Ride-hailing giant Didi Chuxing will start a trial using China’s new digital currency for payments on its app, a first step in the commercial rollout of the government-backed token. China’s government is pushing ahead with a digital currency which could give the government more control over the flow of money. China’s virtual currency is called theDigital Currency Electronic Payment. While...
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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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