Elon Musk Offers Employees Stock Grants Valuing Twitter at About $20 Billion

Elon Musk said Twitter Inc. employees will receive stock awards based on a roughly $20 billion valuation, less than half of the $44 billion price he acquired the company for last year, according to an email viewed by The Wall Street Journal. Mr. Musk in the note to staff said he was optimistic about the social-media company’s future. “I see a clear, but difficult, path to a >$250 Billion valuation,” meaning stock granted now would be worth 10 times more, he said.

tips

grant n. 授予，拨款，经费，补助金 vt. 允许，承认

roughly adv. 粗略地，大致

path n. 路线，行动路线