Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With CreatorsRead Now

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Affirm Confidentially Files to Go Public

Affirm, a financial technology firm that lends money to shoppers buying goods online, said it confidentially filed with the Securities and Exchange Commission to go public in an initial public offering. The startup, which was founded in 2012 by PayPal’s co-founder Max Levchin, has raised an estimated $1.6 billion to date, PitchBook data shows. Last month, Affirm raised $500 million in a Series...

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Creator Economy
Meta’s Resistance to Sharing Ad Sales Starts to Crumble
Photo: Bloomberg
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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CEO Maju Kuruvilla. Photo: Getty Images
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Bolt CEO Cuts Staff a Third Time as Revenue Lags
Bolt, the one-click checkout startup that slashed staff at least twice last year as growth fell short of its goals , laid off around 10% of employees on Tuesday, or at least 50 people, according to two people with direct knowledge.
Photo via Shutterstock.
Exclusive microsoft ai
Microsoft Plans Security Features, Wider Release for Its OpenAI-Powered Coding Tool
ChatGPT has generated headlines and hype since its release last year, with its humanlike responses to written prompts.
Jonathan Kanter, assistant attorney general of antitrust for the US Department of Justice, speaks during a news conference on January 24. Photo by Bloomberg.
The Briefing microsoft google
DOJ’s Latest Case Against Google Is Intricate But Important
Over my career as a tech reporter, regulators have sued or threatened to sue Google for exerting monopoly power in its ads business so many times it’s hard to keep track.
Photo by Bloomberg.
Exclusive microsoft ai
Microsoft Readies Service to Let Cloud Customers Pool Data Safely
As Microsoft weaves more artificial intelligence into its Azure cloud services and applications, it is also working on security and privacy software to assure customers their information doesn’t fall into the wrong hands when stored on cloud servers shared by multiple customers.
Photo via Shutterstock
Creator Economy entertainment
TikTok Expands Direct Messaging; Twitch Pens Letter To Creators
TikTok is quietly expanding its use of direct messaging, a feature that’s become a mainstay of rival Instagram.
Photo by Getty Images
Crypto Global crypto
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The crypto crash of 2022 led several companies to fall and file for bankruptcy. That could lead to more dealmaking in the coming months.