Categories Technology

The TikTok deal is done, finally

Just over a year after it briefly disappeared from app stores, TikTok in the US is now part of a new entity, TikTok USDS Joint Venture LLC. With approval from both the US and China closing on the schedule laid out in December, ByteDance’s ownership of the new…

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Categories Technology

Vimeo starts layoffs after acquisition by Bending Spoons

Vimeo, the video-hosting platform, is laying off some of its global staff, according to a report from Business Insider. The move comes shortly after the company’s acquisition by the Italian tech conglomerate Bending Spoons, which purchased it in an all-cash deal last year for $1.38 billion. Bending Spoons…

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