China’s Ministry of Transport released new guidelines for protecting the rights of ride-hailing drivers in the country, urging ride-hailing companies to pay drivers reasonable compensation, help them participate in social insurance and improve their working environment. The ministry’s move comes amid the Chinese government’s harsh regulatory crackdown on Didi Global, the country’s biggest...
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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.
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