Elon Musk values Twitter at less than half of $44B price tag in offer to employees – By Anders Hagstrom (FOX Business) / Mar 26 2023
Musk’s offer to employees valued the company at $20 billion
Billionaire Twitter CEO Elon Musk valued his company at less than half the price he purchased it for in a stock option offer to employees last week.
Musk gave stock grants to employees in an email earlier this month that valued the company at roughly $20 billion, a far cry from the $44 billion he purchased the company for last year, according to the Wall St. Journal.
“I see a clear, but difficult, path to a >$250B valuation,” Musk wrote in the email announcing the grants.
Twitter responded to a press inquiry from Fox Business with a poop emoji. Musk recently announced that all inquiries to Twitter’s press line would be responded to as such.
