Chinese internet giant ByteDance, which owns the TikTok video app, has agreed to buy Chinese videogame developer Moonton Technology in a deal that values the company at $4 billion, Reuters reported. While Moonton, founded by a former Tencent employee, is based in Shanghai, its most successful game, “Mobile Legends: Bang Bang,” has become a hit in Southeast Asia. The deal comes as ByteDance,...
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The Shaky Mental State of Silicon Valley
Hi, welcome to your Weekend! Next month, when the San Francisco Board of Supervisors reconvenes after its summer recess, one of the matters up for discussion will be a resolution to decriminalize the use of psychedelics. While San Franciscans have never needed Board approval to partake in the wonders of nature, you can bet plenty of tech workers around town will be rooting for a yay...
Peloton Announces Job Cuts, Store Closures and Price Hikes
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Founder of Crypto Exchange Houbi in Talks to Sell Stake for $1 Billion
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