The CEO of Twitter Inc, Elon Musk, has put a price on his social network. This is less than half the amount paid by himself to acquire the majority of his shares. Right now, the beloved platform costs $20 billion.
It turns out that Musk bought Twitter at a very high price, $44 billion, but only months later the cost took a nosedive. The Information publication cited a source close to the CEO to announce that he offered employees stock grants for less than half the initial value. Elon Musk bought the social network just last year and has already had other plans for months.
“I see a clear but difficult path to a valuation of more than $250 billion, which means the shares would now be worth 10 times as much.” This is how Musk expressed himself in an email, indicating that he was optimistic about the future of the platform.
Two-handed test to work on Twitter
The CEO of Twitter cares little about the academic titles of his workers or applicants to be. For him, the fundamental thing is the ability that the interested party can demonstrate to work on the platform or another of his companies.
To define who has the essential qualities, Musk performs the so-called “two-handed” test. What does it mean? Here we tell you. First, all applications are reviewed and it is considered which candidates have “first-hand” experience in order to start work as soon as possible. Another variant to analyze is who needs the least possible time to prepare.
The second and most important step is the selection process carried out by Elon Musk himself. Each applicant is carefully evaluated on multiple professional and personal aspects.
Applicants must pass various practical tests and prove their skills. They will face real-world role-playing exercises during challenges that the company might present.
