Elon Musk has put a $20 billion valuation on Twitter, which is less than half of the $44 billion Musk paid to acquire the site, according to reports of Platform And information. In a note to staff seen by Platform‘s Zoë Schiffer, Musk reportedly said employees would receive stock awards based on Twitter’s $20 billion valuation.
As Schiffer noted, Musk adds that he sees “a clear but difficult path” to reach a $250 billion valuation, which would eventually make Twitter’s current stock grants worth 10 times more than they were. currently are (if it ever comes to fruition, of course). Much like Musk-owned SpaceX, Twitter would also let employees cash out their stock awards at specific times.
