Shares of Coinbase opened at around $380 apiece, valuing the crypto firm at roughly $99 billion, in a much anticipating stock offering. But after hitting a high of just below $400, the stock started dropping, a possible sign of selling pressure. By mid afternoon Coinbase share were around $330. In a direct listing, unlike an initial public offering, shareholders are not restricted from selling...
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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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