The Senate Commerce Committee deadlocked for a second time Thursday on Alvaro Bedoya, President Joe Biden’s pick for the final commissioner spot on the Federal Trade Commission. The committee voted 14-14 along partisan lines. The committee previously deadlocked on Bedoya, a Georgetown Law School professor and privacy advocate, late last year. The deadlock doesn’t torpedo his nomination, but it...
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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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