Facebook’s revenue surged 48% in the first quarter to $26 billion, thanks primarily to an increase in the prices it charges advertisers, the latest sign that the social network has benefited from a pandemic-accelerated shift in ad spending to digital platforms. The results also showed that Facebook is becoming much more efficient as it grows. Its operating margin, or operating profit as a...
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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
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