The worst of the pandemic’s effect on the online ads business seems to have subsided—at least as far as Pinterest is concerned. The company posted revenue of $443 million during the third quarter—a 58% jump from the period last year. Pinterest attributed part of its success to increased spending from brands that were boycotting rival platforms like Facebook (something we earlier reported was a...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service—announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including...
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