Instagram head Adam Mosseri said Tuesday that the photo-sharing app will double down on video and consolidate its video products around Reels, its TikTok-competitor, next year. The moves will extend some changes to video Instagram has already put in place. In October, Instagram discontinued its long-form video product IGTV after noting that few people were using it and brought those videos...
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Lessons From the Last Three Years of IPOs
Talk about hangovers in the wake of initial public offerings! It’s a telling sign when you have to go back to 2019 to find a decent number of tech IPOs that are still above water. As we recounted today—and demonstrated in a cool chart—the vast majority of last year’s IPOs are underwater. The group from the year before isn’t doing much better. But the crop from 2019, when companies such as...
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Amid Slowing Sales, Amazon to Hold Second Prime Day in October
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