X is officially worth less than half of what Elon Musk paid for it

Posted on AllSides October 30th, 2023
From The Left
Laura Normand / The Verge
ANALYSIS

Everyone knew that Twitter wasn’t worth $44 billion when Elon Musk bought it a year ago. Now, we know what Musk himself thinks it’s worth today: $19 billion.

On Monday, employees at X were awarded equity in the company at a valuation of $19 billion, or $45 per share, according to internal documents seen by The Verge. That price is a 55 percent discount to Musk’s original purchase price, per the documents, which note that “the fair market value per share is determined by the Board of Directors based on a...

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https://www.theverge.com/2023/10/30/23938969/x-twitter-valuation-19-billion-employee-shares

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