Facebook says it plans to hire 10,000 new employees in the European Union over the next five years, as announced in a post on Sunday. The company says the expansion, focused on engineers and product designers, will put Europe “at the heart of [its] plans to help build the metaverse,” a more immersive successor to the internet that Facebook and others anticipate will flourish with the arrival 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.
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