Investment firm General Atlantic is selling an equity stake in ByteDance in a deal that values the Chinese social media giant at $550 billion, two people with knowledge of the matter said, marking a dramatic rise in the privately held shares.

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Technology Roundup

Technology Roundup

 

ByteDance valued at $550 billion in proposed share sale by General Atlantic, sources say 

 

US orders diplomats to fight data sovereignty initiatives 

 

Warner Bros reopens door to Paramount, putting Netflix deal in doubt 

 

Woman suing Meta, YouTube over social media addiction takes the stand at trial 

 

OpenAI's ban of Canada school shooter's account raises scrutiny of other online activity 

 

Apple and Amazon took too long to remove anti-competitive clauses, Spanish watchdog says 

 

Options traders price Nvidia's smallest post‑earnings swing in three years 

 

Google disrupts Chinese-linked hackers that attacked 53 groups globally 

 

Circle tops revenue expectations on strong stablecoin circulation, shares surge 

 

Israeli AI-cyber firm Gambit Security raises $61 million 

 

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