A U.S. federal court upheld a ruling last month that allowed Tencent’s social-messaging app, WeChat, to continue operating in the U.S. while a lawsuit over a ban makes its way through the courts, Bloomberg and other media outlets reported. The ruling is the latest saga in the back and forth between the Trump administration and the U.S. WeChat Users Alliance, a nonprofit group that is acting on...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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