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

📆 26/03/2023 09:30 a. m.
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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.

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