"Elon Musk's Conflicting Views on Twitter's Value"
TL;DR
Elon Musk values Twitter at $20 billion, a significant drop from the $44 billion he paid to buy the social network in October. In an email to Twitter employees, Musk warned that the company remained in a precarious financial position and had been four months away from running out of money. He announced a new stock compensation program for employees, granting them stock in X Corporation, the holding company he used to buy Twitter, under the $20 billion valuation. Musk also said he believed Twitter could someday be worth $250 billion.
Topics:businesstechnology#elon-musk#financial-position#social-media#stock-compensation#technology#twitter
- Elon Musk Values Twitter at $20 Billion The New York Times
- Elon Musk tells employees to get back in office with 2:30 am memo Fox Business
- Elon Musk memo suggests Twitter worth less than half of what he paid for it The Guardian
- Elon Musk Offers Twitter Employees Stock Grants Valued At About $20 Billion: 'Stock Granted Now Would Be Worth Ten Times More' Benzinga
- Elon Musk values Twitter at less than half of $44B price tag in offer to employees Fox Business
Want the full story? Read the original reporting
Read on The New York Times