Elon Musk Halves Twitter Valuation to $20 Billion in New Internal Memo
Interestingly, the new Twitter valuation is less than half of what Elon Musk paid for the social media giant in Q4 2022.
This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Interestingly, the new Twitter valuation is less than half of what Elon Musk paid for the social media giant in Q4 2022.
Despite the high-handed regulatory action in the United States, Nasdaq is optimistic about securing regulatory approval in the first half of 2023 for offering crypto custodial services.
A UK competition regulator eases off slightly on the Microsoft-Activision deal, sending the gaming publisher’s shares soaring.
Block said it is working with the SEC on how to “explore legal action against Hindenburg Research for the factually inaccurate and misleading report”.
Accenture said that amid the overall inflationary environment and rising interest rates, there’s a drop in the levels of business confidence among its clients.
Ethereum price gained approximately 4 percent in the past 24 hours to trade around $1,815 during the early Asian market on Friday.
Mike McGlone anticipates a Bitcoin Supercycle due to the asset’s raving performance despite economic circumstances.
Forensic research platform Hindenburg Research has teased another report amid the ongoing US banking crisis.
According to the Swiss National Bank, additional interest rate hikes should not be ruled out in the mid to long term.
As a high-growth-oriented company, Tencent is charting a very ambitious path to grow its revenue over time.
Amid its ongoing crackdown on crypto entities, the SEC issued an enforcement action Wells notice to Coinbase.
Fed’s fight over inflation continues and they have shown determination to bring it under the 2% target. Bitcoin has entered a mild correction along with US equities.
Irrespective of its current leanings, the Federal Reserve will implement additional rate hikes to correct the strain that is still being felt in the economy by the average consumer.
According to Geely, it is projecting a total of 1.65 million units for the current fiscal year and it expects its electric vehicle to dominate the mix.
Virgin Orbit stock is up over 73% in the pre-market while yesterday it closed down almost 15%.