Wednesday, August 26, 2020

Leaked memo: TikTok CEO Kevin Mayer resigns after Trump threatened to ban app; Vanessa Pappas, currently general manager of TikTok, will become interim head (Financial Times)

Financial Times:
Leaked memo: TikTok CEO Kevin Mayer resigns after Trump threatened to ban app; Vanessa Pappas, currently general manager of TikTok, will become interim head  —  Former Disney executive resigns just months after appointment by Chinese video platform  —  Kevin Mayer has quit TikTok just months …



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...