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

📆 26/03/2023 15:30:00
📰 IntEngineering

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

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

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.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: InsideEVs - 🏆 579. / 51 Consulte Mais informação »