Elon Musk has put a $20 billion worth on Twitter, making up lower than half of the $44 billion Musk paid to amass the positioning, based on reports from Platformer and The Info. In a memo despatched to workers seen 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 tough path” to attaining a $250 billion valuation, which might ultimately make Twitter’s present inventory grants value 10 instances as a lot as they’re now (if this truly finally ends up panning out, in fact). Identical to the Musk-owned SpaceX, Twitter will even reportedly let workers money of their inventory grants at specified intervals.