HR startup Deel expanded its terms of service to ban several additional transactions, effectively curtailing support to the retail trading websites whose practices have recently come into regulatory crosshairs. The new terms of service specify that Deel won’t do business with firms that engage in activities that “support pyramid or Ponzi schemes, matrix programs, other ‘get rich quick’...
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ByteDance Valuation Falls 26% to $223.5 Billion in New Employee Share Buyback
TikTok parent company ByteDance is planning to buy at least $300 million worth of stock from current and former U.S. employees in a deal that values the privately-held company at $223.5 billion, down 26% from a similar buyback offer a year ago, according to two people with direct knowledge of the situation. Current and former employees must notify the company of their desire to sell shares by...
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