News Formal

Elon Musk values Twitter '$20 billion' after $44 billion acquisition in 2022

  • 📰 IntEngineering
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Musk has predicted that Twitter will earn less than $3 billion in revenue this year, claims a report.

Elon Musk, the CEO of Twitter, has reportedly issued stock grants to the company's staff at a valuation of close to $20 billion.

Twitter's value has dropped significantly since the acquisition, but it is still far higher than Twitter's competitors' public market valuation levels, according to a reportThe site has lost advertisers as a result of the Musk-mandated reinstatement of some previously banned users, an increase in antisemitic and other hate speech, broken functionality, and a botched blue check rollout that cost Eli Lilly millions of dollars.

"Regarding Twitter's reduction in force, unfortunately, there is no choice when the company is losing over $4M/day," Musk said back then.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 287. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk Makes Failing Companies Thrive, Twitter May Soon Join ListViews are mixed about Elon Musk's Twitter takeover, but the Tesla CEO says he may be able to get the failing company cash-slow positive as soon as next quarter.
Source: InsideEVs - 🏆 579. / 51 Read more »