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Moneycontrol: Filings: ByteDance, which is reportedly planning to re-enter India, has fully exited its investment in VerSe, parent of Josh and DailyHunt, at a 56% discount — ByteDance received $102.67 million for its entire investment. Considering VerSe Innovation's $805-million primary fundraise in April … Moneycontrol: Filings: ByteDance, which is reportedly planning to re-enter India, has fully exited its investment in VerSe, parent of Josh and DailyHunt, at a 56% discount …

Bloomberg: Filings and holdings data at the end of April show Fidelity Investments cut the valuation of Instacart by 50%, Reddit by 33%, ByteDance by 13% and Stripe by 13% — Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe. Bloomberg: Filings and holdings data at the end of April show Fidelity Investments cut the valuation of Instacart by 50%, Reddit by 33%, ByteDance by 13% and Stripe by…

Elon Musk's decision to accept some foreign investors as part of his $44 billion (roughly Rs. 3,37,000 crore) buyout of Twitter runs the risk of inviting the kind of regulatory scrutiny over US national security that social media peer TikTok faced, legal experts say.Musk disclosed on Thursday that Saudi Arabia's Prince Alwaleed bin Talal, Qatar's sovereign wealth fund and Binance, the world's biggest cryptocurrency exchange founded by Chinese native Changpeng Zhao, were part of a group of investors that will help him fund…

With a seemingly bottomless feed of goof-offs, dance-offs and good-natured pranks, TikTok bills itself as the happiest place on the internet.Fueling its success: an exacting management style and demanding internal culture that belie its buoyant public image, say employees at its U.S. offices. The employees, many of them veterans of other major tech companies, say TikTok emphasizes relentless productivity and secrecy to a degree uncommon in the industry. As TikTok continues its torrid growth, those conditions…

SINGAPORE—China is preparing to hit pause on its monthslong campaign against technology companies, according to people familiar with the matter, as officials seek to arrest a rapid deterioration in the country’s economic outlook.China’s top internet regulator is set to meet next week with the country’s embattled tech giants to discuss the regulatory campaign, according to the people, who described the meeting as a sign that officials acknowledge the toll the regulations have had on the private sector at a time when…

Google parent Alphabet on Tuesday reported its first quarterly revenue miss of the pandemic after the war in Ukraine hurt YouTube ad sales, leaving investors rattled as the global economy sputters.The world's largest provider of search and video made a fortune over the last two years as the pandemic forced more shops and people online. But outdoing those sales is proving difficult so far this year with the war, rising inflation and product shortages causing advertisers to dump marketing campaigns, according to…

Video-sharing app TikTok's advertisement revenue is likely to triple in 2022 to more than $11 billion (roughly Rs. 83,620 crore), exceeding the combined sales of its rivals Twitter Inc and Snap Inc, according to research firm Insider Intelligence.TikTok, which is owned by Chinese company ByteDance, is one of the world's most popular social media apps, with more than 1 billion active users."TikTok's user base has exploded in the past couple of years, and the amount of time users spend on the app is extraordinary," said…