The NAACP and the Anti-Defamation League are pushing advertisers to stop spending on Facebook, for at least a month, due to their concerns that the social media giant isn’t doing enough to prevent racism and violence on its platform. The groups have taken out a full-page ad in the Los Angeles Times calling for advertisers to pull their spending for July, stating “Your profits will never be...
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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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Twitter Valued at $20 Billion in New Employee Stock Grant
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