Tech

Elon Musk offers stock grants worth $20 billion to Twitter employees

Published

1 year ago

March 27, 2023

ticker NEWS

This amount is under half what Musk purchased the social media giant for

Twitter CEO Elon Musk has offered employees stock grants worth nearly $20 billion.

The valuation is less than half of what Musk paid to buy the social media giant late last year.

Employees will start receiving their shares over the next six months, and will need to hold them for approximately a year before they can start to sell them on the stock market.

Musk revealed a few weeks ago that Twitter was on track to roughly be at cash flow break even later in the year, as advertisers start returning to the platform.

Musk has also laid off approximately 70 per cent of staff at the social media giant.

Tech

The biggest entertainment industry continues studio closures

Published

1 day ago

May 10, 2024

ticker NEWS

Microsoft’s Xbox division announced the closure of several studios post their Bethesda acquisition.

Among the studio closures are Arkane Austin and Tango Gameworks.

Meanwhile, Nintendo hints at a new Switch, and PlayStation backtracks on linking Steam accounts for HellDivers 2.

Nintendo surprises with a NES Championship edition. New games this week include Crow Country, V Rising, Animal Well, and Little Kitty, Big City. #Featured #Trending

Shows

Cyber attacks: health sector targeted

Published

1 day ago

May 10, 2024

ticker NEWS

Cyber attacks are rife within the healthcare sector. So what’s the solution?

Cyber inSecurity dives into the challenges, solutions, and real-world applications in the fast paced world of cyber security. Hosted Nam Lam, Managing Director and Gary Savarino, Field CTO at Sailpoint.

In this episode, Gary is joined by Aaron Le Saux, ICT Architecture and Integration Manager at Calvary Health Care. #cyber insecurity