Tech Brew Ride Home Mon. 07/20 – eBay to Sell Its Classified Ads Business?
Jul 20, 2020
eBay is offloading its classified ads business to focus on its core marketplace. Disney has reduced its ad spend on Facebook amid rising content concerns. Windows 10X is on the horizon, tailored for business and education. Meanwhile, GPT-3 is generating buzz with its astounding text generation capabilities, raising excitement and debate about its future uses. Lastly, Snapchat is teaming up with Headspace to introduce in-app meditation, blending mindfulness with social media.
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eBay's Divestment Strategy
- EBay is selling its classifieds business, continuing its trend of divesting non-core assets.
- This move follows pressure from activist investors to focus on the core marketplace.
Reliance Jio's Super Operator Ambitions
- Reliance Jio is building a "super operator" by partnering with tech giants like Facebook, Google, and Microsoft.
- This strategy aims to create a WeChat-like super app for India's mobile telecom network.
Disney's Quiet Facebook Ad Cut
- Disney quietly cut Facebook and Instagram ad spending due to concerns about content policies.
- This move is significant as Disney was one of Facebook's top U.S. advertisers.