Meta Platforms gave thousands of employees “subpar” ratings in recent performance reviews, The Wall Street Journal reported, noting that the company’s leadership are considering another wave of layoffs amid a weak digital ad market. Meta’s leadership expects more people will leave in the coming weeks and it will consider layoffs if not enough leave, the Journal report said. In November, Meta...
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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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