Jon and Josh Viner—who started the dog-walking app Wag in 2014 and secured a $300 million investment from SoftBank earlier this year—told the company Tuesday they are leaving to start a fund focused on consumer startups. The departures come after Josh Viner had been replaced as Wag CEO earlier this year by former Yahoo executive Hilary Schneider to scale the company with the SoftBank’s money. The...
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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