Shares in Alibaba rose as Much as 7% Wednesday after SoftBank said it was not tied to a stock market filing that had prompted speculation the Japanese tech conglomerate was looking to sell down some of its massive stake in the Chinese e-commerce giant. SoftBank owns about 25% of the company and in 2020 sold down some shares to pay off debt. Alibaba submitted a regulatory filing last week...
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Data Point Amazon Markets
Why Amazon Is Giving Employees Record Amounts of Stock, Even as It Trims Head Count
At a moment when Amazon’s overall workforce is shrinking, the company is awarding stock to employees at a record-breaking clip to keep top talent from heading for the exits. Amazon granted 138 million restricted stock units to employees in the second quarter, as the chart above shows—an 82% increase from the number of restricted shares for employees it issued during the same period...
Microsoft Lays Off 200 People in Family-Focused App Business Amid Broader Belt-Tightening
Unity Announces China Joint Venture With Partners Including Alibaba, ByteDance
Former Twitter Employee Convicted of Spying for Saudi Arabia
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