Based on a leaked memo from Elon Musk, Twitter has lost over $20 billion in value in the past six months, which means its worth is now less than half of what he originally paid for it.<\/p>\n\n\n\n
In a memo to Twitter’s employees, Musk indicated that the company’s current value is below $20 billion, which is a significant drop from the $44 billion he paid for it back in October 2022.<\/p>\n\n\n\n
After Elon Musk’s tumultuous takeover of the company, Twitter has suffered a significant devaluation, with several major advertisers departing from the platform. Additionally, Fidelity, which was a significant source of funding for Musk’s acquisition, has reduced the value of its stake by 56%<\/strong>.<\/p>\n\n\n\n According to reports from the Information and Platformer, which were the first to reveal the memo, the valuation of Twitter was determined by Musk’s offer of stock grants.<\/p>\n\n\n\n The stock grants could be \u201csold every six months, based on a third party valuation\u201d, another separate internal email to Twitter staff said.<\/p>\n\n\n\n In his email, Musk also mentioned that prior to a series of contentious high-profile layoffs, the company was approximately four months away from exhausting its funds.<\/p>\n\n\n\n Elon Musk provided figures in December indicating that Twitter’s workforce had been reduced from approximately 7,500 to about 2,000 employees.<\/p>\n\n\n\n In his recent memo, Musk stated that he sees a challenging yet attainable path to a valuation exceeding $250 billion, which would suggest a tenfold rise in the company’s share value.<\/p>\n\n\n\n The proposed model would be comparable to the one utilized by Musk’s other company, SpaceX, where employees have the option to sell their shares back to the company. <\/p>\n\n\n\n While this can be a profitable incentive if the company’s value experiences a significant increase, it lacks the flexibility of selling a publicly listed stock.<\/p>\n","protected":false},"excerpt":{"rendered":"Based on a leaked memo from Elon Musk, Twitter has lost over…\n","protected":false},"author":4,"featured_media":1240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false},"categories":[20],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/posts\/1239"}],"collection":[{"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/comments?post=1239"}],"version-history":[{"count":1,"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/posts\/1239\/revisions"}],"predecessor-version":[{"id":1241,"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/posts\/1239\/revisions\/1241"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/media\/1240"}],"wp:attachment":[{"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/media?parent=1239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/categories?post=1239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yareport.com\/index.php\/wp-json\/wp\/v2\/tags?post=1239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}