
Meta is in Free Fall: Users Are Leaving, Revenue is Down, Stock Keeps Falling
It doesn't look good for Meta as the company is trading at its lowest stock value since 2019, advertisers are dropping spending, and users are leaving its platforms.
It doesn't look good for Meta as the company is trading at its lowest stock value since 2019, advertisers are dropping spending, and users are leaving its platforms.
Photographers are facing a growing problem over unpaid royalties with stock agency EyeEm allegedly in some difficulty.
Photographer Mattia Bicchi recently spent seven days in London to capture gorgeous timelapse and hyperlapse footage of the United Kingdom's capital city in 4K.
Photo stock agency Dreamstime is tackling copyright infringement by attempting to "educate" violators in the hope they will become legitimate customers.
In May, Shutterstock acquired the world's largest video-centric stock agency Pond5 for $210 million. While greatly bolstering its own library, the acquisition also gave it the benefit of taking that footage away from rival Adobe Stock.
Getty Images has announced what it says is the industry's first model release that reflects advancements in data privacy and security as well as covering artificial intelligence, machine learning, and biometric data security.
Smarterpix, Germany's leading stock photo agency, has announced an industry-first: a set of stock portraits that are 100% generated by artificial intelligence (AI) and available for legal licensing.
B.J. Novak is best known for acting in, writing, directing, and producing the hit TV show The Office. Over the past several years, however, his face has also appeared in all kinds of products around the world... completely without his knowledge or permission.
Like chameleons, we photographers change with our environment to survive and thrive. It's inspiring to see the way we have risen to new and ever-evolving challenges in the industry. Yet, photographers are being taken advantage of now more than ever.
Recently, the creators behind Mango Street shared how their stock photos made them $47,000 in one year, but how realistic is this scenario for other photographers to emulate?
Shutterstock has announced the acquisition of PicMonkey, an online photo editing and design platform, for $110 million.
After over half a century as a privately-held business, the Swedish lighting company Profoto went public today, listing its shares on the Nasdaq Stockholm stock exchange. As a public company, Profoto is now required to publicly disclose its financial performance for the first time.
It was so close to the first of April, it sounded like an April’s fool hoax: the gentle freedom-loving all sharing company would be selling to the greedy capitalistic money-making titan. Or, in other words, Getty Images was acquiring Unsplash. The two unlikely partners officially became at the end of April, sending ripples through the stock photography world and beyond.
Unsplash has announced that as of today it is being acquired by Getty Images. In a blog post, Unsplash's founder Mikael Cho says that it will continue to operate as a standalone brand inside of Getty and that the free content model won't be changing.
Shooting timelapse is certainly a lot of fun, but trying to sell them and make money is an entirely separate story. So that leads to the question: how can you monetize the planning, time spent shooting, and the effort of editing hundreds or thousands of pictures into extra income or maybe a new career?
Kodak's stock price has gone on quite a roller coaster ride over the past week after the company announced a $765M US loan to pivot into generic drug production. But it's not just the price people are talking about -- unusual trading activity and a stock option grant to Kodak's CEO are also making headlines.
If you were an investor in Kodak prior to this week, you're probably grinning from ear to ear right now. After news emerged yesterday that Kodak is doing a major pivot into drug manufacturing with a $765M loan from the US government, mom-and-pop investors are now piling into KODK, sending the stock soaring over 2,000%.
Kodak's stock skyrocketed severalfold today, and it had nothing to do with the company's long-established business in the world of photography. News broke that Kodak had secured at $765 million loan from the US government to shift its attention to producing ingredients for generic drugs.
For those who are anywhere near the microstock photography industry, you may have noticed that there is a lot of shouting going on at the moment about the latest release from Shutterstock.
On June 1st, Shutterstock unveiled a new royalty structure that infuriated photographers, sparked widespread criticism, and even inspired an online petition with over 7,500 signatures. On that same day, Dreamstime increased royalties by 10% to support their contributors during this difficult time.