"Does the PM think he should have jurisdiction over all of Earth?" Musk wrote in a post, referring to Prime Minister Anthony Albanese
Elon Musk puts $20 billion value on Twitter, The Information reports
The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform
Published : 26 March 2023, 06:51 AM
Updated : 26 March 2023, 06:51 AM
Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff.
The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, pointing to a drop in Twitter's value.
Twitter did not immediately respond to an emailed request for a comment.
Musk said in December that Twitter is on track to be "roughly cash flow break-even" in 2023 as top advertisers slashed their spending on the social-media platform after the billionaire' s takeover.
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