Dutch file-sharing service WeTransfer has abruptly canceled its IPO in Amsterdam, with its chief executive officer citing turbulent public markets for the decision. WeTransfer had planned to go public this week, seeking a valuation of up to $810 million, before announcing on Thursday the IPO would not go ahead. In a statement, WeTransfer’s CEO blamed “volatile market conditions” for ditching...
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The Briefing Markets
Musk Throws Shade at Twitter CEO (and Securities Rules)
It’s day 43 in the Elon Musk–Twitter saga—and things are getting even weirder. Today we witnessed the bizarre spectacle of Elon Musk tweeting a poop emoji at Parag Agrawal after the Twitter CEO tried to clarify the company’s procedures for keeping spam bots at bay. A short time later, Bloomberg reported that Musk had told a private conference in Miami a viable deal for Twitter at a lower price...
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