As so often happens, Elon Musk is betting against conventional wisdom. Guideline data shows his campaign to make Twitter/X hate-speech-friendly has succeeded in driving its U.S. ad revenue down more than 50% since he took over last October. So crazy it might just work. Or maybe just crazy.
Meta has always known that users are worth more as ad targets than subscription buyers. Unfortunately for them, European regulators are clamping down on poorly consented data collection. As a result, it’s looking increasingly likely that Facebook and Instagram will have to introduce an ad-free option for European Union residents, reportedly at a rate of $14 per month on mobile devices.
South African fintech Stitch, which has built an “end-to-end payments solution designed to meet the complex and evolving payments needs for its enterprise clients,” has raised US$25 million in an extension round of funding led by global fintech investor Ribbit Capital, bringing Stitch’s total Series A to US$46 million.
Amperity has launched Lakehouse CDP, which delivers CDP functions within “lakehouse” data stores including Snowflake and Databricks. Amperity tools for data modeling, data quality, identity resolution, generative AI, segmentation, and performance measurement will send all results to a company’s own lakehouse rather than a separate Amperity-managed database. Modules can be used independently but the real benefit here is that Amperity is one of the few “composable” CDP vendors who offer a complete set of pre-integrated CDP functions.