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Elon Musk puts $20 billion value on Twitter - The Information

Published 03/25/2023, 08:53 PM
Updated 03/25/2023, 09:00 PM
© Reuters. FILE PHOTO: Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Twitter Inc (NYSE:TWTR) CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff.

The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, pointing to a drop in Twitter's value.

Twitter did not immediately respond to a Reuters' emailed request for a comment.

Musk said in December that Twitter is on track to be "roughly cash flow break-even" in 2023 as top advertisers slashed their spending on the social-media platform after the billionaire' s takeover.

Latest comments

Its worth a loss, at best
That's Musk's valuation and not Wall Street's. It could be just 5 B.
Go woke go broke, am I right boys?
Snowflake social media platforms/monopolies pushed the value of their companies into the stratosphere. If you want to play in this market, bring plenty of capital and humility.
Best trade ever. Sell Tesla at the top. Bank 20 billion in capital losses. No more cap gains taxes ever. A+
Musk is the king of masterminds. Twitter’s broken media control has changed the power brokers and it was worth far more than what he paid. Now he’s just offsetting the cost. For $24b he changed the course of history (His Story!). 5555!
Lmao
Changed the power brokers. LOL.
Hahahah!!…
The price of revealing government lies
A major mistake was made making Musk a media mogul.
We didn't maker him, he did and we live in a free country. Isn't? Do you prefer Trump's channel?
Falling from its altar, daring and reckless. Next battle, I wonder how much he is going to pay his lie about full self drive.
Sorry but I still think he achieved a lot you didn't. Easy peasy to attack and say he is wrong. He dares to be different and takes a risk. Twitter will do fine, too much of a businessman to make a loss on this.
I say 12 billion
its not worth 20b. much, much less
$20
It means twitter value down by 50%...Is it social media in recession ?
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