{"id":622448,"date":"2023-03-27T09:49:51","date_gmt":"2023-03-27T14:49:51","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/27\/elon-musk-reportedly-values-twitter-at-20-billion\/"},"modified":"2023-03-27T09:49:51","modified_gmt":"2023-03-27T14:49:51","slug":"elon-musk-reportedly-values-twitter-at-20-billion","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/27\/elon-musk-reportedly-values-twitter-at-20-billion\/","title":{"rendered":"Elon Musk reportedly values Twitter at $20 billion"},"content":{"rendered":"
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Elon Musk values Twitter at about $20 billion, according to an email seen by The Information<\/ins><\/em><\/a> and The New York Times<\/ins><\/em><\/a>. Musk shared the valuation, a significant drop from the $44 billion<\/ins><\/a> he paid to buy the company last fall<\/ins><\/a>, in a memo he sent to Twitter employees on Friday announcing a new stock compensation program. The billionaire reportedly warned Twitter\u2019s significantly diminished workforce that the website was still in a precarious financial position. \u201cTwitter is being reshaped rapidly,\u201d he wrote, adding the company had, at one point, been four months away from running out of cash<\/a>.<\/p>\n

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Comp increases will be based on X Corp stock. Current grants are based on a $20b valuation. Musk says he sees a \u201cclear but difficult path\u201d to $250 billion valuation which would mean current grants could 10x. 3\/<\/p>\n

\u2014 Zo\u00eb Schiffer (@ZoeSchiffer) March 25, 2023<\/a><\/p><\/blockquote>\n<\/div>\n

According to Platformer\u2019s Zo\u00eb<\/ins><\/a> Schiffer<\/ins><\/a>, Musk additionally told employees he sees a \u201cclear but difficult path\u201d to a $250 billion valuation, a hypothetical outcome that would make the company\u2019s current stock grants worth 10 times as much in the future. Musk said Twitter would allow staff to sell stock every six months, a policy similar to one in place at SpaceX. According to Musk, the program would give employees \u201cliquid stock\u201d while shielding them from the \u201cprice chaos\u201d that comes with equity at a publicly traded company.<\/p>\n

To put Musk\u2019s valuation in context, at $20 billion, Twitter would be worth more than Snapchat creator Snap, a company with nearly 140 million more daily active users<\/a>. It\u2019s also worth noting that the estimate likely reflects the difficulties Twitter has faced as a direct result of Musk\u2019s decisions. At the start of 2023, the company\u2019s daily revenue was reportedly down 40 percent from a year ago<\/ins><\/a> after more than 500 of its top advertising partners had paused spending on the platform. Many of those companies left following the firm\u2019s messy relaunch of Twitter Blue<\/ins><\/a>, which saw verified trolls abuse the service to impersonate brands. Based on recent reporting from The Information<\/ins><\/em><\/a>, there were only about 180,000 Twitter Blue subscribers in the US at the beginning of February, suggesting the service is nowhere close to making up for the financial downturn Twitter has experienced since Musk\u2019s takeover.<\/p>\n

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\n Igor Bonifacic<\/p>\n","protected":false},"excerpt":{"rendered":"

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<\/p>\n","protected":false},"author":1,"featured_media":622449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52,46,1622],"tags":[],"class_list":{"0":"post-622448","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-reportedly","8":"category-technology","9":"category-values"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/622448","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=622448"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/622448\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/622449"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=622448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=622448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=622448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}