Twitter's new owner Elon Musk told employees Monday they can receive stock and options as part of an"ongoing compensation plan" even though the company is now private, according to an internal memo viewed by CNBC.
Musk told Twitter employees that"exceptional amounts" of shares will be granted for"exceptional performance."Twitter's new owner Elon Musk told employees Monday they can continue to receive stock and options as part of an"ongoing compensation plan" even though the company is now private, according to an internal memo viewed by CNBC.
Musk said the stock plan will resemble the one in place at SpaceX, where he is also CEO. SpaceX conducts as a way for long-time stockholders to sell equity, given that the company remains private more than 20 years since its founding.
Stocks are probably worth what FTX is.