Hollywood studios are pulling movie releases from Russia in response to the crisis in Ukraine. The Walt Disney Co. said it would stop showing movies in Russia, starting with the release of Pixar Animation Studios’ “Turning Red.” “We will make future business decisions based on the evolving situation,” Disney said, according to Reuters. “In the meantime, given the scale of the emerging...
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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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