Two of the largest investors in Beijing-based ByteDance–General Atlantic and Sequoia Capital–are vying to be part of an Oracle bid to acquire the U.S. operations of its TikTok video-sharing service, The Wall Street Journal reported . This suggests that the tide may be turning in Oracle’s battle with Microsoft to strike a deal for TikTok’s U.S. operations before the mid-November deadline that...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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