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ByteDance Expects Revenue to More Than Double in 2019

By Alex Heath
· · Source: Reuters

ByteDance, the richly-valued Chinese tech startup behind video-sharing app TikTok, reportedly expects revenue to more than double in 2019 from the year prior, a dramatic increase that tracks with the rapid growth of TikTok around the world. Reuters reports that ByteDance’s internal revenue target for 2019 has been raised from 100 billion to 120 billion Chinese yuan, or roughly $16.8 billion at...

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SPAC Managers to Watch
By Ross Matican · Sept. 29, 2020 6:02 AM PDT

SPAC mania may be nearing its peak. Everyone from Peter Thiel to Paul Ryan is backing special purpose acquisition companies, firms that are taken public as empty shells, destined to raise money for the purchase of a business at some point in the future. And why wouldn’t they? For the SPAC managers, it’s a great way to get rich. 

In the case of Opendoor’s merger with a ...

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