Friday, September 2, 2022

Sources: ByteDance CFO told staff that it has no plans to go public; report: CEO Liang said the company plans to reduce input into noncore businesses (Coco Feng/South China Morning Post)

Coco Feng / South China Morning Post:
Sources: ByteDance CFO told staff that it has no plans to go public; report: CEO Liang said the company plans to reduce input into noncore businesses  —  TikTok 's parent company ByteDance , the world's most valuable unicorn, has no plans to go public, its chief financial officer told employees …



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Sources detail how Meta's $17.1B settlement with state AGs came together as Meta wanted to avoid going to trial following losses in cases in LA and New Mexico (New York Times)

New York Times : Sources detail how Meta's $17.1B settlement with state AGs came together as Meta wanted to avoid going to trial foll...