The U.S. Department of Justice and the Securities and Exchange Commission are investigating Tesla’s alleged use of corporate funds for a secret project to build what it has described internally as a house for CEO Elon Musk, The Wall Street Journal reported. The U.S. Attorney’s Office for the Southern District of New York has sought information on the project, which was described as a plan to...
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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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