Alibaba Group’s revenue for the quarter through September grew only 3% from a year earlier, but its operating profit rose 68% as the Chinese e-commerce giant focused on cost cuts. Alibaba, whose share price has fallen 35% since the beginning of this year, also said its board has approved to upsize its share buyback program by another $15 billion. Alibaba said it has already bought back about...
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Creator Economy
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