Facebook’s U.K.-based employees earned an average of £234,000 each in compensation during 2019, up nearly 7% from the prior year. In new financial results disclosed by Facebook U.K. this week, the company said revenue for the 2019 financial year of £1.1 billion, up 34% from the year before. The filing showed Facebook U.K. made a £87 million profit after paying £29 million in corporate tax to...
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The Weekend Crypto Startups
The Information Weekend: The Queen of Audio Porn; the Temptation of the Sneakerheads; a Heretical Wedding; and Parentverse Takes Your Kid Questions
Hi, welcome to your Weekend!With apologies to next month’s annual Hallmark holiday, the theme of this weekend’s issue is love. Annie writes about a well-connected founder building an audio platform for better self-love. Malique talks to sneakerheads about their love of fresh Nikes and Adidas, and asks whether that love will translate to digital footwear. We recap the epidemic of “...
Sriram Krishnan to Shift to Andreessen Horowitz’s Crypto Team
Google Boosted Lobbying Spending as Antitrust Pressure Rose
Peacock Taps Second Hulu Executive
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