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. Twitter did not immediately respond to a Reuters’ emailed request for 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. Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.
Elon Musk puts $20 billion value on Twitter, says report
Elon Musk puts $20 billion value on Twitter, says report
reuters
• March 26, 2023, 14:08:18 IST
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
read moreAdvertisement
 "Elon Musk puts $20 billion value on Twitter, says report")
Find us on YouTube
 "'Trudeau will be gone': Elon Musk predicts Canadian PM's political future after Trump's win in US")
 "Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US")
 "Why Elon Musk could be the biggest winner of Donald Trump's second term")
 "'Trudeau will be gone': Elon Musk predicts Canadian PM's political future after Trump's win in US")
 "Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US")
 "Why Elon Musk could be the biggest winner of Donald Trump's second term")
Top Shows
