Google Cloud announced on Wednesday that it has acquired the data management firm Actifio for an undisclosed amount. The Boston-based company has nearly 400 employees and was last valued at $1.3 billion in 2018, according to Pitchbook. In total, Actifio has raised $461 million. The acquisition signals yet another major investment by Google to bolster its cloud offering. It’s also...
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TikTok’s Owner Generated Nearly $7 Billion in Cash From Operations in First Quarter
The cash machine of TikTok’s owner is getting bigger. ByteDance’s revenue rose 34% to $24.5 billion in the first quarter of 2023, a slight slowdown from its 38% revenue growth in the 2022 calendar year, according to detailed financial results viewed by The Information. But the company generated $6.8 billion in cash from operations in the period, an improvement from $5.8 billion in...
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