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News in-depthTikTok Inc
How TikTok’s Chinese owner tightened its grip on the app
...TikTok’s Beijing-based owner ByteDance tightened its grip over its US operations over the past two years, according to company insiders, even as momentum to ban the short-video app grew in Washington....
April 25, 2024
Media
RedBird IMI closes in on £1bn deal for UK studio All3Media
...All3Media is unlikely to draw the same scrutiny, however, with the Telegraph and Spectator attracting particular attention given the number of rival newspaper owners vying to buy the titles and their importance...
December 12, 2023
FT Live
US Pharma and Biotech Summit
Strategies for innovation, pricing and access
Thursday, 16 MayNew York, NY, USA
ByteDance
TikTok owner ByteDance to buy back shares after amassing $50bn cash pile
...Last summer, it was valued at about $300bn when it conducted a share buyback from its employees....
December 6, 2023
ByteDance
ByteDance extends employee share buyback programme to non-US workers
...In a global bulletin to staff on Wednesday, ByteDance, the Chinese company that owns TikTok, said it had “received feedback that some employees would like this opportunity to meet their cash and liquidity...
April 11, 2024
TikTok Inc
TikTok gears up for legal fight in US to prevent ban
...TikTok is gearing up for a long legal battle against legislation in the US that threatens to ban the app in its largest market if its Chinese owner ByteDance refuses to sell the viral video platform....
April 22, 2024
Apple Inc
Apple removes WhatsApp and Threads from China store under pressure from Beijing
...Apple has suffered falling smartphone sales in China, where it faces increased competition from Huawei in the premium segment of the market and a crackdown on the use of its devices by government employees...
April 19, 2024
FT Live
Global Pharma and Biotech Summit
Driving life sciences innovation in a disrupted world
Tuesday, 5 NovemberIn-Person & Online Conference
The Big Read
The battle over TikTok
...The day after American lawmakers voted overwhelmingly to force the Chinese owner of TikTok to sell the video-sharing app, its chief executive Shou Zi Chew expressed confusion....
March 15, 2024
ObituaryGerald Levin
Gerald Levin, AOL-Time Warner executive, 1939-2024
...Then, at the dawn of the 21st Century and the height of the dotcom boom, he made a deal that would prove disastrous to the company he had helped build, its employees and its shareholders — not to mention...
March 15, 2024
Due Diligence
Is Wall Street’s wealth boom ending? Premium content
...A spat also broke out with former Body Shop employees over money they allege they are owed by its new owner. Earlier this week, administrators were called in for the group’s UK arm....
February 16, 2024
Disrupted Times
Brussels blasts Big Tech
...Apple and Google-owner Alphabet were accused of favouring their own app stores while Facebook-owner Meta is being probed over its use of personal data for advertising....
March 25, 2024
Inside BusinessAnna Nicolaou
A Fox test case looms for US media regulators
...What remains of the FCC’s requirements for broadcasters is vague language around “character” of the company and its owners, which includes convictions of crime....
November 16, 2023
Property sector
Selling Mayfair: the elite agents bringing Dubai hustle to London’s prime properties
...Some are fully employed and others are self-employed consultants. Employees keep 20-40 per cent of the fees they earn, while consultants’ percentage starts at 50 per cent....
March 21, 2024
ExplainerTikTok Inc
What’s next for TikTok after Biden approves ban
...It is also set to ban TikTok from app stores unless the platform is sold by its Beijing-based owner ByteDance, igniting a debate about free speech and data security....
April 24, 2024
Denmark
Denmark’s historic stock exchange goes up in flames
...Jakob Engel-Schmidt, Denmark’s culture minister, praised Børsen employees for helping to save large paintings and other treasures from the building....
April 16, 2024
Mergers & Acquisitions
Yodel to be sold off in latest unwinding of Barclay family interests
...A person familiar with the transaction said that Yodel was transferring to the new owner free of its debt, which would remain with the previous owner....
February 13, 2024
FT Live
Crypto and Digital Assets Summit
Connecting leaders in crypto with mainstream finance
Wednesday, 8 MayLondon
LexTikTok Inc
TikTok’s value would be cut in a forced sale Premium content
...It launched an in-app US shop before Elon Musk’s X, and its popularity has forced YouTube and Instagram to create rival short-video formats. These qualities make it an attractive acquisition target....
March 14, 2024
TikTok Inc
Biden says he supports bill to ban TikTok from US app stores
...But US security officials and lawmakers have dismissed that argument and pointed out ByteDance has conceded that employees in China have on occasions in the past been able to access the data of certain Americans...
March 8, 2024
UK politics
Senior UK MPs raise concerns over TikTok’s ownership
...ByteDance has previously admitted that employees at the company based in China inappropriately accessed data from UK and US users through their TikTok accounts, including location data, to track them....
March 21, 2024
News in-depthWeight Watchers International Inc
WeightWatchers faces an era when weight loss comes in a syringe
...It’s not a miracle drug,” the 38-year-old small-business owner from Georgia said, pointing to lifestyle changes she has made alongside the injections....
April 9, 2024
News in-depthArgentina
Argentine households face financial crunch as markets cheer Javier Milei
...Factories have suspended employees and slashed output in the face of falling demand; Milei’s suspension of 88 per cent of Argentina’s public works projects, a major source both of employment and corruption...
April 26, 2024
Media
Business Insider cuts add to new round of news industry lay-offs
...The Washington Post, owned since 2013 by Amazon founder Jeff Bezos, late last year cut about 10 per cent of its staff through voluntary buyouts, telling employees that its subscription and advertising projections...
January 25, 2024
News in-depthIran
Thousands of Iranians fall victim to cut-price Apple iPhone scam
...As the scale of the phone con became clearer and angry customers began to picket Tehran police headquarters demanding action against Kourosh, it emerged that the owner Sharifian had left Iran several months...
February 23, 2024
Citigroup Inc
Citigroup plans launch of China-based investment bank
...Chinese regulations also require foreign owners to hire at least 30 employees....
January 4, 2024
John Gapper
Convenience stores should make more of themselves
...As the cheap capital that once subsidised delivery services disappears, something has to give, and the pressure is falling on employees....
February 16, 2024
Reddit Inc
Reddit is casting aside community spirit in search of financial maturity
...board of directors; and • friends and family members of certain of our employees and directors While Reddit’s prospectus emphasises the desire to reserve a significant share for users and moderators, the...
March 12, 2024

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