Elon Musk takes Twitter private, merging the company with X Holdings, delisting from NYSE, dissolving the board, and moving to cash-based employee compensation (Kate Conger/New York Times)

Bloomberg:
Since its NYSE debut in November 2013, Twitter stock has grown 8.4% annually on average, below the S&P 500’s 11% and Nasdaq 100’s 15%, due to slow user growth  —  Elon Musk’s buyout marks the end of nine years of public trading in Twitter Inc., which debuted with a bang but failed to match …

Bloomberg:
About 200 companies in China and Hong Kong, including Alibaba and JD.com, no longer face the threat of a US delisting after US inspectors reviewed their audits  —  About 200 companies based in China and Hong Kong are no longer facing an acute threat of being booted off American stock exchanges, sending shares surging.

Bloomberg:
About 200 companies in China and Hong Kong, including Alibaba and JD.com, no longer face the threat of a US delisting after US inspectors reviewed their audits  —  About 200 companies based in China and Hong Kong are no longer facing an acute threat of being booted off American stock exchanges, sending shares surging.

Stefanie Marotta / Bloomberg:
Shopify changes its compensation practices to let staff choose a mix of cash, restricted stock units, and stock options; Shopify stock is down 75% in 2022  —  Shopify Inc. is changing its compensation practices to let staff decide how much of their pay will be cash versus equity …

Joanna Glasner / Crunchbase News:
Analysis: 17 VC-backed Chinese companies that went public on Nasdaq and NYSE in the past 2 years have seen a ~91% average decline in their post-IPO stock price  —  Even before this past week, shares of China-based companies that went public on U.S. exchanges in recent years were performing terribly overall.

Sunil Jagtiani / Bloomberg:
FTX to provide $6M in compensation to account holders impacted by a phishing incident via a 3rd-party site but says this kind of relief will not become the norm  —  Digital-asset exchange FTX will provide about $6 million compensation to its account holders impacted by a phishing incident via a third-party website.