> MGX, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, will take 15% stake, with social media firm valued at $14bn
So they value the most attention owing social media at a mere $14b? As reference: Meta has a total market cap of around $1.8 T.
So they value the most attention owing social media at a mere $14b? As reference: Meta has a total market cap of around $1.8 T.
Forget Meta's market cap, does anyone think Zuckerberg wouldn't have paid 20 billion for Tiktok USA ?
Just so corrupt and to even call it a sweetheart deal is outrageous.
I thought it should just be banned in the US. The idea we are basically strong arming a whole nation and stealing a company at a bullshit valuation is completely insane.
> still looks small if simplifying and counting just by global population
Yes, I agree, if you ignore everything except one single number, I can see how it can be confusing.
What about Canadians?