Apple reported a 54% increase in quarterly revenue to $89.6 billion, more than doubling its net income, as growth in each of its businesses accelerated. IPhone sales rose 66%, Macs were up 70%, while iPad sales jumped 81%. Combined with a solid December quarter, the results suggest Apple is this fiscal year breaking out of a long term period in which its growth was relatively tepid. Some of...
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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
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