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...The Chinese group has about 7,000 workers in the US, plus thousands of former employees. Globally, ByteDance employees own 20 per cent of its shares, according to a company statement last year....
...UBS has hired Sean Lynch as a managing director for technology investment banking in California. He previously worked for Barclays....
Plus money velocity
...To less fanfare last month it embarked on another, far more ambitious project: to bring crypto’s underlying technology into financial markets by tokenising assets....
...Need to know: UK and Europe economy The House of Commons was told that China-linked hackers were responsible for a raft of cyber attacks against British MPs and peers, plus a big attack on the Electoral...
...Uber’s return on capital last year was 3.1 per cent, according to S&P Capital IQ (ROC is basically after-tax profit divided by shareholders’ equity plus debt)....
...This, plus the use of an average share price over the period, explains why Khosrowshahi’s options were granted almost a month before Uber’s market cap exceeded $120bn for the period in question....
...Plus, TikTok’s global content is an important part of its appeal. Separation, and the complexity of a split, would reduce the app’s value even further. elaine.moore@ft.com...
...HBO Max and Discovery Plus are currently available in some of those countries but not always the same ones, and not at all in some cases such as France and Belgium....
...The Financial Times previously reported that TikTok’s roughly 7,000 US staff, plus thousands of former employees, owed millions of dollars in taxes on shares in the company that they were unable to sell....
...Kahoot, the educational technology company, has appointed former BT Group chief executive Gavin Patterson to chair its board as it prepares for an expansion under new owners including Goldman Sachs....
...You would expect Reddit’s upcoming $500mn-plus IPO to have a touch of populist flair....
...In AI hardware, old technology adaptation will trump early-mover hype....
...On the plus side, regulator meddling can sometimes save companies from unpopular deals. Adobe’s share price rose 2.5 per cent after the Figma deal was called off....
...The NCSC said high-risk individuals included elected representatives, candidates, activists and staffers within the political realm, plus figures in academia, journalism and the legal sector....
...Job moves Moelis has hired Stephen Trauber as chair and global head of energy and clean technology. He was previously at Citigroup....
...Meanwhile, the company was “pivoting” to an “AI-first” workforce rather than hiring large numbers of people to focus on the technology, she added....
...The dealmaking partnership got their hands on VMware in multiple steps that began with the $24.9bn leveraged buyout of Dell Technologies in 2013....
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...GitLab joined markets in 2021, part of the rush of technology companies that listed as stock prices peaked. It raised just over $800mn at an $11bn valuation....
...landscape, most notably tighter regulation and intensifying competition from a new generation of digital platforms — among them the likes of Robinhood, eToro and Trading 212 — which aim to make better use of technology...
...On the plus side, Apple’s net income margin has remained high thanks to growth in services such as streaming and payments....
...Hinge, which says it was the fastest-growing dating app in the US, UK and Canada in 2022, introduced subscription tiers Hinge Plus and Hinge X in February....
...Flutter’s US growth prospects, plus its secondary listing in New York in January, have allowed it to far outpace challenged London-listed rivals....
...“They have a growth problem, and when you are $400bn plus in revenue and you are a tech company, it’s part of your DNA to grow,” said Gene Munster at Deepwater Asset Management....
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