Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20%
TikTok has signed a deal to divest its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios.
Memo: TikTok CEO Shou Zi Chew says ByteDance's US entities will retain direct control over core US revenue drivers, including ecommerce, ads, and marketing
www.ft.com/content/7a77... Justin Hendrix / @justinhendrix : “TikTok has signed an agreement to create a US joint venture under a deal brokered by President Donald Trump that leave...
Chainalysis: ~2M wallets have bought President Trump's $TRUMP memecoin, of which ~764K have lost money and 58 have made $10M+ each, totaling ~$1.1B in gains
While 764,000 Lost Money: Report Nidhi Kolhapur / Coinpedia Fintech News : Only 58 Wallets Profit From $TRUMP, 762K Others Record Losses Richard Blumenthal : Permanent Subcommittee...
Analysis: the majority of the top 220 holders of President Trump's memecoin likely reside outside the US, ahead of a May 22 dinner; Justin Sun likely holds $18M
The majority of top holders of Donald Trump's memecoin have used foreign exchanges that say they ban US users, suggesting many purchasers are based abroad
Analysis: 24 crypto wallets earned $99.6M by buying the $MELANIA memecoin in the two and a half minutes before Melania Trump posted about the coin on January 19
Small group of digital wallets bought up coins in the minutes before it was announced, FT analysis shows — Unlock the White House Watch newsletter for free
Analysis: the $TRUMP memecoin generated $314M from token sales and $36M in fees within three weeks of its launch, likely fueling conflict of interest concerns
Donald Trump's crypto project made at least $350mn from the launch of his memecoin, a windfall that is likely to fuel concerns …