Elon Musk bought Twitter for $44 billion in October.
SAN FRANCISCO — Elon Musk said Twitter is now worth about $20 billion, according to an email he sent the company’s employees Friday, a significant drop from the $44 billion that he paid to buy the social network in October.
Twitter’s value has declined as Musk has dramatically overhauled the company. In October, Musk took Twitter private, which means it is no longer obligated to provide transparency about its finances. But the billionaire has indicated publicly that the company lost revenue as advertisers fled the platform after his takeover, and suggested that Twitter was in danger of bankruptcy.
Different season, same forecast: Atmospheric river coming to Bay Area this week Hope you didn't put away your heavy winter coat just yet
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk values Twitter '$20 billion' after $44 billion acquisition in 2022Elon Musk, the CEO of Twitter, has reportedly issued stock grants to the company's staff at a valuation of close to $20 billion, according to multiple media reports on Saturday.
Leer más »
Elon Musk puts $20 billion value on Twitter, The Information reportsTwitter 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.
Leer más »
Elon Musk reportedly halves Twitter’s valuation in internal memoMusk reportedly put a $20 billion valuation on Twitter.
Leer más »
Elon Musk values Twitter at less than half of $44B price tag in offer to employeesBillionaire Twitter CEO Elon Musk offered his employees stock grants that valued the company at $20 billion last week, less than half the $44 billion he bough it for.
Leer más »
Elon Musk Values Twitter at Half What He Bought It ForIn an email to employees, Musk said the company is valued at $20 billion just months after he purchased it for double that.
Leer más »