Tesla will store Chinese user data in the country after local authorities voiced concerns that its cars’ cameras and sensors could be used for spying, according to one of Tesla’s official Chinese social media accounts. The move is part of Beijing’s efforts to require foreign companies to store user data onshore as it seeks greater control over information. The Wall Street Journal reported ...
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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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