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X Puts Company Value at $19 Billion
  + stars: | 2023-10-31 | by ( Alexa Corse | ) www.wsj.com   time to read: +1 min
When Elon Musk bought Twitter he promised to run the platform with fairness and transparency. But, Wall Street Journal reporting shows that, nearly a year into his ownership Musk is making a lot of choices based on impulses and the requests of friends. WSJ reporter Georgia Wells joins host Zoe Thomas to explain what that means for the platform and its future. X is granting employees stock grants at a price of $45 a share, which translates to a company valuation about 55% below the price of Musk’s $44 billion takeover in October 2022, according to an internal document reviewed by The Wall Street Journal. In March, Musk told employees they would receive stock awards based on a roughly $20 billion valuation.
Persons: Elon Musk, Georgia Wells, Zoe Thomas, Daisy Korpics, Musk Organizations: Elon, Twitter, Wall Street, Getty, Bloomberg News X Corp Locations: AFP
When Elon Musk bought Twitter he promised to run the platform with fairness and transparency. But, Wall Street Journal reporting shows that, nearly a year into his ownership Musk is making a lot of choices based on impulses and the requests of friends. WSJ reporter Georgia Wells joins host Zoe Thomas to explain what that means for the platform and its future. X is granting employees stock grants at a price of $45 a share, which translates to a company valuation about 55% below the price of Musk’s $44 billion takeover in October 2022, according to an internal document reviewed by The Wall Street Journal. In March, Musk told employees they would receive stock awards based on a roughly $20 billion valuation.
Persons: Elon Musk, Georgia Wells, Zoe Thomas, Daisy Korpics, Musk Organizations: Elon, Twitter, Wall Street, Getty, Bloomberg News X Corp Locations: AFP
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