Alibaba Group’s chief financial officer said that the Chinese e-commerce giant expects its cloud computing business unit to become profitable in the current fiscal year. Speaking at Alibaba’s annual investor event on Wednesday, CFO Maggie Wu also said Alibaba Cloud now has more than 3 million paying enterprise customers. Alibaba Cloud, a fast-growing business that now accounts for 8% of...
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Meta’s Resistance to Sharing Ad Sales Starts to Crumble
For at least a year, one question has hung over Meta Platforms-owned Facebook and Instagram: whether the apps will introduce a way to share a cut of ad revenues with more creators, similar to how YouTube pays video-makers. Our story today by Sylvia and Kaya goes deep into the debate at Meta over introducing ad-revenue sharing, which some staff viewed as a slippery slope, and a parallel argument...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators