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