Twitter reported a stunning 79% increase in revenue in the second quarter, its faster rate of topline growth since 2014 and a sign of how the digital ad market is lifting all boats. Twitter had been expected to deliver 55% growth over the year-earlier period, when its revenue fell 19% thanks to the impact of the pandemic on its ad business. But the actual result was meaningfully better:...
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Sequoia Capital China Buys Discounted Stake in Prominent E-Commerce App
Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu from existing investors at a discount to the company’s most recent equity financing valuation, according to three people with knowledge of the matter. Sequoia China, which is preparing to separate from Silicon Valley’s Sequoia Capital next year, bought the Xiaohongshu shares earlier this...
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