Max Cutler, a Spotify executive who oversaw the streaming service’s audio talk shows and partnerships, is exiting the company, according to Bloomberg . Cutler’s departure comes just a month after that of Dawn Ostroff, who spearheaded the company’s expansion into podcasts. Spotify also laid off 6% of its staff last month, or about 600 employees, in an effort to cut costs. Cutler co-founded...
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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. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
Amazon Starts Latest Round of 9,000 Layoffs
Nasdaq to Launch Crypto Custody Service By End of June
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