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Entrepreneur

EXCLUSIVE TikTok owner ByteDance’s revenue growth slowed to 70% in 2021 – sources

Tik Tok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo TikTok owner ByteDance saw its  revenue grow  70% year on year to about $58 billion in 2021,  slower growth than a year earlier as China tightens [CONTINUE READING]

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Entrepreneur

Russian c.bank proposes banning cryptocurrencies, crypto mining

Representations of virtual cryptocurrencies are seen in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty. The move is the latest in a [CONTINUE READING]

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Entrepreneur

Tesla investors urge judge to order Musk repay $13 bln for SolarCity deal

  REUTERS/Mike Blake/File Photo Tesla Inc (TSLA.O) shareholders on Tuesday asked a judge  to find that Elon Musk forced the company’s board of directors into a  deal for SolarCity in 2016 and wanted the CEO convicted, the electric vehicle maker one of the largest judgments in history paid $13 billion. [CONTINUE READING]