Amazon lashed out on Wednesday against a proposed bill that would keep it from unfairly competing with companies relying on its platform to reach their own customers. The bill would both degrade Amazon Prime - specifically its two-day shipping option - as well as harm thousands of small businesses and jeopardize hundreds of thousands of jobs, Amazon’s head of U.S. public policy Brian Huseman...
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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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