The European Union’s antitrust agency said today it is concerned about potential anticompetitive practices in the rapidly expanding market for connected devices, currently led by tech giants including Google, Apple and Amazon, according to a statement from the bloc’s top antitrust enforcer Margrethe Vestager. The commission’s findings follow a year-long study of the so-called “internet of...
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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
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