Musk tells Twitter staff they can still acquire stock even although the business is private

Musk tells Twitter staff they can still acquire stock even although the business is private


In this illustration, Elon Musk’s Twitter account is displayed on the monitor of a cellular cell phone with the Twitter symbol in the track record. A whistleblower’s criticism that Twitter misled federal regulators about the company’s protection risks could supply Elon Musk with new ammunition in his bid to get out of shopping for the company for $44 billion.

Sheldon Cooper | Lightrocket | Getty Images

Twitter’s new owner Elon Musk told workforce Monday they can continue on to get inventory and solutions as part of an “ongoing payment program” even nevertheless the corporation is now personal, according to an interior memo considered by CNBC.

Musk mentioned the inventory approach will resemble the one particular in spot at SpaceX, wherever he is also CEO. SpaceX conducts secondary offerings on a regular basis as a way for long-time stockholders to promote equity, specified that the enterprise continues to be private a lot more than 20 years given that its founding.

SpaceX staff are granted their inventory awards two times a 12 months, on May possibly 15 and Nov. 15.

Musk explained to Twitter workforce that “exceptional amounts” of shares will be granted for “exceptional effectiveness.”

The billionaire commenced a rocky takeover of the social media firm following closing his $44 billion acquisition on Oct. 28. His leadership has been marked by significant layoffs, spending pauses from some advertisers and confusion about the platform’s coverage modifications. When Musk initially took over, some Twitter workforce have been involved that he would hasten to fireplace them prior to a essential vesting day. Several have been paid, even so, prior to Musk carried out a huge workforce reduction.

Browse Musk’s message to staff:

Even although Twitter is now a private company we absolutely will proceed to provide stock and selections as section of our ongoing payment system.

The stock strategy will be a great deal like that of SpaceX, which has been really successful. As with SpaceX, excellent quantities of stock will be awarded for outstanding overall performance.

Many thanks,

Elon

–CNBC’s Lora Kolodny and Michael Sheetz contributed to this report



Source

Rocket maker Firefly Aerospace files to go public under ticker FLY
Technology

Rocket maker Firefly Aerospace files to go public under ticker FLY

Firefly Aerospace CEO Jason Kim sits for an interview at the Firefly Aerospace mission operations center in Leander, Texas, on July 9, 2025. Sergio Flores | Reuters Rocket maker Firefly Aerospace filed for an initial public offering on Friday, with plans to trade under the ticker symbol “FLY” on the Nasdaq. Firefly’s planned offering comes […]

Read More
Robinhood is up 160% this year, but several obstacles are ahead
Technology

Robinhood is up 160% this year, but several obstacles are ahead

Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks. Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower. The reversal came after a Bloomberg report that JPMorgan plans […]

Read More
Tron’s Justin Sun says he’s buying another 0 million of Trump’s memecoin
Technology

Tron’s Justin Sun says he’s buying another $100 million of Trump’s memecoin

Justin Sun, founder of blockchain platform Tron, poses for a photograph in Hong Kong, May 8, 2020. Calvin Sit | Bloomberg | Getty Images Crypto billionaire Justin Sun is buying another $100 million worth of $TRUMP, doubling his total known stake of digital coins tied to President Donald Trump. Sun, who founded the TRON blockchain […]

Read More