Friday’s federal court ruling that struck down an App Store rule that had rankled app developers could lead to a “substantial” shift of profits from Apple to the developers, said Gary Swidler, the chief financial officer of dating app maker Match Group, in an interview. The ruling, in which Apple won on most counts against plaintiff Epic Games, put an injunction on Apple’s rule that developers...
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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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