X worth $19bn - half of what Elon Musk paid for Twitter
Musk’s purchase saddled the company with $13 billion in debt and led to a 60 per cent drop in sales
X, the platform formerly known as Twitter, is worth less than half of what Elon Musk paid for it a year ago.
Restricted stock units awarded to employees value the company at $19 billion, or $45 (€42.30) a share, according to a person familiar with the matter. A year ago, Musk bought Twitter for $44 billion.
Since the takeover, most of Twitter’s staff was laid off or resigned. Musk renamed the company X, changed some ...