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Zenger
Zenger
Technology
Bibhu Pattnaik

Elon Musk Offers Twitter Employees Stock Grants Valued At About $20 Billion

In this photo illustration, Elon Musk Official Twitter account seen displayed on a smartphone with a Twitter logo in the background. Stock grants are valued at $20 billion according to Elon Musk. AVISHEK DAS/BENZINGA

Twitter CEO Elon Musk has offered new equity grants to employees that will vest after six months.

The stock grants come at a valuation of nearly $20 billion, less than half of the $44 billion that Musk had paid to acquire the social media platform, the Wall Street Journal reported, citing an email to staff the publication had reviewed. 

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