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ReutersFund offering 'venture capital' exposure sends investors on meme-like ride
A new fund that allows shareholders access to privately owned technology companies has sent investors on a wild ride in recent weeks while eliciting criticism from the likes of Morningstar and competitor ARK Investment Management. Shares of Destiny Tech100 are up some 200% since its March 27 launch, following a tumultuous three-week run that has seen it rise by as much as 1,172% from its debut price of $8.25. It plans to update its holdings on a quarterly basis, and creator Sohail Prasad said last month that he would like it to eventually hold 100 companies.
RFIEU grills Tiktok over 'addictive features' amid child safety concerns
The EU has launched a probe into TikTok's spinoff Lite app and threatened to suspend an "addictive" feature on it that rewards users for watching and liking videos, amid child-safety concerns. TikTok Lite arrived in France and Spain in March allowing users aged 18 and over to earn points that can be exchanged for )goods like vouchers or gift cards through the app's rewards programme.The European Commission said in a statement on Monday it has concerns about the app's "risks of serious damage for
PeopleCamila Mendes Brings ‘Whimsical and Grungy’ Vibes to Latest Coach Campaign: ‘Killing It’ (Exclusive)
The actress talks PEOPLE through her early Coach memories, the virtual reality shoot and more
