Amazon plans to stage Prime Day, its annual sales jamboree, in June after delaying the event last year due to the Covid-19 pandemic. Recode reported that Amazon is currently planning to hold Prime Day in the middle or latter half of June. Last year, Amazon moved Prime Day, which normally occurs in July, to October. That was in large part because a pandemic-related surge in online shopping was...
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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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