X is Now Worth $19 Billion, Less Than Half What Musk Paid For it

One of the major stories of the year was Elon Musk’s takeover of Twitter in late 2022.

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Musk admitted that the price he paid for it was not worth it.

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Employees will be able to accumulate restricted stock units, valued at $45 per share, as stated in the documentation for the new stock grants from X.

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Why the share price has not dropped as much in comparison to the company’s valuation is unknown.

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It is important to note that Musk does not currently have a formal board and is the chair of X.

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Employees at X, meanwhile, were ignorant of the company’s valuation following Musk’s takeover until recently.

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