Chinese fast-fashion retailer Shein is in talks to raise between $1.5 billion and $3 billion from its existing investors, the Financial Times reported Wednesday. The new round would value the company at $64 billion, the report said, which would slash the company’s valuation by almost a third. The e-commerce giant’s last fundraising round closed in April, valuing the company at just under...
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LinkedIn’s Newsletter Subscribers Quadrupled as Meta, Twitter Axed Products
LinkedIn is the only big social media company that’s sticking with newsletters. This month, Facebook parent Meta Platforms and Twitter both shuttered their respective newsletter products as these tech companies cut costs, including shutting down products for creators, after overspending during the tech boom. But for LinkedIn, newsletters are seeing substantial growth. The Microsoft-owned...
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
Venture Firm NEA Raises $6.2 Billion
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