Amazon and Visa have reached a “global agreement” over the collection of credit card fees which will see the e-commerce company retreat from moves against the payments firm. Over the past 12 months, Amazon has threatened to pull Visa credit card services in the U.K., while also increasing surcharges by 0.5% on the cards in Australia and Singapore. The moves were in response to Visa increasing...
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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...
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