India’s demand for PCs soared in the first quarter compared to a year earlier while domestic production rose to 18%, reducing the country’s reliance on imports from China. Data from Canalys showed that there were 5.8 million PC shipments in the first quarter of the year, up nearly 50% from the previous year and continuing a streak of six quarters of steep growth. Canalys said growth came from...
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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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