Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs were “automated or from bots”
Last year, the CEO of messaging app IRL repeatedly said it had 20 million monthly active users, who chatted about shared interests and planned real-world events together. LinkedIn:...
A critique of a16z's State of Crypto 2023 report, which seems to be an exercise in propaganda with the sole goal of bolstering the VC firm's bottom line
Venture capital firm and crypto pusher Andreessen Horowitz wants you to keep buying crypto, and is not above publishing blatant falsehoods to convince you to do so. Mastodon: @shau...
Sources: Sequoia resigned from Citizen's board after the startup offered a “pay to play” deal obliging existing investors to participate in a new funding round
Investor abandons start-up over fundraising that has massively diluted its shareholding, as Silicon Valley VCs re-evaluate deals
Sources: GroupM clients cut Twitter ad spend by 40%-50% since Elon Musk took over; Standard Media Index is seeing fewer January and February ad bookings in 2023
Sahil Patel / The Information : See also Mediagazer
Sources: in December, Twitter started considering auctioning off usernames to generate revenue; Elon Musk had said he wants to free up 1.5B inactive usernames
The company has discussed selling some user names through online auctions, people with knowledge of the plans said.
Yuga Labs, the owner of three of the top NFT brands including Bored Ape Yacht Club, raises $450M at a $4B valuation led by a16z to build an NFT media empire
In my first newsletter issue “From Corporation to Self-Actualization” … Michael Spencer / Web3 Digest : Bored Ape Yacht Club creator raises $450 million to build an NFT metaverse N...
ApeCoin DAO lets Yuga Labs talk up the virtues of decentralization while also enjoying the benefits of centralization, namely collecting all the profits
Tokens like the new one from Bored Ape Yacht Club promise to decentralize the web. So why are insiders reaping most of the profits? — I.
An investigation into OnlyFans owner Leo Radvinsky, who has attracted law enforcement scrutiny amid reports of wage theft and potential underage sexual activity
The first digital trace of Leo Radvinsky dates back to 1997 when Radvinsky, then just 15-years-old, acted as a webmaster … Tweets: @scottmstedman , @labarbarapalmer , @scottmstedma...
Andreessen Horowitz raises $9B across three funds: a $1.5B Bio Fund, a $5B Growth Fund, and a $2.5B Venture Fund
Andreessen Horowitz raises $9B across three funds: a $1.5B Bio Fund, a $5B Growth Fund, and a $2.5B Venture Fund
Ben Horowitz / Andreessen Horowitz :
Sources: Facebook is offering musicians and celebrities, via production companies, payments to host Live Audio Rooms; source says up to $50K per session
Sources: Facebook is offering musicians and celebrities, via production companies, payments to host Live Audio Rooms; source says up to $50K per session
Facebook is offering to pay musicians and other celebrities tens of thousands of dollars to host sessions on its new live audio feature …
Meta aims to remove ad targeting options based on user interactions with content about health, race, political affiliation, religion, and more, by January 19
Meta, the social media company formerly known as Facebook, said on Tuesday that it planned to eliminate advertisers' ability …
Mark Zuckerberg says that Facebook does not prioritize profit over safety and well-being and argues that many of Frances Haugen's claims don't make sense
I wanted to share a note I wrote to everyone at our company. — Hey everyone: it's been quite a week, and I wanted to share some thoughts with all of you.
Mark Zuckerberg says that Facebook does not prioritize profit over safety and well-being and argues that many of Frances Haugen's claims don't make sense
I wanted to share a note I wrote to everyone at our company. — Hey everyone: it's been quite a week, and I wanted to share some thoughts with all of you.
Video of Facebook whistleblower Frances Haugen's testimony before the Senate Commerce Committee
Video of Facebook whistleblower Frances Haugen's testimony before the Senate Commerce Committee
Mark Zuckerberg says that Facebook does not prioritize profit over safety and well-being and argues that many of Frances Haugen's claims don't make sense
I wanted to share a note I wrote to everyone at our company. — Hey everyone: it's been quite a week, and I wanted to share some thoughts with all of you.
Mark Zuckerberg says that Facebook does not prioritize profit over safety and well-being and argues that many of Frances Haugen's claims don't make sense
I wanted to share a note I wrote to everyone at our company. — Hey everyone: it's been quite a week, and I wanted to share some thoughts with all of you.
WSJ's Facebook Files, which uses Facebook's own data and research to highlight its impact on users, is Facebook's biggest crisis since Cambridge Analytica
Casey Newton / Platformer :