Amazon plans to close nearly 70 physical retail locations in the U.S. and United Kingdom, including bookstores, Amazon 4-star stores and pop-up shops, Reuters reported on Wednesday. It’s one of the first big shake ups to hit the physical stores division since former Tesco executive Tony Hoggett joined the department as senior vice president in January. Amazon has struggled in recent years...
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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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