Grab, Southeast Asia’s biggest ride hailing company, will debut on Nasdaq Thursday via a merger with Altimeter Capital Growth, a special purpose acquisition company, in a deal that values Grab at $40 billion. Grab also is raising $4.5 billion as part of the deal that was struck in April. The reverse merger marks the biggest U.S. listing of a Southeast Asian company and could set the tone for...
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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...
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