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


Twitter Inc CEO Elon Musk has provided the social-media firm’s workers inventory grants at a valuation of practically $20 billion, the Info reported on Saturday, citing an individual accustomed to an e-mail Musk despatched to Twitter employees.

The reported valuation is lower than half of the $44 billion that Musk paid to amass the social media platform, pointing to a drop in Twitter’s worth.

Twitter didn’t instantly reply to a Reuters’ emailed request for a remark.

Musk mentioned in December that Twitter is on observe to be “roughly money circulation break-even” in 2023 as prime advertisers slashed their spending on the social-media platform after the billionaire’ s takeover.


Source link

Related posts

The Pixel 8A is curvy and colorful in these first-look leaks


Asteroid alert! NASA warns of space rock speeding towards Earth TODAY


Aircraft-sized asteroid poses grave danger in a close encounter with Earth!


Leave a Comment