X Puts Company Value at $19 Billion

📆 31/10/2023 04:21 م

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When Elon Musk bought Twitter he promised to run the platform with fairness and transparency. But, Wall Street Journal reporting shows that, nearly a year into his ownership Musk is making a lot of choices based on impulses and the requests of friends.

📆 31/10/2023 04:21 م
📰 WSJ

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WSJ reporter Georgia Wells joins host Zoe Thomas to explain what that means for the platform and its future.

Photo Illustration: Daisy Korpics, AFP/Getty Images, Bloomberg News’s social-media platform remains far below its acquisition price a year ago asX is granting employees stock grants at a price of $45 a share, which translates to a company valuation about 55% below the price of Musk’s $44 billion takeover in October 2022, according to an internal document reviewed by The Wall Street Journal. In March, Musk told employees theyCopyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

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