Uber’s quarterly financial results this year have been the same story over and over again, and its third quarter results were no exception: The company’s ride-hailing business still hasn’t fully recovered from the pandemic-related hit it took last year and its food delivery business is growing quickly and continues to represent a bigger slice of the company’s gross bookings—the money its...
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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...
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