Zoom swatted away some of the doom and gloom that has surrounded the company this year, reporting solid earnings for the three months ending April 30 and a decent forecast for its current quarter. Its shares are up around 5% in after-hours trading after rising nearly 20% in the wake of the report. Still, investors seem to have low expectations for Zoom, one of the biggest bellwethers among...
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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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