Elon Musk has posted a $20 billion worth of Twitter, which is less than half of the $44 billion Musk paid to acquire the site, according to reports from Platform game And The information. In a memo sent to staff viewed by Platform game‘s Zoë Schiffer, Musk reportedly says employees will receive stock grants based on Twitter’s $20 billion valuation.
As noted by Schiffer, Musk adds that he sees “a clear but difficult path” to reach a $250 billion valuation that would eventually make Twitter’s current stocks worth 10 times what they are today (if this actually works out, of course). Like Musk-owned SpaceX, Twitter will also reportedly allow employees to cash in their stock exchanges at certain times.
