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Elon Musk concedes Twitter is now worth less than half what he paid in email about stock grants, report says
Musk told Twitter workers about stock grants that value the company at about $20 billion, Platformer reported, far lower than the $44 billion he paid.
Elon Musk concedes Twitter is now worth less than half what he paid in email about stock grants, report says
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Elon Musk admitted that Twitter is now worth less than half what he paid in an email about stock grants to employees, reports say.
Zoƫ Schiffer, the managing editor of Platformer, tweeted Saturday that Musk told staff Twitter had been through a period of radical but necessary change because it'd been "about 4 months away from running out of money. Now, he says, the financial incentives of employees should align with the company."
She tweeted that the stock grants were based on a "$20b valuation." Musk paid $44 billion to take control of Twitter in late October.![]()






