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TIKTOK STOCK BUYBACK
US tax threat to Indian IT; Infy weighs buybackA US proposal to tax offshoring has sent jitters through already troubled Indian IT. This and more in today’s ETtech Top 5.- TikTok may get $330-billion valuation in new share buybackByteDance, the parent company of TikTok, is planning a new employee share buyback, valuing the company at over $330 billion. This decision ...
- Google parent announces first-ever dividend; beats on sales, profit; shares soarALPHABET-Google parent announces first-ever dividend; beats on sales, profit; shares soar
- Google parent announces first-ever dividend; beats on sales, profit; shares soarAlphabet announced its first dividend and a $70 billion stock buyback, leading to a 16% stock surge. The company invests in data centers fo...
- Alibaba approves an additional $25 billion share buyback as its revenue disappointsAlibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analys...
- TikTok owner ByteDance offers to buy back shares from staff at $160 apieceThe price per restricted stock unit is in line with an offer it made to current and former US employees in October, according to a report w...
- TikTok parent ByteDance's valuation slumps to $223.5 billion in stock buyback: reportChinese company ByteDance is reportedly buying back shares from its U.S. employees at a valuation of $223.5 billion, down 26% from the prev...
- TikTok parent ByteDance to allow US staff to cash out on shares: reportThe move is aimed at appeasing restless employees who have been waiting for an initial public offering to profit from the shares they have ...
- SoftBank posts $7.18 billion annual loss as Vision Fund slides furtherJapan's SoftBank Group Corp reported an annual net loss of 970 billion yen ($7.18 billion) for the year ended March 31, with the Vision Fun...
- Alphabet’s Q1 topline, bottomline beat Street; $70 billion share buyback announcedThe tech giant’s net income dropped 9% to $15.05 billion in the quarter under review from $16.44 billion in the year-ago period. Operating ...
- Meta stuns Street with lower costs, big buyback, upbeat salesMeta stock surged nearly 19% in after-hours trade. If gains hold on Thursday, it would set up the shares for their biggest intraday surge i...
- Exclusive: Big payday for PhonePe founders; key takeaways for tech, startups from Eco Survey 2023To kick start the day, we have a packed edition of the ETtech Morning Dispatch. Bunch of stories on what the Economic Survey 2023 recommend...
- Cred continues fintech consolidation; Dailyhunt parent sacks 150 employeesDays after we reported that digital payments major PhonePe was set to acquire buy-now-pay-later platform ZestMoney, India’s fintech sector ...
- TikTok owner ByteDance increases price of share buyback for staff -sourcesThe higher price is aimed at motivating employees by helping them monetise their holdings, the sources said
- ByteDance to spend up to $3 bln to repurchase shares from investorsThe company's board will put the proposal, which values its shares at up to $176.9 apiece, to its shareholders at the end of this month and...
- ByteDance to spend up to $3 billion to repurchase shares from investorsThe exercise is mainly aimed at helping some of its shareholders improve their liquidity positions, a person with direct knowledge of the p...
- SoftBank breaks profit recordsIn today's ETtech Top 5 newsletter: SoftBank has clocked the highest ever profits for a Japanese firm, eBay taps into the phenomenon that i...
- Raining unicornsIn today's ETtech Morning Dispatch newsletter: Pharmeasy and Cred are the newest entrants of India's startup unicorn club, BPM firms see hi...
- Cred ArmyFrom Cred becoming India's latest startup unicorn, Clubhouse rolling out monetisation for creators and Bytedance receiving a temporary reli...
- Facebook investors don't need to fear a breakupDespite its enviable growth rate and online advertising duopoly with Alphabet Inc.'s Google, Facebook's stock has a relatively pedestrian v...
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