U.S. authorities have extended the deadline on their national-security review of TikTok, giving the video app’s Chinese-owned parent company ByteDance more time to strike a deal to sell the business. The review, which had been slated to wrap up this Friday, is now set to conclude on Dec. 4. It’s the second extension that the company has received since the Trump administration announced that it...
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What Poshmark’s Discounted Sale to South Korea’s Naver Tells Us
News tonight that Poshmark is selling itself to South Korea’s Naver, for just $1.2 billion—less than half Poshmark’s value when it went public early last year—signals that it’s not just private equity folks taking advantage of the stock market slump to shop for more reasonably-priced companies. Naver proclaims itself as South Korea’s biggest internet firm and promises that its search and AI...
U.S. Could Announce New Curbs on AI Exports to China This Week
South Korea’s Naver to Buy Poshmark for $1.2 Billion
Kim Kardashian Pays $1.26 Million to Settle SEC Cryptocurrency Charges
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