FX.co ★ X, formerly Twitter, introduces employee stock plan

Citing sources familiar with the issue, Fortune reports that Elon Musk’s X company, formerly known as Twitter, is valued at $19 billion. "X, formerly Twitter, is now valued at $19 billion, based on the company's employee equity compensation plan," the article reads. This figure was calculated based on the price of one share allotted per employee. Fortune highlights that the corporation allows its employees to receive stocks with limited disposal rights, serving as a reward. The value of each share stands at $45. In March 2023, the X management offered its employees stocks with a total value of $20 billion. Previously, analysts from Business Insider reported that Elon Musk intended to transform the X social network into a dating website and a digital bank.