Tech
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Substack Lays Off 14% of Workforce as CEO Says Market Is ‘Increasingly Uncertain’
Read Chris Best’s full note sent to employees today
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YouTube Commands Two Thirds of the Video Ad Market – for Now | Charts
The video platform dominated the $14.8 billion in ad spending last year, but TikTok is a rising competitor
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TV
Available to WrapPRO members
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Trump’s SPAC Deal in Jeopardy After New York Grand Jury Subpoenas Company’s Entire Board
The company, Digital World Acquisition Corp., confirmed the news in a recent SEC filing
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Activision Blizzard Shareholders Defy Board, Vote for Public Report on Workplace Misconduct
Annual report would include number of pending sexual abuse, harassment or discrimination complaints and how much is being spent on settling misconduct claims
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Elon Musk Takes Questions From Twitter Employees: ‘Exceptional’ Staffers Could Remain Remote
The billionaire’s purchase of the social-media platform is still pending two months after he announced intentions to buy it
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Spotify Aims to Double Users to 1 Billion, Boost Ad Revenue to $10 Billion
Audio platform introduces streaming ads and expands audience network for content creators
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Kara Swisher to Leave The New York Times, Will Rejoin Vox Media for New Podcast
The new show will be a companion to Swisher’s “Pivot” podcast
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What Meta’s Next Chapter Will Look Like Without Sheryl Sandberg | Analysis
“She brought rigor and structure to balance Mark’s creativity. She brought gravitas to counter Mark’s occasional recklessness,” Elixirr partner Iliya Rybchin says
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Tech
Available to WrapPRO members
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Sheryl Sandberg Steps Down as COO of Facebook Parent Meta After 14 Years
“Lean In” author, who joined Facebook in 2008, will continue to serve on company’s board of directors
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Shareholder Lawsuit Accuses Elon Musk and Twitter of Late Disclosures, False Statements and Market Manipulation
Complaint claims Musk’s late disclosure saved him $156 million
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Women’s Avatars Are Being Sexually Assaulted in Mark Zuckerberg’s Metaverse Platforms
One was led into a room with two male avatars, another user was virtually groped and subjected to obscene comments
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Elon Musk Adds $6.25 Billion to Twitter Bid, Boosting Funding to $33.5 Billion
Twitter stock jumped almost 5% with this news
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Why Advertisers Need to Stop Wasting Money on Broadcast and Wake Up to Connected TVs | PRO Insight
Nearly 80% of U.S. homes with adults 18-44 are mostly streaming homes, yet 43% of TV ad buying in 2022 will be on old-school linear TV
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Media
Available to WrapPRO members
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SpaceX President Dismisses Sexual Misconduct Allegations Against Elon Musk as ‘False’
Gwynne Shotwell defended the CEO in an email to staff obtained by CNBC
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Clubhouse Has Peaked: Android Signups Plummet 86% Since Last Year | Chart
The social audio app has faced constraints and drastic decline since getting a pandemic boost in 2020
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Tech
Available to WrapPRO members