Didi Global is starting a union for its workers, Reuters reported. The government-affiliated union is being created as China’s government is pushing for greater distribution of wealth – which has been especially concentrated in the tech sector where founders have become billionaires while gig workers on their platforms struggle to make ends meet. Reuters said the union was announced last...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
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
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
Exclusive startups electric vehicles
SpaceX Plans New Funding With Backing From Saudi, UAE Investors
Exclusive microsoft startups
Amazon Faces Moment of Truth on Alexa as ChatGPT Steals Its Thunder