Chinese e-commerce app Pinduoduo reported revenue that was weaker than analysts’ expectations, and the company’s Nasdaq-listed stock dropped 6% Monday. Pinduoduo said its revenue for the fourth quarter rose 3% to about $4.27 billion. The slowing growth comes as China’s internet giants are grappling with the country’s economic slowdown and Beijing’s continued regulatory crackdown on the...
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Musk Throws Shade at Twitter CEO (and Securities Rules)
It’s day 43 in the Elon Musk–Twitter saga—and things are getting even weirder. Today we witnessed the bizarre spectacle of Elon Musk tweeting a poop emoji at Parag Agrawal after the Twitter CEO tried to clarify the company’s procedures for keeping spam bots at bay. A short time later, Bloomberg reported that Musk had told a private conference in Miami a viable deal for Twitter at a lower price...
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