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Home Tech News Elon Musk puts $20 billion value on Twitter - The Information

Elon Musk puts $20 billion value on Twitter - The Information

Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion.

By: REUTERS
Updated on: Mar 26 2023, 19:48 IST
Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion. (Bloomberg)
Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion. (Bloomberg)

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.

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Twitter did not immediately respond to a Reuters' emailed request for a comment.

Also read: Looking for a smartphone? To check mobile finder click here.

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.

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First Published Date: 26 Mar, 19:48 IST
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