Oracle, through a program launched Wednesday, is offering to move customers’ complex applications to its cloud service for free, reported Reuters. The move underscores the database giant’s efforts to sustain the business momentum it gained last year by signing up big-name customers like Zoom and McDonald’s to its cloud service. Oracle appears to be forgoing a sizable chunk of revenue here,...
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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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