Adam Mosseri says in 2022 Instagram will “double down” on video, consolidate its video products around Reels, and focus on creators, transparency, and messaging — In a brief year-end video message, Instagram head Adam Mosseri offered some insight into what's ahead for the platform.
Sources: Apple and Meta are set to face modest fines for allegedly breaching the EU's DMA, which allows fines of up to 10% of companies' global annual sales (Reuters)
Reuters:
Sources: Apple and Meta are set to face modest fines for allegedly breaching tDelivery Hero says Uber has terminated its $950M deal to acquire Foodpanda in Taiwan and will pay a ~$250M termination fee after Taiwan's FTC blocked the deal (Reuters)
Reuters:
Delivery Hero says Uber has terminated its $950M deal to acquire Foodpanda in How focusing on West Africa helped music streamer Audiomack grow alongside industry giants like Spotify; 50% of its 40M monthly listeners are from Africa (Janko Roettgers/Fast Company)
Janko Roettgers / Fast Company:
How focusing on West Africa helped music streamer AudioSkype was an early harbinger of technology as culture, and its demise is a good lesson in how ineffective middle management can destroy great acquisitions (Om Malik/On my Om)
Om Malik / On my Om:
Skype was an early harbinger of technology as culture, and its demXiaomi launches the 6.36" Xiaomi 15 and 6.73" Xiaomi 15 Ultra in the EU and UK, offering the Snapdragon 8 Elite, 120Hz displays, and more, for €999+ and €1,499+ (Simon Hill/Wired)
Simon Hill / Wired:
Xiaomi launches the 6.36" Xiaomi 15 and 6.73" Xiaomi 15 Ultra in thSources: longtime Elon Musk ally Michael Grimes is leading a shake-up of the Chips Program Office, which administers billions in semiconductor subsidies (Michael Acton/Financial Times)
Michael Acton / Financial Times:
Sources: longtime Elon Musk ally Michael Grimes is lea
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