Peloton posted more revenue from its subscriptions business compared with its shrinking hardware business in its second fiscal quarter of 2023. That marks the third straight quarter it has done so. The quarter ended with more people subscribed to its all-access membership compared with last year, but total members dropped by 1%, and total revenue was down 30% compared with last year. 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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