Facebook has released internal research about the impact of Instagram on teenagers’ mental health ahead of a Congressional hearing Thursday that will canvas the same issues. In a blog post announcing the release, the company claimed the Wall Street Journal’s report had mischaracterized Facebook’s research and omitted context. The Journal focused on a particular finding that 32.40% of teenage...
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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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