What Elon Musk says in documents obtained by the media
Elon Musk mentions in internal documents of company X, that the value of the social networking medium is currently estimated at around 19 billion dollars.
X’s (formerly Twitter) accounts are no longer publicly accessible and are known through Musk’s comments or documents, such as those obtained by media outlets such as Fortune, The Verge and The New York Times. These are documents about the employee stock compensation plan that values these securities at $45 per share, although they note that “the fair purchase value is determined by the board of directors” and that body has not been formally established at X until now.
There is a difference of opinion with the Fidelity fund, one of the backers of the Twitter market, which yesterday announced that it is reducing the value of its investment of about $300 million by 65%, which would put the value of X at about 15,000 or 16,000 million. Last March, the company offered shares to employees, whose value was estimated at about 20 billion, Fortune reports.
