{"id":1198248,"date":"2023-10-31T09:48:15","date_gmt":"2023-10-31T13:48:15","guid":{"rendered":"https:\/\/www.prime-wow.com\/?p=1198248"},"modified":"2023-10-31T09:48:15","modified_gmt":"2023-10-31T13:48:15","slug":"one-year-after-being-bought-for-44-billion-x-is-worth-19-billion","status":"publish","type":"post","link":"https:\/\/www.prime-wow.com\/?p=1198248","title":{"rendered":"One year after being bought for $44 billion, X is worth $19 billion"},"content":{"rendered":"<div id=\"rss-wrap\">\n<figure class=\"intro-image intro-left\">\n  <img decoding=\"async\" src=\"https:\/\/www.prime-wow.com\/wp-content\/uploads\/2023\/10\/getty-twitter-x-logos-800x534-1.jpg\" alt=\"Twitter's old bird logo next to the X logo that replaced it.\" \/><\/p>\n<p class=\"caption\" style=\"font-size:0.8em\"><a href=\"https:\/\/cdn.arstechnica.net\/wp-content\/uploads\/2023\/08\/getty-twitter-x-logos.jpg\" class=\"enlarge-link\" data-height=\"1367\" data-width=\"2048\">Enlarge<\/a> (credit: Getty Images | NurPhoto )<\/p>\n<\/figure>\n<div><a name=\"page-1\" \/><\/div>\n<p>Social media platform X, formerly known as Twitter, has valued its equity at $19 billion, the company told employees, a year after Elon Musk acquired it in a $44 billion deal.<\/p>\n<p>In an internal note sent to staffers on Monday, the company said it was awarding equity, or restricted stock units, to employees at $45 a share, according to two people familiar with the matter. Based on the employee equity plan, that gives it a valuation of around $19 billion, the document said.<\/p>\n<p>The new valuation, first reported by Fortune, comes a year after Musk, the billionaire entrepreneur and Tesla chief executive, acquired the company for $44 billion, including $13 billion of debt, just before a tech stock sell-off.<\/p>\n<\/div>\n<p><a href=\"https:\/\/arstechnica.com\/?p=1980053#p3\">Read 6 remaining paragraphs<\/a> | <a href=\"https:\/\/arstechnica.com\/?p=1980053&amp;comments=1\">Comments<\/a><\/p>\n<p>&#013;<br \/>\n&#013;<br \/>\nSource: Ars Technica &#8211; <a href=\"https:\/\/arstechnica.com\/?p=1980053\" target=\"_blank\" rel=\"noopener\">One year after being bought for  billion, X is worth  billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Enlarge (credit: Getty Images | NurPhoto ) Social media platform X, formerly known as Twitter, has valued its equity at $19 billion, the company told employees, a year after Elon Musk acquired it in a $44 billion deal. In an &hellip; <a href=\"https:\/\/www.prime-wow.com\/?p=1198248\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1198249,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[27,110],"tags":[73],"class_list":["post-1198248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ars-technica","category-unfiltered-rss","tag-ars-technica"],"_links":{"self":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1198248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1198248"}],"version-history":[{"count":0,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/posts\/1198248\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=\/wp\/v2\/media\/1198249"}],"wp:attachment":[{"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1198248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1198248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.prime-wow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1198248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}