Calculation based on leaked offer to staff that implies firm valued at $2obn compared with $44bn he bought it for
Twitter is worth less than half of whatpaid for it six months ago having lost more than $20bn in value, according to calculations based on a leaked memo from the billionaire.
and a major source of funds for Musk’s purchase of the company, the investment firm Fidelity, has written down the value of its stake by 56%. Generally used as way to incentivise employees, stock grants are an opportunity to buy shares that cannot be sold until a set point in time, as opposed to stock options, which - depending on the conditions applied - can be more flexible. The aim is to encourage staff to reach a set valuation by a point in time so that they can sell their shares for cash.
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