Secondhand goods seller ThredUp’s revenue grew 35% to $63 million in the third quarter of the year, exceeding the company’s expectations of $62 million in revenue. Like other e-commerce companies such as Amazon and Shopify, ThredUp’s growth rate slowed slightly from the 39% year-over-year increase the company reported in the second quarter, another sign that the pandemic e-commerce spike is...
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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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