Twitter has acquired the news subscription service Scroll, adding to a recent string of acquisitions by the social network aimed at kickstarting its historically stagnant product development. Scroll, led by Chartbeat founder Tony Haile, lets people pay to remove ads from news stories they read, with publishers earning higher payouts that they’d receive from showing them ads. The team will...
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Snap’s Weak Q4 Projection Signals Sharp Slowdown in Ad Market
Advertisers are hitting the brakes—hard. That’s the message today from Snap, the first of the digital ad companies to report third-quarter earnings. A combination of Apple’s ad-targeting clampdown and knock-on effects from supply shortages are expected to sharply slow fourth-quarter ad growth, Snap executives warned. It was a sobering portent for Facebook, Alphabet and all other media firms...
Brex Said to Raise Funding at $12.3 Billion Valuation
Intel Blames Chip Shortage for Q3 Sales Miss
Snap Reports Slowdown in Revenue Growth and Projects Bigger Slowdown in Q4
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