Meta’s Chief Product Officer has warned employees of lean times ahead as the company struggles with slowing advertising revenue and macroeconomic pressures. In an internal memo viewed by Reuters, Chris Cox said the company was in “serious times,” adding that “the headwinds are fierce.” “We need to execute flawlessly in an environment of slower growth, where teams should not expect vast...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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