Meituan, China’s biggest food delivery and on-demand services app, reported a 25% rise in revenue for the quarter through March, beating analysts’ expectations. The company’s food delivery business, its biggest source of revenue, grew 17%. Revenue from another major business segment that consists of relatively new operations such as a type of online grocery service known as community group...
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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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