Elon Musk puts $20B value on Twitter - The Information | Inquirer Business

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

/ 09:00 AM March 26, 2023

Twitter Inc 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.

Elon Musk completes $44-B acquisition of Twitter

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

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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.

Investor in Musk’s Twitter buyout expects to make up to five times its money

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TAGS: Employees, grants, Stock, Twitter, valuation

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