ByteDance is in talks to raise $2 billion from investors including Sequoia at a valuation of $180 billion, Bloomberg reported. That’s a big lift in ByteDance’s valuation. The company last raised money at a $75 billion valuation in 2018 although its shares recently have traded on the secondary market at a valuation of $140 billion. The fundraising would come ahead of a planned public...
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Creator Economy
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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