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X Offers Employees Stock Grants Valuing the Company at $19 Billion

  • 📰 WSJ
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

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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.

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 they wouldCopyright ©2023 Dow Jones & Company, Inc.

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