Elon Musk reportedly halves Twitter’s valuation in inside memo

Elon Musk has put a $20 billion worth on Twitter, making up lower than half of the $44 billion Musk paid to amass the location, in accordance with reports from Platformer and The Information. In a memo despatched to employees considered by Platformer’s Zoë Schiffer, Musk reportedly says that workers will obtain inventory grants primarily based on Twitter’s $20 billion valuation.

As famous by Schiffer, Musk provides that he sees “a transparent however troublesome path” to attaining a $250 billion valuation, which might finally make Twitter’s present inventory grants price 10 instances as a lot as they’re now (if this truly finally ends up panning out, in fact). Similar to the Musk-owned SpaceX, Twitter will even reportedly let workers money of their inventory grants at specified durations.