U.S. venture capital investments reached $330 billion last year, almost doubling the previous record of $167 billion set in 2020, according to data firm PitchBook. The increase was driven by record low interest rates, which drove investors looking for yield into the private markets, and a surge in software demand from all sorts of businesses thanks to the pandemic. Cash-rich nontraditional...
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U.S. VC Investments Reach $330 Billion in 2021, Doubling Previous Record
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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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