Robinhood said in its annual report published on Monday that the Securities and Exchange Commission had subpoenaed the trading platform in December regarding its “cryptocurrency listings, custody of cryptocurrencies, and platform operations.” The company also disclosed subpoenas from the California Attorney General’s Office about the firm’s cryptocurrency business, including its coin listings,...
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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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