Elon Musk’s X is now worth half of what he paid last year
Elon Musk’s X is now worth half of what he paid last year
Internal documents reviewed by The New York Times reveal that Elon Musk's X, formerly known as Twitter, is now worth about $19 billion, a significant drop from the $44 billion he paid to acquire the company last year. The company plans to offer equity at $45 per share in restricted stock units to employees. Musk has admitted to overpaying for the platform and envisions X as an all-purpose app with features like dating services and job recruiting. Fidelity, an investor in X, has reduced its valuation by around 65%.
Internal documents reviewed by The New York Times reveal that Elon Musk's X, formerly known as Twitter, is now worth about $19 billion, a significant drop from the $44 billion he paid to acquire the company last year. The company plans to offer equity at $45 per share in restricted stock units to employees. Musk has admitted to overpaying for the platform and envisions X as an all-purpose app with features like dating services and job recruiting. Fidelity, an investor in X, has reduced its valuation by around 65%.
We use cookies to improve your experience on our site and to show you relevant advertising. To find out more, read our updated privacy policy and cookie policy
Through RSS Feeds 
Internal documents reviewed by The New York Times reveal that Elon Musk's X, formerly known as Twitter, is now worth about $19 billion, a significant drop from the $44 billion he paid to acquire the company last year. The company plans to offer equity at $45 per share in restricted stock units to employees. Musk has admitted to overpaying for the platform and envisions X as an all-purpose app with features like dating services and job recruiting. Fidelity, an investor in X, has reduced its valuation by around 65%. 
