WhatsApp’s chief business officer is leaving

Roughly one year after WhatsApp co-founder Brian Acton made his highly-publicized exit from Facebook, another executive and early employee of the messaging platform is doing the same. Neeraj Arora, WhatsApp’s chief business officer, announced today that he would be “taking some time off to recharge and spend time with family.” Facebook acquired WhatsApp for $19 billion […]

Josh Kushner’s Thrive Capital brings in $1B

It’s a good week to be Josh Kushner, venture capitalist, founder of the health insurance unicorn Oscar, brother to President Donald Trump’s senior advisor Jared Kushner and son of real estate tycoon Charles Kushner. Days after marrying supermodel Karlie Kloss, Kushner’s VC firm Thrive Capital has announced the close of $1 billion in new capital for […]

Meet Adam Mosseri, the new head of Instagram

Former Facebook VP of News Feed and recently appointed Instagram VP of Product Adam Mosseri has been named the new head of Instagram following the resignation of Instagram’s founders Kevin Systrom and Mike Krieger last week.. “We are thrilled to hand over the reins to a product leader with a strong design background and a […]

Facebook poisons the acquisition well

Who should you sell your startup to? Facebook and the founders of its former acquisitions are making a strong case against getting bought by Mark Zuckerberg and Co. After a half-decade of being seen as one of the most respectful and desired acquirers, a series of scandals has destroyed the image of Facebook’s M&A division. That […]

Facebook’s plan to let companies it buys live independently is over

Mark Zuckerberg was quick to realize that Facebook, the largest social network in the world, doesn’t have a monopoly on all users nor can it bank on holding its position as top dog forever. Thus he instituted a policy of buying up promising rivals and integrating them into the Facebook ‘group’ in a strategy designed […]

Why Instagram’s founders are resigning: independence from Facebook weakened

Facebook promised Instagram autonomy, but reduced it over time leading to today’s bombshell revelation. Eight years after launching Instagram and six years after selling it to Facebook, Instagram co-founders CEO Kevin Systrom and CTO Mike Krieger are leaving the company, according to The New York Times. The founders apparently did not give a reason for […]

For IGTV, Instagram needs slow to mean steady

Instagram has never truly failed at anything, but judging by modest initial view counts, IGTV could get stuck with a reputation as an abandoned theater if the company isn’t careful. It’s no flop, but the long-form video hub certainly isn’t an instant hit like Instagram Stories. Two months after that launched in 2016, Instagram was […]

Instagram says ‘you’re all caught up’ in first time-well-spent feature

Without a chronological feed, it can be tough to tell if you’ve seen all the posts Instagram will show you. That can lead to more of the compulsive, passive, zombie browsing that research suggests is unhealthy as users endlessly scroll through stale content hoping for a hit of dopamine-inducing novelty. But with Instagram’s newest feature, […]

Instagram co-founder Kevin Systrom has backed the U.K. challenger bank Monzo

 Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, is assembling quite an array of backers, many with a U.S. bent. Its most recent round, which gave the startup a £280 million post-money valuation, saw the likes of Goodwater Capital, Stripe, and Michael Moritz invest, and before […]