Memecoins attempting to profit from a man's suicide highlight Pump.fun's extreme lack of boundaries; one of the memecoins soared past $2M in total value
even a horrific tragedy. @KevinTDugan on crypto's darkest corner. https://www.wsj.com/...
In email to X staff, Musk says “user growth is stagnant, revenue is unimpressive, and we're barely breaking even”; sources: banks plan to sell their debt in X
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar — Wall Street banks are getting ready …
The NYT sues OpenAI and Microsoft for copyright infringement, alleging they used millions of its articles to train AI, the first major US media outlet to sue
community responds Gaurav Girotra / Tech in Asia : NYT files copyright suit against OpenAI, Microsoft Jacob Oliver / CryptoSlate : New York Times sues Microsoft, OpenAI for alleged...
YouTube is testing a hub of free, ad-supported streaming channels with select media partners, looking to compete with Roku, Paramount's Pluto TV, and Fox's Tubi
Elon Musk changes his Twitter bio to “Chief Twit” and visits the company's San Francisco office; Twitter tells staff they'll “hear directly from him on Friday”
Elon Musk made his presence felt at Twitter's San Francisco headquarters Wednesday …
Antenna: 19% of US streaming users canceled 3+ subscriptions from June 2020-June 2022; average monthly customer defections were 5.46% in July, up from 4.46% YoY
what used to be called rational economic behavior. https://www.wsj.com/... Amol Sharma / @asharma : Nearly one-fifth of streaming subscribers are “serial” cancelers, a big problem ...
Memo to staff: Meta is reallocating resources from Facebook's News tab and newsletter platform Bulletin, as the company focuses more on the creator economy
to pay Rupert's and the Germans' blackmail, actually—without paying for links. Danny Denhard / @dannydenhard : Most people forget Facebook is ahead of the curve when it comes to wh...
Sources: Comcast and Google have emerged as the top contenders to help Netflix develop an ad-supported tier, and Netflix has discussed ad partnerships with Roku
Wall Street Journal :
How advertisers are dealing with Meta's ad price increases prompted by Apple's ATT changes, with some shifting their ad budgets to Google, Amazon, and TikTok
and leaders above them signing off on it — has impacted everyone from Facebook and Shopify to small businesses and DTC brands. To the tune of hundreds of billions of dollars! Glenn...
Meta beats with Q4 revenue of $33.67B vs. $33.4B est., up 20% YoY, 2.91B MAUs, up 4% YoY, but misses with EPS of $3.67 vs. $3.84 est.; stock down 20%+
- Facebook earnings came in below expectations for the fourth quarter, and the company said numerous challenges are ahead in the first quarter.
State AGs' lawsuit alleges Google misled publishers and advertisers for years about ad pricing by deflating sales for some while increasing prices for buyers
Details show Google employees fretting its ad tech auctions were ‘untruthful’ and based in ‘insider information’
Sources: Peacock had fewer than 10M paid subs as of May; Comcast is considering a deal with ViacomCBS or acquiring Roku as it seeks to become a streaming giant
Lillian Rizzo / Wall Street Journal :
Sources: CloutHub and FreeSpace are among the apps vying to be next platform of Trump, who “wants cash money up front” in exchange for followers he would bring
he wants cash flow, not long term value Ben Mullin / @benmullin : Donald Trump wants an up-front licensing fee to bring his brand (and presumably tons of followers) to a new social...
Sources: Amazon is in exclusive talks to buy Wondery, in a deal valuing the podcast network at $300M+; Wondery's on track to increase revenue to $40M+ this year
Venture-backed podcast company is in talks to be sold with a valuation of more than $300 million
Sources: Quibi mulled options like a freemium model and had 450K subs paying $4.99/mo. when it closed, far less than the 7.4M it targeted for its first year
on content, technology, and financial planning. In the end, their intuition was wrong. And the collapse was swift. Fantastic reconstruction by @BenMullin @Lilliannnn https://www.ws...
Sources: Quibi is exploring several strategic options including a possible sale, raising more money, or going public through a merger with a SPAC
Streaming-video service founded by Hollywood mogul Jeffrey Katzenberg has struggled to attract subscribers since launching in April
Sources: Quibi is exploring several strategic options including a possible sale, raising more money, or going public through a merger with a SPAC
Streaming-video service founded by Hollywood mogul Jeffrey Katzenberg has struggled to attract subscribers since launching in April
Unilever says it will halt US advertising on Facebook and Twitter for at least the remainder of 2020, citing hate speech and divisive content on the platforms
to the point where it has de-indexed entire countries rather than do so — but that dam broke this week. Why? https://www.cjr.org/... Alexia Bonatsos / @alexia : Facebook on the oth...
With top 100 brands contributing only an estimated 6% of Facebook's revenue and Zuckerberg's voting control over the company, ad boycott's impact may be limited
(CNN)For years, Facebook (FB) has been viewed as one of the only truly indispensable digital advertising platforms for big …
Zuckerberg says Facebook will now label content that violates its rules but was left up because it was deemed newsworthy and of public interest
Three weeks ago, I committed to reviewing our policies ahead of the 2020 elections. That work is ongoing, but today I want to share some new policies …