Box shares rose more than 10% after Reuters reported that the file-sharing company is looking for a buyer and has talked with tech companies and private equity firms. The situation suggests that activist hedge fund Starboard Value, which announced a 7.5% stake in Box two years ago, is losing patience with Box, whose business hasn’t seen much of a boost in the shift to working from home...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok? It’s a delicate topic inside Meta. After three years of work on Reels—a feature on Instagram and Facebook that shows...
Rent the Runway Restructures Debt
iRobot Share Price Slides Amid Scrutiny of Amazon Buyout
Spotify Reports Sharply Higher Operating Loss
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.