Logistics startup Flexport said it laid off 20% of its workforce Wednesday morning. The aggressive restructuring, which will impact upwards of 600 people, comes just two months after Flexport announced plans to hire 400 engineers and double the size of its technical team by the end of 2023. The company claims those plans remain unchanged. The company didn’t say which departments within the...
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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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