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Billionaire Twitter CEO Elon Musk valued his company at less than half the price it bought last week in a stock option offering to employees.
Earlier this month, Musk offered stock grants to employees in an email, according to the Wall St. Journal.
“I see a clear, but difficult path to a $250B valuation,” Musk wrote in an email announcing the grants.
Twitter responded to a reporter’s question from Fox Business with a poop emoji. Musk recently announced that all questions will be answered for Twitter’s press line.
Elon Musk says Twitter will open up the code it uses to recommend tweets
Twitter CEO Elon Musk sent an offer to employees to value his company at approximately $20 billion. (Muhammad Selim Korkutada / Anadolu Agency / Getty Images)
Musk has made massive changes at Twitter since taking over the company last year. (AP Photo/Jeff Siu / AP Newsroom)
Twitter will soon remove legacy blue checks
Employees received the email the same week Musk sent a note informing employees that working from home was not an option.
Kasthuri is not a fan of remote jobs. In November, he ended Twitter’s work-from-home accommodations, telling employees within driving distance of the office that they had to show up in person or their “resignation accepted.”
The eccentric CEO fired thousands of Twitter employees as soon as he came through the door in November.
At the time, Musk bought the company for $44 billion, and he advocated drastic changes to prevent the company from going bankrupt.
Musk fired thousands of Twitter employees in the opening weeks of his tenure as CEO, arguing that the company would go bankrupt. (Photo by Theo Vargo/WireImage/Getty Images)
Musk took the company with a commitment to promoting free speech on the platform. He has allowed journalists, including freelance journalist Matt Taipi, to release internal documents and communications from Twitter’s previous leadership.
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The reports spawned “The Twitter Files,” the first installment of the series focused on Twitter’s internal discussions that led to the Hunter Biden laptop story being censored. 2020 Presidential Election.
Fox Business’ Chris Pandolfo and Haley Chi-Sing contributed to this report.
