Autonomous trucking startup TuSimple’s public stock debut turned sour on Thursday, as the stock quickly fell below its IPO price. TuSimple shares were trading in mid afternoon at $37.90, below the $40 level at which it priced the IPO, although it rallied to close at exactly $40. At the IPO price, TuSimple is worth $8.5 billion, compared to its $1 billion valuation as recently as last fall. ...
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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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