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Elon Musk has put a $20 billion worth on Twitter, making up lower than half of the $44 billion Musk paid to accumulate the location, in response to 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 reaching 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 really finally ends up panning out, in fact). Similar to the Musk-owned SpaceX, Twitter can even reportedly let workers money of their inventory grants at specified intervals.
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