Elon Musk puts $20 billion value on Twitter. Why?

Elon Musk puts $20 billion value on Twitter. Why?

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Mr. Musk puts $20 billion value on Twitter. Why?:- The reported valuation is less than half of the $44 billion that Elon Musk paid to acquire the social media platform, pointing to a decline in Twitter’s value.

Twitter Inc CEO Mr. Musk is offering stock grants to the social-media company’s employees at a valuation of about $20 billion, reported Saturday, citing a person familiar with Musk in an email Musk sent to Twitter employees.

The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, indicating a decline in Twitter’s value.

Twitter did not immediately respond to an email request from Reuters for comment.

Musk said in December that Twitter was on track to be “roughly cash flow break-even” in 2023 as top advertisers slashed their spending on the social media platform following the billionaire’s acquisition.

Twitter Inc CEO Elon Musk is offering stock grants to the social-media company’s employees at a valuation of about $20 billion, reported Saturday, citing a person familiar with Musk in an email Musk sent to Twitter employees.

The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, indicating a decline in Twitter’s value.

Twitter did not immediately respond to an email request from Reuters for comment.

Musk said in December that Twitter was on track to be “roughly cash flow break-even” in 2023 as top advertisers slashed their spending on the social media platform following the billionaire’s acquisition.

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“Mr. Musk puts $20 billion value on Twitter. Why?”

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Information Source:-https://www.deccanherald.com/business/business-news/elon-musk-puts-20-billion-value-on-twitter-1203614.html

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