Meta Platforms’ revenue was up in the fourth quarter but the company’s rate of new users has slowed as it contends with competition for users’ time from rivals such as TikTok, increased regulatory scrutiny and the impact of Apple’s privacy changes. The social media company’s shares fell more than 20% in after-hours trading following the earnings announcement Wednesday. Meta reported $33.67...
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On the Market: The Founders Who Joined Microsoft, Spotify, Coinbase and Twitter
Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley. That means managers and engineers who also have the entrepreneurial bug are now on the market. Twitter’s most recent round of job cuts included at least four such founders, including the entrepreneurs behind...
Flagstar Acquires Most of Signature Bank, Excluding Crypto Business
Amazon Laying Off 9,000 More Employees, Including in AWS, Ads, Twitch
FDIC Sets Deadline for SVB Bids
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