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A bank for the creator economy, Karat Financial raises $26M in Series A funding – TechCrunch

A bank for the creator economy, Karat Financial raises $26M in Series A funding – TechCrunch
techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.

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Report: TikTok Insiders Say App Is Tightly Controlled by Chinese Parent Company

Report: TikTok Insiders Say App Is Tightly Controlled by Chinese Parent Company
AFP Olivier DOULIERY
28 Jun 2021
Former TikTok employees have recently claimed that there is cause for concern about the megapopular app’s Chinese parent company ByteDance and the tight control it holds over the social media platform.
CNBC reports that a number of former TikTok employees have stated that the tight control held over the video-sharing app by its Chinese parent company could be cause for concern.
CNBC writes:
A former TikTok recruiter remembers that her hours were supposed to be from 10 a.m. to 7 p.m., but more often than not, she found herself working double shifts. That’s because the company’s Beijing-based ByteDance executives were heavily involved in TikTok’s decision-making, she said, and expected the company’s California employees to be available at all hours of the day. TikTok employees, she said, were expected to restart their day and work dur ....

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Report: TikTok Insiders Say App Is Tightly Controlled by Chinese Parent Company

Report: TikTok Insiders Say App Is Tightly Controlled by Chinese Parent Company
breitbart.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from breitbart.com Daily Mail and Mail on Sunday newspapers.

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TikTok Insiders Say Social Media Company Is Tightly Controlled by Chinese Parent ByteDance

TikTok Insiders Say Social Media Company Is Tightly Controlled by Chinese Parent ByteDance
nbcnewyork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcnewyork.com Daily Mail and Mail on Sunday newspapers.

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Fitness firms Beachbody, Myx to go public via $2.9 billion SPAC deal

By Reuters Staff
2 Min Read
(Reuters) - Fitness companies Beachbody LLC and Myx Fitness LLC will go public through a three-way merger with a blank-check firm affiliated with former TikTok chief Kevin Mayer, valuing the combined entity at around $2.9 billion.
Beachbody said on Wednesday that on-demand, interactive cycling provider Myx will become a part of the parent, The Beachbody Company, which will operate three brands: Beachbody On Demand, Openfit and Myx.
The deal will be supported by a private investment of $225 million led by institutional investors such as Fidelity Management & Research Company LLC and Fertitta Capital.
Forest Road Acquisition Corp, a special purpose acquisition company (SPAC), is led by Keith Horn, a former chief operating officer at hedge fund Elliot Management Corp. Former TikTok CEO Kevin Mayer is a strategic adviser to the company. ....

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