2023-10-31 00:39:18
Elon Musk, the magnate owner of the social network 44 billion dollars a year ago it now stands at around 19,000 million dollars (17,897 million euros).
The purchase of Twitter, which was closed on October 27, 2022, It implied that it stopped trading on the stock market, so its accounts are no longer accessible to the public and are known through comments from Musk or documents such as those obtained by media such as Fortune, The Verge and The New York Times.
These are documents about the stock compensation plan for employees that values those securities at 45 dollars, although they note that “the fair market value per share is determined by the board of directors,” and that body has not been formally created in X.
There is a difference in perception with the Fidelity mutual fund, one of the financiers of the purchase of Twitter, which yesterday announced that it had lowered the value of its investment by about 300 million dollarsby 65%, which would place the value of 15,000 or 16,000 million.
Previously, in March, the company offered shares to employees that placed the value at about 20,000 million, indicates Fortune.
Musk himself, in a conversation with an X user in September in which he accused the Anti Defamation League of “destroying value” of the company for its criticism of hate messages on the Internet, then seemed to indicate that X had a value 90% lower than the purchase, around 4,000 million dollars.
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