close to $2 billion. That is well up on last year, when investors had written down their stakes in the company to a value of $450 million, although it is well short of the $6.4 billion at which Magic Leap raised money in 2019. The...
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The Briefing Facebook Entertainment
What the Chappelle Drama Says About the Difference Between Netflix and Facebook
If news media coverage is anything to go by, the biggest drama on Netflix right now isn’t “Squid Game” but the internal company battle over Dave Chappelle’s comedy special. And what’s striking is how differently Netflix management has handled this free speech issue from how other tech executives—such as Facebook CEO Mark Zuckerberg—have handled similar content debates. (Tip of the hat to my...
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