Alibaba said it would increase the size of its previously announced share buyback program to $15 billion from $10 billion, as the Chinese e-commerce giant reported quarterly revenue slightly below analysts’ consensus. Alibaba’s upsized buyback program—the largest ever in its history—comes as the company, like its Chinese peers, grapples with the recent global selloff of China tech stocks...
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Creator Economy startups
The Lessons From MasterClass
Paris here. Yesterday, we published a story about MasterClass’ post-pandemic woes. MasterClass, like many startups, spent wildly when times were good, then got caught flatfooted when its pandemic-era gains didn’t continue. Its evolution says something about the position many creator economy darlings now find themselves in. For a while, it had seemed like MasterClass could be the poster...
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