TripActions has raised $304 million in a Series G financing, the company announced Wednesday. The funding round included $154 million in equity financing, plus $150 million in structured financing from Coatue Management. The fresh funding brings TripActions, which has reportedly filed confidentially for an IPO that could come as soon as the second quarter of next year, to a valuation to...
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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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Meta Insiders Debate Key Issue for Reels: Whether to Share Ad Dollars With Creators