Lululemon spends over $700m on tech | Facebook shuts TikTok, Pinterest clones | Webjet raising $163m
Description
Webjet is raising $163 million to pay down loans and potentially buy other companies.
Facebook is shutting down its Pinterest clone Hobbi and its TikTok clone Lasso after failing to gain traction with both.
Athleisure brand Lululemon has spent over AU$700M to buy Mirror, a home fitness tech company.
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