The world’s largest technology companies are most vulnerable to competition during major technological shifts and it is incumbent upon antitrust regulators to ensure those companies don’t act illegally to shut out the next generation of competitors, said Federal Trade Commission Chair Lina Khan. Khan’s remarks—the first time she spoke publicly outside of an official agency function, since...
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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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