TikTok owner ByteDance earlier this year put on hold its intentions to go public in Hong Kong or the U.S., after Chinese government officials told the company to focus on addressing data-security risks, the Wall Street Journal reported. ByteDance’s decision in late March to shelve its IPO discussions is yet another indication of how Beijing has been steadily increasing its control over the...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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