Fortune

<div class="watcher-guru">
 <p>Elon Musk’s social media platform X, formerly known as Twitter, now has a value of around $19 billion based on recent employee equity compensation offers. This is according to a report by Fortune citing a screenshot of the company’s employee stock grant details.</p>
 <p>In an email sent to staff on Monday, X offered restricted stock units (RSUs) to employees at a share price of $45. X earlier provided employees stock at a $20 billion valuation in March.&nbsp;</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">JUST IN: X (Twitter) now valued at $19 billion, Fortune reports.</p>
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
     <div class="publift-ad add">
      <div data-fuse="22560828227"></div>
     </div>
    </div> — Watcher.Guru (@WatcherGuru) October 30, 2023
   </blockquote>
  </div>
 </figure>
 <h2 class="wp-block-heading" id="h-x-had-a-turbulent-year-amidst-musk-s-acquisition">X had a turbulent year amidst Musk’s acquisition</h2>
 <p>The latest valuation comes after a tumultuous year for the social media platform. Musk acquired <a rel="noopener noreferrer nofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a> in October 2022 for $44 billion after a comple<a rel="noopener noreferrer nofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a> back-and-forth negotiation process. Since taking over, the billionaire has enacted numerous changes, most notably rebranding <a rel="noopener noreferrer nofollow" title="Twitter" href="https://thebittimes.com/tag/twitter.html">Twitter</a> to <a rel="noopener noreferrer nofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a>.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p><strong>Also read: Elon Musk to Demonetize <a rel="noopener noreferrer nofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a> Posts Corrected by Community Notes</strong></p>
 <p>Most recently, Musk announced modifications to <a rel="noopener noreferrer nofollow" title="X" href="https://thebittimes.com/tag/x.html">X</a>’s creator monetization system, aiming to reward accurate tweeters over sensational ones.</p>
 <p>Creators generating ad revenue from tweets fact-checked by the platform’s Community Notes feature will see reduced payouts. Musk claims this move should “maximize the incentive for accuracy over sensationalism.”</p>
 <p>While Musk’s changes have been controversial, the share valuation signals confidence in X’s new direction as it transitions to numerous changes under the Tesla CEO. Whether this optimism will translate into long-term stability and growth remains to be seen.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>musk</li>
  <li>Twitter</li>
  <li>X</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/x-twitter-now-valued-at-19-billion-report-tbt68410.html">https://thebittimes.com/x-twitter-now-valued-at-19-billion-report-tbt68410.html</a></p>

X (Twitter) Now Valued at $19 Billion: Report

Table of Contents

TheBitTimes

Other articles published on Oct 30, 2023

Bitget Becomes One of the First Exchanges to List Celestia (TIA)

Gemini hunts for Genesis’ GBTC shares to repay all Earn claims

Bitcoin Minetrix ($BTCMTX) Raises $2.7 Million With Just Three Days to Go – Why Are Whales Backin...

Biden Signs Executive Order for AI Safety and Standards

Web3 Education Platform Rise In Acquires BlockBeam to Train the Next Generation of Web3 Developer...

Animoca Brands and NEOM Form Strategic Partnership for Web3 Development

Join our free newsletter for daily crypto updates!