One of Britain’s top asset managers Abrdn has announced a deal to buy Interactive Investor for $2 billion as big banks continue seeking out deals that they hope will win them the next generation of investors and retail traders. The company’s all-cash deal for Interactive Investor , sees the asset manager acquire a financial services platform that provides flat-fee retail trading and...
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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...
Cloud Management Firm Nutanix Lays Off 4% of Staff
Activist Investor Builds 7% Stake in New York Times, Urges Subscription Bundle Push
BlackRock Launches Bitcoin Trust for Big Clients
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