Musk offers Twitter employees stock grants based on $20B valuation
Justin Sullivan


Twitter employees will be granted stock awards based on ~$20B valuation which is less than half of the $44B price that he acquired the company for in 2022.
The awards will start to vest after six months and will vest over four years; company plans to offer a liquidity event roughly a year from now, in which employees can cash out some of their equity.

Published reports cited a mail by Tesla (NASDAQ:TSLA) CEO Elon Musk which said, "I see a clear, but difficult, path to a >$250B valuation,â meaning stock granted now would be worth 10 times more."
Musk also said in the email that Twitter is being reshaped so rapidly that the company can be thought of as an inverse startup. He said radical changes have been necessary in part to ensure that Twitter didnât go bankrupt.
Separately, Twitter filed documents on Friday in the federal district court in northern California that a person or group operating under the username FreeSpeechEnthusiast posted various excerpts of Twitter source code to GitHub Inc.'s platform; it has now been taken down after Twitter requested its removal.