Weibo, the Chinese Twitter-like microblogging platform, plans to go private and delist itself from the Nasdaq stock exchange, Reuters reported. The news comes as Chinese government pressure builds for its homegrown tech firms to list in China as opposed to the U.S. for geopolitical or disclosure reasons. The take-private deal, which could value Weibo at more than $20 billion, would...
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The Weekend startups culture
Knocked Down, Dragged Out, and Laid Off
Hi, welcome to your Weekend! It was a tough week (and month and quarter) for people in tech. And that goes double for folks who work in crypto, which has seen a calamitous drop from its pandemic-era heights.Many might feel a hint of schadenfreude about the humbling of crypto. Certainly, its leaders seem worthy of comeuppance, after pumping the space with enough hot air and hype to power a...
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