Thursday, August 4, 2022

Elon Musk's Twitter countersuit due by Friday as acrimony grows

Twitter Inc and Elon Musk, who are suing each other over the world's richest person's effort to exit their $44 billion merger, couldn't even agree on how much to tell the public about their dispute. https://ift.tt/djwivKF

Investor letter: Tiger Global's long-only fund ended Q2 down 63.6% and its flagship fund dropped 50% in H1, after it "underestimated the impact" of inflation (Antoine Gara/Financial Times)

Antoine Gara / Financial Times:
Investor letter: Tiger Global's long-only fund ended Q2 down 63.6% and its flagship fund dropped 50% in H1, after it “underestimated the impact” of inflation  —  Chase Coleman's group sustains steep losses and admits it ‘underestimated’ effect of rising prices



Mobile operator Veon Q2 revenue rises on subscriber growth, pricing strategy

Mobile operator Veon reported a 5.6% rise in second-quarter revenue on Thursday, driven by a rising number of subscribers and an inflationary pricing strategy. https://ift.tt/O1SM8NG

TikTok says ad leader Khartoon Weiss is leaving to pursue a new opportunity after nearly six years at the company, the latest high-profile executive to exit (Alexandra S. Levine/Bloomberg)

Alexandra S. Levine / Bloomberg : TikTok says ad leader Khartoon Weiss is leaving to pursue a new opportunity after nearly six years at t...