The U.K.’s antitrust regulator started an extended review of Facebook’s $400 million purchase of Giphy, saying the deal could decrease competition in the display advertising and social media markets. The U.K.’s Competition and Markets Authority opened a phase two probe after the companies declined to offer concessions to address antitrust concerns. The CMA said last week that it thought the...
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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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