Shares in privately held ByteDance traded at a valuation of $275 billion in the secondary market, well below previous levels for the owner of TikTok even as some investors are optimistic about the prospects of an IPO. That figure was far lower than the $460 billion blended valuation that Tiger Global offered when it acquired additional shares, Bloomberg said. The drop in value comes as...
ByteDance Secondary Shares Trade Below $300 Billion in Private Deals
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Sequoia, Andreessen and Bessemer’s Beating and Snap’s Selfie Drone
Is anybody else pumped for some appointment streaming this weekend? The first episode of HBO’s “House of Dragon,” the hotly anticipated prequel series to “Game of Thrones,” premieres Sunday night. Then, 12 days later, Amazon will debut its own fantasy series, “The Lord of the Rings: The Rings of Power,” on Sept. 2. It’s fair to say HBO and its debt-laden parent company, Warner Bros....
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