Upper90, a New York-based investment firm, has raised $180 million for its third fund focused on financing early-stage startups with debt or a mix of debt and equity. It’s the latest in a crop of new funds angling to back startups with alternatives to equity as venture investors retreat and the market for new stock offerings remains closed. Founded in 2018 by chief executive officer Billy...
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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