Elon Musk has secured more than $7 billion in equity investment from the likes of Sequoia, Andreessen Horowitz, Fidelity and crypto company Binance to finance his acquisition of Twitter, according to a regulatory disclosure on Thursday morning. The filing shows 18 investors have agreed to pledge money to help fund Musk’s $44 billion effort to take Twitter private. Among the large investors is...
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How Instagram’s TikTok Envy Finally Backfired
Last month, Kim Kardashian, Kylie Jenner and other influencers stirred up a public relations firestorm for Instagram, complaining to their hundreds of millions of followers about the app's recent attempts to mimic TikTok. Those efforts were just part of a broader internal effort to take on the Chinese short-form video app, though. The Information has learned that recent tests of changes to...
China’s Economy Slows Amid Soaring Youth Unemployment
China’s Tech Giants Alibaba and ByteDance Share Algorithms With Government
Peloton Announces Job Cuts, Store Closures and Price Hikes
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