Carbonite, a provider of cloud-based data backup and cybersecurity software, has agreed to be acquired by OpenText, a company that sells software that large companies use to manage their data. The deal is worth $1.42 billion, which is a 78% premium on Carbonite’s stock price before a report in early September that the company was entertaining offers. The acquisition caps an extended period of...
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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