Twitter is worth $20 billion to Elon Musk, according to The Information.

Illustration shows Elon Musk photo and Twitter logo

Twitter logo and a photo of Elon Musk are displayed through magnifier in this illustration taken October 27, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Twitter worth only $20 billion to Elon Musk, less than half of acquisition price - TechGoing

25 March (Reuters) Elon Musk, the CEO of Twitter Inc., has offered stock grants to the staff of the social media company valued at close to $20 billion, the Information reported on Saturday, citing a source familiar with an email Musk sent to Twitter employees.

The reported valuation indicates a decline in Twitter’s value as it is less than half of the $44 billion that Musk paid to acquire the social media platform.

Elon Musk puts Twitter's value at just $20 billion - Tech - SAMAA

According to Musk’s prediction made in December, Twitter will “roughly cash flow break-even” in 2023 as top advertisers cut their spending on the social media platform following the billionaire’s acquisition.

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