X's Employee Stock Plan Values Company at $19 Billion
Elon Musk believes that Twitter is now worth $19 billion, a 55% drop from the $44 billion he paid for it a year ago. X employees were recently awarded equity in the company at this valuation, which is a 55% discount to Musk's original purchase price. The equity, in the form of restricted stock units (RSUs), will be earned over a four-year period and require a liquidity event for taxation. Fidelity, one of Musk's investors, believes that X is worth 65% less than its purchase price.