1
submitted 2 weeks ago by 0x815@feddit.org to c/europe@feddit.org

TikTok owner ByteDance has added French telecom billionaire Xavier Niel to its board. His addition follows the departure of Coatue Management founder Philippe Laffont from the ByteDance board. Besides newly added director Niel, ByteDance’s board currently consists of Neil Shen of Hongshan Capital, William E. Ford of General Atlantic, Arthur Dantchik from Susquehanna International Group, and ByteDance’s chief executive Liang Rubo, its official website shows.

Unlike other board members who represent major investors in ByteDance, Niel doesn’t own any stakes in the privately held company, according to tech outlet The Information. An earlier report from the outlet mentioned that Coatue is considering selling its stake in ByteDance, worth billions of dollars, due to the stalled IPO

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here
this post was submitted on 03 Sep 2024
1 points (100.0% liked)

Europe

1221 readers
18 users here now

News and information from Europe 🇪🇺

(Current banner: La Mancha, Spain. Feel free to post submissions for banner images.)

Rules (2024-08-30)

  1. This is an English-language community. Comments should be in English. Posts can link to non-English news sources when providing a full-text translation in the post description. Automated translations are fine, as long as they don't overly distort the content.
  2. No links to misinformation or commercial advertising. When you post outdated/historic articles, add the year of publication to the post title. Infographics must include a source and a year of creation; if possible, also provide a link to the source.
  3. Be kind to each other, and argue in good faith. Don't post direct insults nor disrespectful and condescending comments. Don't troll nor incite hatred. Don't look for novel argumentation strategies at Wikipedia's List of fallacies.
  4. No bigotry, sexism, racism, antisemitism, dehumanization of minorities, or glorification of National Socialism.
  5. Be the signal, not the noise: Strive to post insightful comments. Add "/s" when you're being sarcastic (and don't use it to break rule no. 3).
  6. If you link to paywalled information, please provide also a link to a freely available archived version. Alternatively, try to find a different source.
  7. Light-hearted content, memes, and posts about your European everyday belong in !yurop@lemm.ee. (They're cool, you should subscribe there too!)
  8. Don't evade bans. If we notice ban evasion, that will result in a permanent ban for all the accounts we can associate with you.
  9. No posts linking to speculative reporting about ongoing events with unclear backgrounds. Please wait at least 12 hours. (E.g., do not post breathless reporting on an ongoing terror attack.)

(This list may get expanded when necessary.)

We will use some leeway to decide whether to remove a comment.

If need be, there are also bans: 3 days for lighter offenses, 14 days for bigger offenses, and permanent bans for people who don't show any willingness to participate productively. If we think the ban reason is obvious, we may not specifically write to you.

If you want to protest a removal or ban, feel free to write privately to the mods: @federalreverse@feddit.org, @poVoq@slrpnk.net, or @anzo@programming.dev.

founded 2 months ago
MODERATORS