Arm has reportedly frozen hiring until 2022, a sign that it expects regulatory scrutiny of Nvidia’s bid for the U.K. chip designer to stretch into next year. According to a report by The Register, Cambridge-based Arm—which designs chips for smartphones and computers—has told staff the hiring freeze will affect engineers and designers and last until Nvidia’s $40 billion acquisition from...
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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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