U.S. lawmakers on Tuesday pressed executives at Facebook, Twitter and YouTube on the potential harm their algorithms cause to public discourse and society, from spreading medical misinformation to stoking political divisions. The session was the latest in a series of Capitol Hill hearings featuring aspects of big technology companies’ business practices, from app store policies to content...
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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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