Musk says Twitter value is down to $20 billion, calls firm an “inverse startup”

Musk says Twitter value is down to $20 billion, calls firm an “inverse startup”

a year ago
Anonymous $5YzO3NGzaX

https://arstechnica.com/tech-policy/2023/03/musk-says-twitter-value-is-down-to-20-billion-calls-firm-an-inverse-startup/

Elon Musk told Twitter employees that the company is now worth about $20 billion, less than half the amount he paid for it. The New York Times reported that Musk provided the $20 billion figure in an email sent to staff on Friday to announce a new stock compensation program.

"According to Mr. Musk's email about the new stock compensation program, Twitter employees will receive stock in X Corporation, the holding company he used to buy the company. Those awards will be granted under the $20 billion valuation. Mr. Musk also said in the email that he believed Twitter could someday be worth $250 billion," the NYT article said.

Musk says Twitter value is down to $20 billion, calls firm an “inverse startup”

Mar 27, 2023, 8:17pm UTC
https://arstechnica.com/tech-policy/2023/03/musk-says-twitter-value-is-down-to-20-billion-calls-firm-an-inverse-startup/ > Elon Musk told Twitter employees that the company is now worth about $20 billion, less than half the amount he paid for it. The New York Times reported that Musk provided the $20 billion figure in an email sent to staff on Friday to announce a new stock compensation program. > "According to Mr. Musk's email about the new stock compensation program, Twitter employees will receive stock in X Corporation, the holding company he used to buy the company. Those awards will be granted under the $20 billion valuation. Mr. Musk also said in the email that he believed Twitter could someday be worth $250 billion," the NYT article said.