Apple said Monday it was temporarily shutting its retail stores in New York City due to a surge of Covid-19 cases. At least 16 locations, including stores at Grand Central, World Trade Center and Fifth Avenue will only offer pickup for online orders, according to Apple’s website. The iPhone maker has closed dozens of locations this month in other parts of the country, including in Ohio,...
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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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