DoorDash said its revenue jumped 33% to $2.13 billion in the second quarter ended June 30 and the food delivery company raised its revenue forecasts for the year, sending its shares up 3% in after-hours trading. The results and more bullish outlook were signs that DoorDash’s business is continuing to grow at a strong clip even as consumers have returned to dining in restaurants as the pandemic...
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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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