Chinese e-commerce giant Alibaba Group said its revenue for the quarter through June was flat from a year earlier, as Shanghai’s Covid-19 lockdown in April and May dealt a serious blow to its business. But even so, the revenue was better than analysts’ expectations. Alibaba’s net profit for the quarter dropped 50%, while operating profit declined 19%. Revenue from core China commerce...
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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