Dropbox is discontinuing unlimited storage for one of its business-focused plans, explaining that it discovered some customers were reselling the service while others were using it for cryptocurrency mining. Dropbox’s decision may stem in part from an influx of former Google cloud storage customers after that company capped an unlimited plan three months ago. Dropbox was one of the last...
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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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