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Layoffs Hit Minted, a Benchmark-Backed Online Stationery Marketplace

By Kate Clark
· · Source: The Information

Minted, a venture-backed startup that sells stationery, art and other goods through an online marketplace, has laid off 147 employees, following a collapse in sales due to the coronavirus, founder and CEO Mariam Naficy told The Information.  The outbreak has had a devastating impact on sales of print invitations, which represent about half of Minted’s revenues. The layoffs include 76 corporate...

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By Kate Clark, Kevin McLaughlin and Jessica E. Lessin · Sept. 20, 2020 2:39 PM PDT

Walmart and Oracle are valuing the soon-to-be formed TikTok Global at between $50 billion and $60 billion, according to two people familiar with the deal, as key aspects of one of the most convoluted global tech deals in history take shape. 

Another key point: Zhang Yiming, the CEO of ByteDance, parent company of the China-based viral video app TikTok, could become the new entity's ...

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