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Sunday, February 25, 2024

Elon Musk’s inventory grants reportedly worth Twitter at $20 billion

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Elon Musk has put a $20 billion worth on Twitter, making up lower than half of the $44 billion Musk paid to amass the location, in keeping with reports from Platformer and The Information. In a memo despatched to workers seen by Platformer’s Zoë Schiffer, Musk reportedly says that workers will obtain inventory grants primarily based on Twitter’s $20 billion valuation.

As famous by Schiffer, Musk provides that he sees “a transparent however tough path” to attaining a $250 billion valuation, which might ultimately make Twitter’s present inventory grants price 10 occasions as a lot as they’re now (if this really finally ends up panning out, after all). Identical to the Musk-owned SpaceX, Twitter may also reportedly let workers money of their inventory grants at specified durations.





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