Reliance’s Jio Platforms, India’s largest wireless carrier, is preparing for an initial public offering within two years, Bloomberg reported. The news comes on the heels of a number of high-profile investments in Jio. Facebook and U.S. private-equity firms Silver Lake Partners, General Atlantic and KKR have together invested more than $10 billion in the Indian firm this year as Jio’s parent...
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LinkedIn’s Newsletter Subscribers Quadrupled as Meta, Twitter Axed Products
LinkedIn is the only big social media company that’s sticking with newsletters. This month, Facebook parent Meta Platforms and Twitter both shuttered their respective newsletter products as these tech companies cut costs, including shutting down products for creators, after overspending during the tech boom. But for LinkedIn, newsletters are seeing substantial growth. The Microsoft-owned...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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