Google, Facebook, Amazon and other digital advertising companies are the targets of new bills introduced Thursday by a bipartisan group of lawmakers led by Republican Senator Mike Lee from Utah and Republican Representative Ken Buck from Colorado. Under the bills the digital ad industry would be regulated much like securities markets. If passed they would block companies with more than $20...
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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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