The price of bitcoin popped on Friday to $47,884, an increase of 10% compared to the day before and a two-week high for the cryptocurrency. Other cryptocurrencies like ether, Ripple’s XRP and dogecoin saw their prices rise as well. The price jumps follow promising comments from Federal Reserve Chair Jerome Powell, who said Thursday during a House Financial Services Committee meeting that he...
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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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