China’s economy showed surprisingly slow economic growth in July, prompting the country’s central bank to lower interest rates in an effort to boost the economy. Slowing consumer spending and rising youth unemployment were among the raft of economic indicators that could spell trouble for consumer tech companies, which had already been struggling to cope with the fallout from China’s strict...
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Musk Leaves Twitter Staff Without Equity Plan as Deadline Looms
Shortly after Elon Musk bought Twitter last fall, he promised Twitter staff that they could look forward to the kind of stock rewards employees at SpaceX—another private company Musk runs—enjoy. But as Musk’s ownership of Twitter nears the end of its third month, he has yet to release details of the new stock compensation plan, according to several employees. Employees at...
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