Musk is reportedly allowing tweeps to buy stock awards based on a $20 billion valuation, but added he thinks it will eventually be worth ‘$250 billion.’
It’s unclear how many employees have received these stock options, and how much stock each may have gained. Like many other tech companies, Twitter had previously offered stock grants in employee compensation. The company spent $630 million in stock compensation back in 2021, according to regulatory filings, though of course that was back when Twitter was a private entity and it was easier to find buyers.
Gizmodo reached out to Twitter for comment, but the company responded with a . That’s how Musk plans to respond to every media request from now on, no matter if the report is about.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk Says Twitter is Worth Less Than Half of What He Bought It ForTwitter isn't worth even half of what it was purchased for last year -- so says Elon Musk to his own employees.
Read more »
Elon Musk Says Twitter Worth $20 Billion, or Less Than Half What He Bought it ForElon Musk has revealed that he believes Twitter is currently worth $20 billion, or less than half the $44 billion he purchased it for
Read more »
Elon Musk concedes Twitter is worth less than half what he paid: reportElon Musk concedes Twitter is now worth less than half what he paid in email about stock grants, report says
Read more »
Twitter Is Now Worth $20B, Less Than Half Its Purchase Price, Elon Musk ClaimsHow do you make a small fortune? The old joke suggests you start with a large one. But Elon Musk isn’t laughing at that punch line, as Twitter has drastically shrunk in its valuation, at leas…
Read more »
Pay $84 a year for Twitter Blue or lose your checkmark beginning April 1, Twitter saysTwitter's free blue 'verified' checkmarks for notable users may finally be coming to an end.
Read more »
Elon Musk puts $20 billion value on Twitter, The Information reportsTwitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff.
Read more »