PayPal has become the first foreign company to wholly own a payments platform in China, Reuters reported, citing Chinese corporate filings. China has recently loosened rules that would allow foreign companies to own more than a minority stake in certain industries such as banks and insurance companies. While PayPal is taking advantage of these looser restrictions, the move comes too late...
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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