How do you make a small fortune? The old joke suggests you start with a large one. But Elon Musk isn’t laughing at that punch line, as Twitter has drastically shrunk in its valuation, at leas…
that Musk claims Twitter is now worth $20 billion, a figure way down from the $44 billion spent last October to purchase the platform. Musk made his claim in an email sent to company employees, the Times said, adding it had seen the note.
The email was sent to employees to announce a stock compensation program. In it, Musk said Twitter was still in bad shape financially, even as massive layoffs and cutting perks have shrunk the headcount. He claimed the company was four months away from running out of money at one point, necessitating the changes.
“Twitter is being reshaped rapidly,” Musk wrote, adding that the company could be thought of as “an inverse start-up.” Under Musk’s stock plan, Twitter employees will receive grants for the holding company used to buy Twitter. Workers will be able to sell the privately held stock every six months, something also done at Musk’s SpaceX.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Twitter to revoke ‘legacy’ verified badges in April, leaving only paying subscribers with blue check-marksAs Elon Musk promised, Twitter’s previous blue check-mark verification regime will soon be history.
Consulte Mais informação »
AOC mocks Elon Musk for removing Twitter checkmarks on April Fool's dayInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Consulte Mais informação »
Elon Musk emailed Twitter staff at 2:30 a.m. telling them the 'office is not optional,' report saysMusk has previously sent emails to employees in the middle of the night. In November, he sent one at 2:39 a.m. telling employees they would no longer be permitted to work remotely.
Consulte Mais informação »
Elon Musk puts $20 billion value on Twitter, The Information reportsTwitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff.
Consulte Mais informação »
Elon Musk concedes Twitter is worth less than half what he paid: reportElon Musk concedes Twitter is now worth less than half what he paid in email about stock grants, report says
Consulte Mais informação »