Term Sheet — Friday, December 7 [Fortune]
Meta Platforms, Inc. - Class A (FB)
Last meta platforms, inc. - class a earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
investor.fb.com/home/default.aspx
Company Research
Source: Fortune
By Polina Marinova 9:36 AM EST TIK-TOK Good morning, Term Sheet readers. ByteDance, a China-based media and content giant that operates an ecosystem of apps, is in talks to raise more than $1 billion for its first venture fund to invest in artificial intelligence and media content, according to The Information. Never heard of ByteDance? With a valuation of $75 billion (!), it’s the world’s most valuable startup. (I know, hard to believe the world’s most valuable tech startup is a media company ??) It largely owes its success to Toutiao, a wildly popular news aggregation app in China. In a time when U.S.-based media companies are imploding , ByteDance is strategically expanding to include mobile video and other apps and extend its infl
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