Bloomberg estimates that Jack Ma’s humbled online financial services platform, Ant Group, which has been forced to restructure after regulators killed its IPO last year, could be worth only $29 billion – far less than the $320 billion it had been estimated to be worth if it had gone public. That estimate is based on Ant Group, the financial affiliate of e-commerce giant Alibaba, being valued...
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The Briefing Facebook Apple
Facebook’s Ad Business Is Getting Squeezed by Apple’s Tracking Changes
A flood of internal Facebook documents showing up in the news media is telling us plenty about angst inside the company caused by toxic content and competitive threats from other services. And judging by this tweet from Facebook PR, more such revelations are on their way, a sign of how well organized these leakers are. But a bigger challenge for Facebook than the one posed by the leak storm may...
SoftBank Leaders Battle Over Future of Latin America Fund
Facebook’s Comms VP Tweets Thread Bemoaning “Gotcha Campaign”
Google CEO Stresses Need for Three Days in the Office
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