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Browsing Tag
Sequoia Capital
Airmeet: IT company Airmeet lays off 30% of workforce; reasons that CEO’s email to employees…
Homegrown virtual events platform Airmeethas reportedly laid off nearly about 30 per cent of its workforce. The job cuts are across various departments. According to the Inc42 website, the…
Silicon Valley Poured Money Into FTX, With Few Strings Attached
A marquee roster of investors from Silicon Valley and Wall Street swarmed FTX. They invested nearly $2 billion with few strings attached and no oversight on the cryptocurrency exchange’s…
SoftBank Emerges as a Big Loser of the Tech Downturn. Again.
Early last year,
Masayoshi Son
addressed his staff on a video call. At the time, startup companies were surging in value, but
SoftBank…
Elon Musk Gets $7 Billion in Fresh Financing for Twitter Deal
Elon Musk said he is in talks to bring more current Twitter…
Startup Investors Cut Valuations Amid Tech Stock Rout, Dismal IPOs
The recent stock rout is rattling the multitrillion-dollar market for startups after a long run of record investments, nosebleed valuations and rapid-fire deal-making.Venture capitalists say…
TikTok Owner ByteDance’s Revenue Growth Slowed Last Year Amid China Clampdowns
Revenue at Chinese social-media giant ByteDance Ltd. rose by about 70% last year to roughly $58 billion, slowing from a year earlier, people familiar with the matter said, as Beijing…
India’s Year of the Unicorn: Startups in Spotlight of 2021 Tech Boom
Sumit Gupta has had a big year — turning 30, getting married and seeing his startup become one of India's newest tech unicorns.Hampered by the coronavirus pandemic and too busy expanding and…
Crypto Exchange FTX Valued at $18 Billion in Funding Round
FTX raised $900 million in a new funding round that closed Tuesday. Participants in the round included Japanese technology investor
SoftBank Group Corp.
,…
WSJ News Exclusive | ByteDance Shelved IPO Intentions After Chinese Regulators Warned About Data…
ByteDance Ltd., the Chinese owner of popular short-video app TikTok, put on hold indefinitely its intentions to list offshore earlier this year after government officials told the company to…