Netflix is laying off 150 people, Deadline reported the latest sign of how it is dealing with slowing revenue growth. The majority of the layoffs were in the U.S. and many worked on original programming, a key area for the streaming service, the report said. A few weeks ago Netflix laid off dozens of people at Tudum, a new marketing site it had just launched, but that was less core to the...
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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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