Opendoor Technologies, a home-flipping company, lost money on nearly half of its transactions in August after the housing market turned, according to a Bloomberg report that cited data from YipitData. Opendoor uses a data-driven strategy to buy, renovate and sell homes, typically within a few months. It typically sells thousands of houses each month. As inflation and increased interest rates...
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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators
When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they’re likely to pepper the Meta Platforms CEO with different versions of a favorite question: What’s the latest on making money from Reels, Meta’s answer to TikTok? It’s a delicate topic inside Meta. After three years of work on Reels—a feature on Instagram and Facebook that shows...
iRobot Share Price Slides Amid Scrutiny of Amazon Buyout
Spotify Reports Sharply Higher Operating Loss
TikTok CEO To Testify Before Congress
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So much for Facebook’s efforts to become less political. Meta Platforms’ decision Wednesday to allow former President Donald Trump back onto both Facebook and Instagram threatens to undermine efforts Meta has made over the past two years to reduce the amount of political content people see in their Facebook feed.