China’s cybersecurity watchdog has removed Caixin, a highly regarded financial news magazine, from its list of approved media, the latest indication of shrinking freedom of speech under President Xi Jinping. Caixin, a relatively independent news outlet, for decades has built a reputation for groundbreaking business journalism, including major stories on corruption and the outbreak of the...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Nasdaq to Launch Crypto Custody Service By End of June
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