Consumer lending startup Affirm is said to have priced its initial public offering at $49 per share, Bloomberg reported Tuesday . That means the company raised over $1.2 billion and could be valued at $11.9 billion in the public markets. Affirm had already raised its price range in a securities filing Monday from between $33 and $38 to between $41 and $44. The company had initially planned to...
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TikTok’s Ad Stumbles; an NFT Artist on Crypto Twitter, Philanthropy and Diversity
TikTok aims to rival the ad revenue of digital titans such as Meta Platforms, but a new report from my colleague Sylvia shows that turbulence within the short-form video app’s ad sales department threatens to throw it off course.That turbulence includes a high-pressure culture that has resulted in heavy turnover. Since top-down instruction still comes from Beijing, employees are confused about...
Cloud Management Firm Nutanix Lays Off 4% of Staff
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