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27th March 2023, 10:31 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,553
| Elon Musk reportedly values Twitter at $20 billion Elon Musk values Twitter at about $20 billion, according to an email seen by The Information and The New York Times. Musk shared the valuation, a significant drop from the $44 billion he paid to buy the company last fall, in a memo he sent to Twitter employees on Friday announcing a new stock compensation program. The billionaire reportedly warned Twitter’s significantly diminished workforce that the website was still in a precarious financial position. “Twitter is being reshaped rapidly,” he wrote, adding the company had, at one point, been four months away from running out of cash. https://www.engadget.com/elon-musk-r...3.html?src=rss |
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