Musk offers equity grants to Twitter employees at $20bn valuation
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Twitter CEO Elon Musk is reportedly offering employees stock grants at a valuation of roughly $20 billion. This is less than half the $44 billion that Musk spent on acquiring the firm last year. To note, the stock-based grants will start to vest after a duration of six months. The number and identity of the employees who received the equity grants are not known.