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asia

China Considers Opening Tencent and ByteDance to Third-Party Search

By
Shai Oster
· · Source: Bloomberg

As it continues to tighten antitrust regulations, China is considering opening up Tencent and ByteDance to outside search by third-party companies, Bloomberg reported. No decision has been made on a move to further weaken the walls that have kept the content on the hugely popular platforms sealed off. If enacted, this would have profound implications for the internet companies’ business...

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Musk Puts $20 Billion Value on Twitter
By Erin Woo and Martin Peers · March 25, 2023 4:45 PM PDT
Elon Musk. Photo by Bloomberg.
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
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