Indian hotel startup Oyo swelled to more than 20,000 workers in seven years since its founding, racking up billions in funding. It’s now cutting deep into its work force to downsize, laying off thousands, Bloomberg reports. Aside from WeWork, this is likely the largest number of layoffs by a firm backed by SoftBank’s Vision Fund, which owns 48% of Oyo. There are strong echoes of WeWork. Both...
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YouTube’s Ad Revenue Falls Again; More U.S. Pressure on TikTok

A continued decline in YouTube ad revenue spells bad news for creators who earn money from the video-sharing site. On Thursday, Alphabet said YouTube’s ad revenue fell nearly 8% to $7.96 billion during the fourth quarter compared with the same period a year earlier. That’s the second straight quarter of decline.
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