Activist investor Blackwells Capital wants the board of Peloton to fire CEO John Foley and pursue a sale of the company, according to The Wall Street Journal. Its share price, which rose with the popularity of homebound exercise during Covid lockdowns, has since fallen below its IPO price. The report said that Blackwells, which is a significant shareholder but owns less than 5%, intends to...
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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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