Shares of Dave, the digital banking app, rose 9% on its first day of trading Thursday after going public through a merger with special purpose acquisition company VPC Impact Acquisition Holdings III. The Los Angeles-based company’s stock price was trading around $9 on Thursday afternoon after shares of the SPAC closed at $8.27 Wednesday. The five-year-old startup had raised nearly $300 million...
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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...
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