Project management software company Asana is expected to go public via a direct listing next year, the Financial Times reports. The company, led by Facebook co-founder Dustin Moskovitz, may also raise money with a private share sale ahead of the listing, according to the report. Asana has hired JPMorganChase and Morgan Stanley to help steer its listing, the article says. Direct listings have...
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The Questions Around Snap’s TikTok Clone After Top Exec Resigns
After eight years at the company, Snap’s senior vice president of content and partnerships, Ben Schwerin, is departing to join Coatue Management as a general partner, my colleague Kate reported. Schwerin helped lead Snap’s Spotlight, the app’s TikTok clone launched at the end of 2020. His replacement will face the task of maintaining Spotlight’s growth as other rivals, such as Instagram’s...
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