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...ByteDance, the app’s Beijing-based parent, is facing a backlash from US employees over a stock awards programme that blocks them from cashing in their shares while leaving them exposed to a large potential...
...Peter Thiel, Jeff Bezos and Mark Zuckerberg are leading a parade of corporate insiders who have sold hundreds of millions of dollars of their companies’ shares this quarter, in a signal that recent stock...
...Maduro responded to the olive branch with a fresh crackdown on the opposition and a threat to annex most of Guyana....
...How would a ban work? A ban takes effect in 270 days, unless ByteDance sells TikTok to a non-Chinese company. Web access would be blocked in the US....
...Jeff Yass’s Susquehanna International Group first invested $80,000 in ByteDance, the Chinese owner of TikTok, on the back of an idea sketched on a napkin in a Beijing coffee shop more than a decade ago....
...and which represents a significant chunk of Yass’s net worth, write the Financial Times’ Ryan McMorrow, Tabby Kinder, Demetri Sevastopulo and Alex Rogers....
...Tabby Kinder is the FT’s West Coast financial editor Follow @FTMag to find out about our latest stories first and subscribe to our podcast Life and Art wherever you listen...
...public markets and M&A since 2020....
...partner meeting the prior week that they had set up a special purpose vehicle to sell a roughly $1mn allocation in a convertible note issued by Groq, a fast-growing artificial intelligence chips start-up...
...ByteDance is also unlikely to list on public markets in the US or arrange for external investors to buy a large chunk of employee shares while the US Senate weighs a bill that could lead to a national ban...
...Salesforce shares fell in late trading on Wednesday after the workplace software group forecast revenue for 2025 below Wall Street expectations, disappointing investors even as it announced it would pay a...
...tabby.kinder@ft.com This article was amended to correct the spelling of John Collison...
...“There’s a lot of noise,” Chew exclaimed on Thursday during a visit to Capitol Hill. “But I haven’t heard exactly what we’ve done that is wrong.”...
...liabilities — totalling more than $100,000 in some individual cases — on shares in the company that they were awarded as part of their pay packages but have been unable to sell, write the Financial Times’ Tabby Kinder...
...The sale is also being supported by a small amount of capital from Stripe’s own balance sheet....
...M&A since 2020....
...DeepMind was acquired by Google in 2014 for $500mn, one of the first large bets by a big tech company on a start-up AI lab....
...Nadella said in a statement on Tuesday: “I’ve known Mustafa for several years and have greatly admired him as a founder of both DeepMind and Inflection, and as a visionary, product maker and builder of pioneering...
...In a string of recent deals, however, workers have sold stock at a much lower valuation than previously hoped....
...“Nvidia has enabled a whole new computing paradigm called generative AI,” Huang said on a call with investors on Wednesday....
...“A lot of people have raised their hands and said we’d like a part of this business, but nobody has put a flag in the ground and said we’re going to become the next SVB,” Spreng said....
...“We don’t have a crystal ball so it’s difficult to predict with precision,” Musk said on a call with investors and analysts....
...In other divisions, Alphabet reported a strong final quarter of 2023. Overall revenue rose to $86.3bn, a 13.5 per cent increase, and ahead of analyst expectations for $85.3bn....
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