Billionaire Twitter CEO Elon Musk valued the company at less than half of the price he purchased it for in a stock option for employees last week.
Musk gave stock grants to employees in an email earlier this month that valued the company at roughly $20 billion, a far cry from the $44 billion he purchased the company for last year, according to the Wall St. Journal.
Musk wrote in the email announcing grants that he sees a clear, but difficult path to a $250 B valuation.
A poop emoji was posted on Twitter after a Fox Business press inquiry. All inquiries to Twitter's press line would be responded to by Musk.
The email to staff came the same week Musk sent a late-night memo informing employees that working from home was not an option.
Musk is not a fan of remote work. In November he ended Twitter's work-from-home accommodations, telling employees within driving distance of the office that they needed to show up in person or consider their resignation accepted. The eccentric CEO fired thousands of employees on Twitter after coming through the door in November.
At the time, Musk had just purchased the company for $44 billion, so he argued that he needed to make drastic changes in order to prevent the company from going bankrupt.
Musk took over the company with a commitment to promote free speech on the platform. He has allowed journalists, including independent journalist Matt Taibbi, to publish internal documents and communications from Twitter's previous leadership.
These reports have been coined The Twitter FilesTwitter Files, with Taibbi's first installment focusing on Twitter's internal discussions that led to it censoring the Hunter Biden laptop story during the first installment of the series.