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Small Travel Businesses Call On Facebook, Google for Ad Refunds

Facebook and Google have become the size of nation-states. Maybe they should provide bailouts to businesses, too. That appears to be some of the thinking behind a travel industry group’s petition Wednesday for the tech behemoths to refund recent advertising spending to small travel businesses, whose revenue has dried up due to coronavirus recently.  Specifically, the travel research firm Arival...

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Opinion startups
Stop Paying People So Much
Illustration by Clark Miller.
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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Verily headquarters in San Francisco. Photo by AP.
Exclusive google
Revenues Rise at Alphabet’s Verily But So Do Losses
Verily, an Alphabet unit applying data analytics to healthcare, continues to post heavy losses, according to previously undisclosed financial information.
Photo by Bloomberg
The Briefing markets facebook
Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
We’re in the middle of Chinese New Year celebrations at the start of the Year of the Rabbit. At Meta Platforms, though, it’s the “year of efficiency,” as CEO Mark Zuckerberg declared Wednesday on announcing fourth-quarter results.
Cameo co-founders Steven Galanis, Devon Townsend, Martin Blencowe, from left to right. Photo by Michael Kovac/Getty Images
Creator Economy startups crypto
Cameo and Rally Shutter NFT Products, #Paid Conducts Layoffs
I’m kicking off today’s newsletter with some news: Creator services from Rally to Cameo are ditching crypto features that generated lots of buzz during the pandemic.
Stripe CEO Patrick Collison. Photo by Bloomberg.
Crypto Global crypto
Stripe’s Ill-Timed Crypto Re-Entry; SBF Needs to Stay Off Signal
My colleagues have been busy covering the latest at payments giant Stripe , which is in talks with existing investors that include Joshua Kushner ’s Thrive Capital to raise $3 billion.
Photo by Bloomberg.
e-commerce amazon
Amazon’s No-Fly Zone: Drone Delivery Largely Grounded Despite Splashy Launch
Amazon in December announced with great fanfare that, after nearly a decade of work, it had finally launched drone delivery in the U.S., in two towns in California and Texas.
Exclusive entertainment
Netflix Tells Advertisers Sign-Ups to Ad Tier Doubled in January
Netflix is making progress in its plunge into advertising—slowly. The streaming firm told advertisers in the past 10 days that new sign-ups for the tier with ads had doubled in January over December, a sign that low-cost offering was catching on with subscribers, ad executives say.