Shares of Confluent, a data analytics startup founded by ex-LinkedIn engineers, rose 25% in their public debut, giving the seven-year old company a valuation of $11.4 billion. Confluent sold 23 million shares at $36 per share, raising $828 million in the offering. The results underscore the potential for Confluent’s software, which is based on the open source Apache Kafka and can analyze data...
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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.
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