X, formerly Twitter, told staffers eligible for stock grants the company was valued at $19 billion -- 57% below Musk's $44 billion deal price.
A year ago, Elon Musk griped that he was “obviously overpaying” for Twitter in the $44 billion deal that the social network sued him to complete.
Now we know how inflated Musk believe his bid was: X, the new name of Twitter, on Monday informed employees eligible for stock grants that they would receive shares
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Elon Musk's X valued at $19 billion one year after $44 billion purchaseChristopher Hutton is a technology reporter for the Washington Examiner covering Big Tech companies like Facebook and X as well as the regulatory efforts by Washington to rein in the tech companies. He previously wrote for a number of other outlets, including Daily Dot, Pando Daily, Religion Unplugged, and other outlets.
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Elon Musk Values Twitter at $19 Billion One Year After TakeoverElon Musk, who paid $44 billion for Twitter last year, revealed he believes the company is now worth just $19 billion.
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X valued at $19 billion in share plan for employeesA year after Elon Musk bought the company formerly known as Twitter, he has confirmed that the business is worth 55 percent less than his $44 billion purchase price.
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X Offers Employees Stock Grants Valuing the Company at $19 BillionWhen 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.
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X/Twitter Suffers Decline in Active Users, Advertisers During Elon Musk’s First Year as OwnerSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
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Twitter is now worth half of the $44B Elon Musk paid for it: ReportAn internal memo circulating at social media company X (formerly Twitter) has reportedly shown the value of the company is now at $19 billion, less than half of the $44 billion Musk paid this time last year.
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