Chinese videogame giant Tencent said in a statement that it would put further restrictions on minors’ game time, after a Chinese state-owned media outlet published an article calling for more government regulation on online videogames. The article, which was deleted Tuesday afternoon, said that online games are like “mental opium” that has a negative impact on the health of minors in China. ...
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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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