The Chinese government would rather see TikTok shut down in the U.S. than allow the Trump administration to force a sale of the video-sharing app’s U.S. operation, Reuters reported Friday, citing three people with direct knowledge of the matter. TikTok’s future has been up in the air since President Trump threatened this summer to ban the app in the U.S. if it weren’t sold, on the grounds that...
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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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