Musk offers equity grants to Twitter employees at $20bn valuation


Content Team
Image Credit: NewsBytes

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.