First Republic Bank, which recently suffered ratings downgrades and whose stock has been on a rollercoaster since the run on Silicon Valley Bank started, is exploring strategic options including potentially selling itself, Bloomberg reported. The bank is also weighing options for shoring up liquidity, according to the report, and is expected to draw interest from bigger rivals. First Republic...
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Revenue at TikTok Owner ByteDance Rose More Than 30% in 2022, Topped $80 Billion
ByteDance, the Chinese owner of TikTok, generated more than $80 billion in annual revenue last year, up more than 30% from roughly $60 billion in 2021, according to two people with knowledge of the figure. The 2022 result, which hasn’t previously been reported, is significant because most technology companies with that kind of revenue experienced a marked slowdown in growth last year. It...
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