Lululemon spends over $700m on tech | Facebook shuts TikTok, Pinterest clones | Webjet raising $163m

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.---Start your money journey: https://www.flux.finance/---The content in this podcast reflects the views and opinions of the hosts, and is intended for personal and not commercial use. We do not represent or endorse the accuracy or reliability of any opinion, statement or other information provided or distributed in these episodes.See omnystudio.com/listener for privacy information.