Elon Musk Values Twitter at $20 Billion, Half of Purchase Price.

Elon Musk has offered stock grants to Twitter staff that value the company at $20 billion, less than half of what he paid to take control of the company in late October. Musk told employees that Twitter had been through a period of radical but necessary change and that the financial incentives of employees should align with the company. He also sees a "clear but difficult path" to a $250 billion valuation. Musk wants employees to think of Twitter as an "inverse startup" and has cut thousands of jobs since taking over.