SoftBank has poured more than $500 million into a Credit Suisse fund that has invested in debt of startups backed by SoftBank’s Vision Fund such as Indian hotel chain Oyo and U.S. car financing firm Fair, the Financial Times reported. The report on the investment comes at a time when some of the Vision Fund’s biggest portfolio companies are struggling to shore up their finances and turn around...
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The Weekend culture policy
Ban It, Divest It or Regulate It? Washington Looks for an Answer to TikTok
Hi, welcome to your Weekend!Interesting dinner table discussion this week: My 13-year-old daughter, hearing about Nancy Scola’s cover story on TikTok’s war in Washington, offered her prediction for what would happen if the U.S. took the drastic step of banning the app.“Every teenager in America would refuse to come out of their rooms,” she said. “They’d be so mad. They just wouldn’t go out...
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