Elon Musk devalues Twitter to $20 billion.
TL;DR
Elon Musk told Twitter employees that the company is now worth about $20 billion, less than half the amount he paid for it. Musk provided the $20 billion figure in an email sent to staff on Friday to announce a new stock compensation program. Musk also said in the email that he believed Twitter could someday be worth $250 billion. Musk warned workers that Twitter remained in a precarious financial position and, at one point, had been four months away from running out of money.
- Musk says Twitter value is down to $20 billion, calls firm an “inverse startup” Ars Technica
- Elon Musk Values Twitter at $20 Billion The New York Times
- Musk Says Twitter Is Worth Less Than Half the $44 Billion He Used to Buy It Gizmodo
- Twitter's Value Has Plummeted Since Elon Musk Took Over, Elon Musk Says HuffPost
- #elonmusk values Twitter at $20B #shorts Yahoo Finance
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