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Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more | E1708
This Week in Startups
Why Venture Capitalists Invest in Startup Companies Like TikTok
Rachel: Why do venture capitalists invest in startup companies like TikTok? Because they know it'll make money. Rachel: Do people consider, do young people use this more than Facebook? TikTok? Oh, I would say so, yes. So who is blocking the IPO of TikTok is really the only question. If you had to take a guess, is it the VCs? Nope. It's of course, China. There's no other person who can block.
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