{"id":622414,"date":"2023-03-26T15:54:00","date_gmt":"2023-03-26T20:54:00","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/26\/elon-musk-says-twitter-worth-20-billion-or-less-than-half-what-he-bought-it-for\/"},"modified":"2023-03-26T15:54:00","modified_gmt":"2023-03-26T20:54:00","slug":"elon-musk-says-twitter-worth-20-billion-or-less-than-half-what-he-bought-it-for","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/26\/elon-musk-says-twitter-worth-20-billion-or-less-than-half-what-he-bought-it-for\/","title":{"rendered":"Elon Musk Says Twitter Worth $20 Billion, or Less Than Half What He Bought it For"},"content":{"rendered":"
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Chief Twit also told employees that, at some point during his reign, the app was four months away from running out of money<\/p>\n<\/p><\/div>\n

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\n\tElon Musk<\/a> has<\/span> revealed that he believes Twitter<\/a> is currently worth $20 billion, or less than half the $44 billion he purchased<\/a> it for just five months ago.<\/p>\n

\n\tIn a companywide email Friday obtained by the New York Times<\/em><\/a> about employee stock grants, Musk admitted that the company\u2019s value since going private, in his estimation, is roughly $20 billion; in the aftermath of Musk\u2019s acquisition, many advertisers \u2014 the social network\u2019s main source of income \u2014 fled the service, and as Vox reported<\/a> earlier this week, haven\u2019t returned.<\/p>\n

\n\tElsewhere in the email, Musk said that at one point Twitter was four months away from running out of money, which sparked the need for mass layoffs and other cuts. However, an optimistic Chief Twit also told the employees that still remain there that \u201cI see a clear, but difficult, path to a >$250B valuation,\u201d and that he now views Twitter as an \u201cinverse start-up.\u201d<\/p>\n

\n\tAccording to the New York Times<\/em>, Twitter\u2019s $20 billion valuation puts them in similar company to what Snapchat is worth now, even as that app is struggling to retain users thanks to the emergence of TikTok; even with that comparison, Snapchat averages over 100 million more daily users than Twitter.\u00a0<\/p>\n

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\t\tTrending<\/p>\n<\/h2>\n<\/section>\n

\n\tMusk\u2019s $20 billion valuation comes just days before Twitter pledges to make good on their plan to scrub the legacy blue checkmarks<\/a> from the service, leaving a sea of verified (a.k.a. paid) Twitter Blue<\/a> users who \u2014 in keeping with the other<\/a> bad<\/a> ideas<\/a> introduced during Musk\u2019s reign \u2014 might hide their purchased checkmarks in shame<\/a>.<\/p>\n

\n\tWhen reached by the New York Times<\/em> and Wall Street Journal <\/em>about Musk\u2019s $20 billion valuation, Twitter communications responded with their auto-reply: \u201c????\u201d<\/p>\n<\/div>\n

Read More<\/a>
\n Daniel Kreps<\/p>\n","protected":false},"excerpt":{"rendered":"

Chief Twit also told employees that, at some point during his reign, the app was four months away from running out of money Elon Musk has revealed that he believes Twitter is currently worth $20 billion, or less than half the $44 billion he purchased it for just five months ago. In a companywide email […]<\/p>\n","protected":false},"author":1,"featured_media":622415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[534,687,3570],"tags":[],"class_list":["post-622414","post","type-post","status-publish","format-standard","has-post-thumbnail","category-financial","category-twitter","category-worth"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/622414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=622414"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/622414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/622415"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=622414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=622414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=622414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}