Meta’s future is muddled by declining Facebook users, slow metaverse adoption and a beleaguered ad model: In response to TikTok's success, Meta will shift focus to video, but will the reactionary move be enough to recover losses?
Mental health M&As have been firing up—and Calm joins along: The mental health app is acquiring Ripple Health to diversify its mental health offerings. We unpack what it means for its business strategy and how it's part of a larger trend.
Gopuff fine-tunes its retail media network play: While other rapid-delivery startups stumble, Gopuff hopes improvements to its advertising platform will ensure longevity.
In 2021, mobile finance apps reached 573.1 million downloads in the US, up nearly 19% from 481.9 million in 2020.
Chip shortage caused, in part, by lack of manufacturing of older processors: Investors focusing on premium 16 nm chips or smaller results in shortages of cheaper but necessary silicon chips but could lead to continued scarcity of low-cost semiconductors.
JD.com hopes the Year of the Tiger will prove auspicious: The ecommerce giant gave away JD.com hopes the Year of the Tiger will prove auspicious: The ecommerce giant gave away RMB1.5 billion ($232.5 million) in a bid to attract users to its payment services. in a bid to attract users to its payment services.
$1.2 billion in rural broadband funding is on its way: Access could open up in 32 states, but the FCC will strictly monitor the expansion to ensure it serves communities that need it most.
Sony to buy Bungie for $3.6B in latest gaming mega-deal: Acquisition looks to be a long-term play to secure future exclusives, but consolidation could stifle future innovation.
Apple earnings show how much its ad business has grown amid iOS 14.5: App Store search ads have benefited greatly from its privacy update—something advertisers have known for a while and regulators won’t be able to ignore for long.
Advertisers ask regulators to ease up on ad-targeting legislation: Two advertising groups said banning targeted ads could seriously harm the US economy.
Strong iPhone sales push Apple’s revenues to record-high levels: Its success intensifies pressure to produce the next big thing, which could be an EV or an AR platform.
Instacart will allow merchants to run storefronts and display ads: The move follows months of high-level advertising hires from Big Tech firms.
Creator funds see mixed success: Social platforms offer more monetization tools than ever, but many content providers still struggle to get paid.
New York sports betting soars in first nine days of legalization: The rapid success could win over states like California, which is set to consider legalization in 2022.
Apple’s iCloud goes dark globally: Users are locked out of iMessage, Apple Mail, and other services, exposing the danger of running multiple services on the same cloud on an overburdened network.
5G might not be a problem for airplanes after all as FAA clears 78% of commercial aircraft: Remaining restrictions are scheduled to be lifted in six months, which might result in continued conflict.
Ohio manufacturing site could turn the tide for Intel: The new location will employ 3,000 and could inspire other chip manufacturers to jump on local government incentives and cheap land.
Peloton faces an uphill battle as it struggles with weak demand: New reports paint a picture of a company in crisis, making an acquisition attempt likely.