The Information: Musk’s latest valuation of Twitter is only $20 billion, less than half of the acquisition price

2023-03-26 11:35:42BlockBeatsShare to:

BlockBeats news, March 26, according to The Information, Musk said in an email to Twitter employees that stock awards to Twitter employees at a valuation of about $20 billion are less than what they paid for. Half of the $44 billion paid to acquire Twitter shows that Twitter's market value is declining. Twitter has yet to comment on the news. In addition, since Musk expects Twitter's revenue to be less than $3 billion this year, and taking into account the company's $13 billion in debt, the $20 billion valuation means that Twitter's valuation is still much higher than that of its rivals Snap, Pinterest and Meta Platforms.

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