SoftBank announced the establishment of the SoftBank Vision Fund 2, saying it expects to raise $108 billion for the new tech investment fund. It follows the Japanese company’s existing $100 billion Vision Fund, which has invested in everything from Uber to WeWork to Slack. SoftBank, led by its billionaire founder Masayoshi Son, also disclosed a list of the new fund’s expected investors,...
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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