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Report: Elon Musk Puts $20B Value on Twitter

Report: Elon Musk Puts $20B Value on Twitter

Sunday, 26 March 2023 07:18 AM EDT

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 a 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.

© 2024 Thomson/Reuters. All rights reserved.


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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...
musk, twitter, value
109
2023-18-26
Sunday, 26 March 2023 07:18 AM
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