Apple declined provide a company witness to testify at an upcoming Senate antitrust hearing, according to a letter from Minnesota Democrat Amy Klobuchar and Utah Republican Mike Lee sent Friday to Apple CEO Tim Cook urging him to reconsider. According to the letter, reported by Bloomberg, Apple was in discussions with staff for the Senate Judiciary Committee’s antitrust subcommittee about...
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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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