Oculus co-founder Nate Mitchell is leaving Facebook, according to a memo sent to employees that was seen by The Information. Mr. Mitchell was the head of product management for virtual reality and the last co-founder of Oculus still working at Facebook since the virtual reality startup was acquired for $2 billion in 2014. “It was a difficult decision, but now feels like the right time for a...
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Creator Economy microsoft startups
LinkedIn’s Newsletter Subscribers Quadrupled as Meta, Twitter Axed Products
LinkedIn is the only big social media company that’s sticking with newsletters. This month, Facebook parent Meta Platforms and Twitter both shuttered their respective newsletter products as these tech companies cut costs, including shutting down products for creators, after overspending during the tech boom. But for LinkedIn, newsletters are seeing substantial growth. The Microsoft-owned...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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