Shopify’s revenue growth slowed to 46% in the third quarter, a sign that the e-commerce software platform is coming off the highs of the pandemic, which sparked a big shift towards online shopping. Shopify’s revenue growth rate hovered around 100% for much of 2020 and the first quarter of this year but has slowed sharply since then. The company provides software that powers websites and checkout...
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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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