Elon Musk offered Twitter employees new equity grants valuing the company at $20 billion, The Information reported, citing an unidentified person familiar with an email sent by the chief executive officer to staff.
The $20 billion valuation is less than half the $44 billion Musk paid to buy the social media platform last year, which in theory would offer workers a big upside if the company’s value recovers. Many early startups offer stock options at steep discounts.
