Private equity firm KKR is to invest $500 million in Box, the companies announced, to fund a $500 million stock buyback by the cloud storage firm. At the same time, a KKR representative will join Box’s board, and Box co founder and CEO Aaron Levie will give up his role as chairman. The investment appears to be Box’s response to pressure from activist investor Starboard Value, which bought a...
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The Briefing Facebook Entertainment
What the Chappelle Drama Says About the Difference Between Netflix and Facebook
If news media coverage is anything to go by, the biggest drama on Netflix right now isn’t “Squid Game” but the internal company battle over Dave Chappelle’s comedy special. And what’s striking is how differently Netflix management has handled this free speech issue from how other tech executives—such as Facebook CEO Mark Zuckerberg—have handled similar content debates. (Tip of the hat to my...
China Considers Opening Tencent and ByteDance to Third-Party Search
China’s Economy Grows at Slowest Pace in a Year
Netflix Fires Employee for Leaking Metrics
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