Facebook reported 22% growth in ad sales for the third quarter, pushing up total revenue to $21.2 billion and surpassing past Wall Street and the company’s own expectations. But daily user growth in North America, Facebook’s most lucrative market, declined for the period—a trend management said would continue through the fourth holiday quarter. Like its peers in the digital ads industry,...
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MoonPay Is Trying to Reinvent Itself
In case you missed it, I scooped Tuesday that insiders at MoonPay, including its DJ-turned-CEO Ivan Soto-Wright, sold $150 million worth of shares in a secondary transaction as part of its $555 million November 2021 funding round. And a few weeks after the Series A announcement, Soto-Wright bought a $38 million Miami Beach estate that was previously owned by retired Miami Heat star Chris Bosh....
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