Hedge fund Tiger Global marked down the value of its venture capital funds in 2022 by 33%, or $23 billion, The Wall Street Journal reported. Tiger’s holdings in private companies include ByteDance, Stripe and Shein. The report noted that valuations in closely held private companies fell relatively less than those of publicly listed equities which are more liquid and transparent and were...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
Baidu Cancels Public Launch of ChatGPT-Like Product
Jack Ma Returns To China
First Citizens to Buy SVB’s Deposits, Loans From Government
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors