Meta reports Q2 revenue up 11% YoY to $32B, net income up 16% YoY to $7.79B, and family daily active people up 7% YoY to 3.07B for June 2023; META jumps 10%+
but most of the new users came from outside the US and Canada Karissa Bell / Engadget : Meta had its best quarter since 2021 despite losing more money on the metaverse Abubakar Idris / The Messenger :...
Nigerian payments startup Flutterwave, which is valued at $3B, is facing allegations of a money laundering scheme worth up to $215M in Kenya
Abubakar Idris / Rest of World : Tweets: @restofworld , @restofworld , and @yinkawrites Tweets: @restofworld : Months after accusations of mismanagement and sexual harassment rocked the Nigerian fint...
A look at the rise of BNPL services in Nigeria as some doubt the success of local startups amid weak ID verification systems and scant consumer credit records
Abubakar Idris / Rest of World : Tweets: @restofworld and @yinkawrites Tweets: @restofworld : Only 2% of Nigeria's 106 million adults have access to bank credit, and credit cards are also conspicuous...