Shares in China’s top tech companies, including Alibaba, Meituan and Tencent, took a hit as fears of further regulatory tightening spooked investors. In recent days, regulators said that food delivery companies must lower operating costs for catering businesses by lowering commissions, while authorities told state-owned enterprises and banks to check their financial exposure and risk to Ant...
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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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