TikTok’s latest enemy: its former employees

Should your shares in a company be worth less if you no longer work there? ByteDance, the Chinese tech conglomerate that owns TikTok, thinks so. And some of its ex-employees are pissed. As you may have read by now, ByteDance earlier this week notified its thousands of employees in the US that, for the first time, they can begin the process of selling their stock back to the company.

* It’s hard to overstate how much these large AI startup funding rounds are being driven by competition among the cloud providers. Take Anthropic’s recent deal with Amazon, which is a prelude to an even larger round the AI lab is trying to put together right now. A key deal term for Amazon, I’m told, was that Anthropic has to use AWS Trainium and Inferentia chips. It’s a huge blow to Google, Amazon’s competitor and Anthropic’s previous preferred cloud provider.

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