As it continues to tighten antitrust regulations, China is considering opening up Tencent and ByteDance to outside search by third-party companies, Bloomberg reported. No decision has been made on a move to further weaken the walls that have kept the content on the hugely popular platforms sealed off. If enacted, this would have profound implications for the internet companies’ business...
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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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