Amy Wu, a former partner at Lightspeed Venture Partners that joined FTX in January to launch a $2 billion venture fund, resigned on Thursday, after the Lehman Brothers–style collapse of the crypto exchange this week left its VC arm in shambles. Wu, who confirmed her resignation with The Information, was an early advocate of Web3 startups, investing in Ethereum startup Offchain Labs and...
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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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