The mobile games maker Jam City will go public through a merger with DPCM Capital, a special purpose acquisition company led by former Uber executive Emil Michael. The resulting publicly-traded company, to be called Jam City Holdings, will have an enterprise value of $1.2 billion. The deal will add $115 million in cash to the combined company’s balance sheet, including $100 million from a form...
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TikTok’s Ad Stumbles; an NFT Artist on Crypto Twitter, Philanthropy and Diversity
TikTok aims to rival the ad revenue of digital titans such as Meta Platforms, but a new report from my colleague Sylvia shows that turbulence within the short-form video app’s ad sales department threatens to throw it off course.That turbulence includes a high-pressure culture that has resulted in heavy turnover. Since top-down instruction still comes from Beijing, employees are confused about...
Cloud Management Firm Nutanix Lays Off 4% of Staff
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