All posts tagged: billion

TikTok Shop hit billion in the first half of 2026

TikTok Shop hit $50 billion in the first half of 2026

Published by skeptic

In the first half of 2026, customers spent $50.3 billion globally on TikTok Shop, according to a report by Tabcut and Momentum Works — a whopping 92 percent increase over the same period last year. The U.S. and Southeast Asia were the largest markets, with the former spending $11.8 billion, around double the total from last year. The U.S. has 1.35 million stores and 20 million influencers on TikTok Shop. SEE ALSO: TikTok quickly pauses dating live chat test Tabcut and Momentum Works estimate that the global gross merchandise value (GMV) will surpass $100 billion for the first time this year and reach $123.5 billion by the end of 2026. Mashable Light Speed But, as What’s Trending reported, the data might be more complicated than it looks. In a May 2026 Harris Poll, 63 percent of Gen Zers said they stopped buying from TikTok Shop. EMARKETER, which published the data, stated that it might be because of increasing dissatisfaction with the marketplace itself. Still, 62 percent said they use TikTok to discover new products, and …

Lakers to be sold to Bob Iger and Josh Kushner for billion

Lakers to be sold to Bob Iger and Josh Kushner for $12 billion

Published by Sam Flores

IE 11 is not supported. For an optimal experience visit our site on another browser. Nick Reiner indicted on murder charges in the death of his parents 01:43 Karoline Leavitt to step down as White House press secretary at end of August 03:23 Now Playing Lakers to be sold to Bob Iger and Josh Kushner for $12 billion 03:14 UP NEXT At least 169 people dead in Colombia after earthquake as search for survivors continues 03:09 Official confirms Trump used elaborate ruse to fly out of Turkey amid Iran war 02:29 Brendan Murphy’s art is celebrating America’s 250 with exhibit in Washington D.C. 02:34 ICE officers will be getting body cameras this week 02:44 Death toll in earthquake surpasses 100, Colombian president says 02:18 Patriot Games underway as part of nation’s 250th anniversary celebration 02:30 Psychiatrists who treated Lindsay Clancy testify at murder trial 03:45 A League of Their Own’ legacy inspires new generation of female baseball players 04:31 FAA says it is investigating safety incident involving president’s helicopter 02:54 Woman arrested after four people …

Goldman doubles down on active ETFs with .3 billion Neos deal

Goldman doubles down on active ETFs with $2.3 billion Neos deal

Published by Sam Flores

Aug 12 : Goldman Sachs will acquire exchange-traded funds provider Neos Investments for as much as $2.25 billion, as the investment bank looks to bolster its presence in active asset management. Neos manages $30 billion in assets across 19 ETFs that cover a suite of index products, while using options to generate additional income and cap downside risk. Demand for such products has surged of late, as institutions look to hedge portfolios with investments that help cushion drawdown risk and provide recurring income in a volatile market environment. Goldman has pursued acquisitions in the actively managed ETF space to strengthen its asset management unit and capitalize on the growing demand. The Wall Street giant completed the $2 billion buyout of Innovator Capital, which also employs an options-based ETF, earlier this year. “The deal capitalizes on the accelerating adoption of derivative income ETFs and deepens durable A&WM (asset and wealth management) revenues,” analysts at Jefferies said in a note. Neos has returned about 19 per cent over a one-year period through June in its flagship S&P …

OpenAI reportedly completed a billion employee tender offer

OpenAI reportedly completed a $7 billion employee tender offer

Published by skeptic

OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce. The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recent fundraising round in March, which added $122 billion to the company’s war chest. The company also filed confidentially with the Securities and Exchange Commission in June to prepare for a potential IPO later this year. However, a tender offer suggests that an IPO may not be forthcoming soon. With many tech companies remaining private longer than previous generations of startups, private tenders have proven a useful way for firms to allow employees to realize the value of their stock compensation without the difficulties that come with a public offering. OpenAI did not respond to a request for comment by publication time. Last month, OpenAI CEO Sam Altman wrote that “we did not have our best 12 months ever, which is mostly my fault, but we are about to have our …

Game Over? GameStop CEO May Pull Billion eBay Bid

Game Over? GameStop CEO May Pull $56 Billion eBay Bid

Published by Jenni Sidey

Anyone who took GameStop CEO Ryan Cohen’s bid for eBay seriously should have reconsidered after his CNBC interview with Andrew Ross Sorkin in early May. When Sorkin pressed him on the basic math, Cohen failed to clearly explain how GameStop could finance the $56 billion deal or make the proposed cash-and-stock structure work. The interview raised more questions than it answered and pointed to the inevitable conclusion: the deal was never likely to happen from the start. Here’s the most contentious part of Ryan Cohen’s CNBC Squawk Box interview about the GameStop-EBAY acquisition. This is a HEATED back and forth, uncommon for financial news. $GME Sorkin, at one point is in disbelief at RC’s repetitive answering to his question. pic.twitter.com/MWAbYWStlp — Reese Politics (@ReesePolitics) May 4, 2026 Fast-forward to Monday morning, when a new Bloomberg report citing people familiar with the matter said Cohen is considering withdrawing the $56 billion bid for the online marketplace. However, Cohen is not giving up on a potential partnership with eBay. He is reportedly considering proposing a partnership or …

Intel plans billion share sale as turnaround rally lifts stock

Intel plans $15 billion share sale as turnaround rally lifts stock

Published by Sam Flores

Aug 10 : Intel said on Monday it was planning to raise $15 billion through a share sale, as it looks to fund the costly build-out of its chip contract manufacturing business by cashing in on a stock surge fueled by its turnaround efforts. Once a dominant force in the global chip industry, Intel is investing heavily in new facilities and advanced packaging capabilities as it seeks to challenge industry leaders such as TSMC in contract chip manufacturing. Its shares fell more than 4 per cent in early trading. As of last close, the stock has nearly tripled this year, outperforming rivals AMD and Nvidia and the Philadelphia Semiconductor Index’s nearly 75 per cent rise. Several analysts have said Intel’s surging share price has increased the chances of an equity raise to help fund its expansion plans. “As a capital-intensive business that went a long way to wrecking its own balance sheet and prospects by focusing on financial engineering rather than physical engineering, courtesy of $82 billion of share buybacks in the 2010s, it makes …

Child stars who built staggering fortunes — including Lost Boys star worth billion

Child stars who built staggering fortunes — including Lost Boys star worth $8 billion

Published by Daniella Wilson

Growing up in the spotlight doesn’t always guarantee lifelong success, but for a select group of former child stars, early fame became the foundation for extraordinary wealth. From billion-dollar beauty brands to cryptocurrency empires and sports franchises, these celebrities transformed childhood careers into multimillion-dollar — and in some cases billionaire — business empires. Here’s a look at some of the richest former child stars today. Selena Gomez © WireImage Long before she became one of the world’s biggest pop stars and entrepreneurs, Selena Gomez was winning over audiences on Barney & Friends before landing her breakout Disney Channel role on Wizards of Waverly Place. Today, much of her fortune comes from Rare Beauty, the cosmetics brand she launched in 2020. While Bloomberg previously estimated her wealth at more than $1 billion, Forbes now values her net worth at around $700 million, making her one of the richest entertainers in Hollywood. Rare Beauty remains the largest contributor to her fortune, alongside earnings from music, acting, endorsements and Only Murders in the Building. Jessica Alba © FilmMagic Jessica Alba landed …

Private prisons announce .4 billion in revenue as immigration detentions climb : NPR

Private prisons announce $1.4 billion in revenue as immigration detentions climb : NPR

Published by Sam Flores

The CoreCivic, Inc. California City Immigration Processing Center stands in the Kern County desert awaiting reopening as a federal immigrant detention facility under contract with the US Immigration and Customs Enforcement (ICE) in California City, California on July 10, 2025. Patrick T. Fallon/AFP via Getty Images hide caption toggle caption Patrick T. Fallon/AFP via Getty Images America’s two largest private prison companies, CoreCivic and GEO Group, are reporting a combined $1.4 billion in quarterly revenue over the spring as immigration detention closes in on record levels. Those revenues announced Thursday do not include net proceeds of $1.6 billion made by CoreCivic after the recent sale of four of their facilities to the Department of Homeland Security. Patrick Swindle, CoreCivic’s President and CEO, told investors on an earnings call that that works out to an average rate of $307,000 per bed. The earnings — from April through June of this year — come as the U.S. is holding almost 66,000 people in immigration detention, nearing record levels not seen since January, according to Transactional Records Access …

US pledges billion security aid to Colombia as Trump-endorsed president takes office

US pledges $1 billion security aid to Colombia as Trump-endorsed president takes office

Published by Sam Flores

The US State Department announced late Friday that President Donald Trump’s ​administration plans to provide $1 billion in security assistance to Colombia as the country’s new right-wing President Abelardo De La Espriella was sworn into office. De la Espriella, who calls himself “The Tiger”, vowed to “defeat narco-terrorists” in his first presidential speech at a military garrison in Cali. Keywords for this article Source link