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Tech Thread

Thankfully they have started to adopt the proud left wing tradition of eating your own.

Its both valuable and entertaining.
 
Isn’t bannon bankrolled by a ccp stooge?

what a doofus.

musk sucks but the guy owns 25% of a 540b market cap co. He doesn’t need China money.
 
www.wsj.com

Elon Musk Offers Employees Stock Grants Valuing Twitter at About $20 Billion

The valuation is less than half of the $44 billion price he acquired the company for last year.
www.wsj.com www.wsj.com

"stock awards based on a roughly $20 billion valuation, less than half of the $44 billion price he acquired the company for last year, "

"Mr. Musk in the note to staff said he was optimistic about the social-media company’s future. “I see a clear, but difficult, path to a >$250B valuation,” meaning stock granted now would be worth 10 times more, he said."

"In response to a request for comment, Twitter’s press email responded with a poop emoji, which Mr. Musk recently tweeted will be the company’s auto-response for media inquiries."
 
It sounds like a way to defer salary - he talks about a future 250m valuation, but per the article they’re offering a liquidity event within a year to allow an exit (because it’s a private co employee equity only means anything if the corp buys back your shares or gets sold), so it isn’t like the employees are going to be able to share in that lol upside if it happens.

Also per the article, the 20bn valuation is consistent with what fidelity values Twitter at, so that makes sense.
 
All of the current valuations are meant to bullshit in an attempt to protect wall street debt until they can find idiots to buy it off them at as small a loss as possible.

Twitter is worth half of that at best.
 
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