Axios / Peter Allen Clark
Meta is putting the metaverse on the back burner →“According to PitchBook data compiled by Axios Media Deals’ Tim Baysinger, through March 16, 2022, companies that played in the metaverse or web3 space had raised nearly $2 billion in funding. So far this year, metaverse and web3 companies have raised $586.7 million, a bit more than a quarter of last year’s total.”
The Wall Street Journal / Jennifer Calfas and Joseph Pisani
The Wall Street Journal / Alexandra Bruell
Labor strife at The New York Times intensifies, dividing staff →“Times publisher A.G. Sulzberger last week sent a note to members of the union’s bargaining group for the first time, expressing his concern about the lengthy negotiations. Mr. Sulzberger claimed the committee is refusing to negotiate in person in small groups, a chance ‘to lock eyes, shake hands and hash out a deal,’ according to a copy of the email reviewed by The Wall Street Journal.”
The Drum / Christ Sutcliffe