Affirm, a financial technology company that allows shoppers to purchase goods online and pay for them later, has raised $500 million in Series G funding led by GIC and Durable Capital Partners. Founded in 2012 by PayPal’s Max Levchin, Affirm has raised an estimated $1.6 billion to date. The company was last valued at $3 billion in 2019, when it raised $300 million in venture capital funding....
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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