Is Elon Musk Overvaluing Twitter at $20 Billion? The Information Weighs In

Elon Musk Valuates Twitter at $20 Billion, According to The Information

According to a report published by the Information on Saturday, citing a source familiar with an email that Twitter Inc. CEO Elon Musk wrote to Twitter staff, Musk has given stock grants to Twitter employees at a valuation of roughly $20 billion. The social media firm in question is Twitter.

A decrease in the value of Twitter is shown by the fact that its rumored valuation is less than half of the $44 billion that Elon Musk paid to acquire the social media network.

Elon Musk's Estimated Valuation of Twitter Surpasses $20 Billion
The Information Reports Elon Musk’s $20 Billion Valuation of Twitter

A request for a remark that was emailed to Twitter by Reuters was not immediately met with a response.

Musk stated in December that Twitter is on course to be “approximately cash flow break-even” in 2023, despite the fact that major advertisers have reduced their spending on the social media network since the billionaire took control of it.

Also Read:  Used Car Sales Suffer as Choice Remains Limited in UK
Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Prev
BMW i4 vs Tesla Model 3: Which Electric Car Reigns Supreme?
Electric Dreams: Choosing Between the BMW i4 and Tesla Model 3

BMW i4 vs Tesla Model 3: Which Electric Car Reigns Supreme?

The electric car market is rapidly expanding, and two vehicles that have

Next
Microsoft Stock: Is It Time to Buy or Wait for a Dip?
Why Microsoft Stock Could be a Good Buy Despite Recent Gains

Microsoft Stock: Is It Time to Buy or Wait for a Dip?

So far, in 2023, the enterprise and personal software giant has made a lot of

You May Also Like