News
- General News
- World News
- Education
- Climate Change
- Covid-19
- Featured News
- Organisations
- Politics
- Photo Gallery
- Healthcare
- Politics & International Affairs
- Lifestyle
- Health
- Stock Market
- Commodities
- Latest
- Sports
- Economy
- Forex/Currency
- Cryptocurrency
- Live News
- IPO
- Market Updates
- Accidents
- Aerospace & Defense
- Agriculture
- Auto
- Technology
- Basic Materials
- Crime
- Energy
- Environment
- Pharma
- Real Estate
- Religion
- Sports News
- Entertainment News
Business News
Trending Stocks
Companies
Companies

Your go-to page for detailed info on US-listed companies – from their origin to latest updates to contact information.
- Consumer
- Energy
- Financial
- Healthcare
- Industrial
- Media
- Mining
- Oil and Gas
- Real Estate
- Retail
- Technology
- Telecommunication
Videos
Education
Education

Seasoned investors or newbie traders, our financial education corner has something for everyone.
Buzzing Trends
Buzzing Trends

Most talked-about topics globally, and why they matter.
Entertainment
Our Products
Sports
- Cricket
- Football
- Tennis
- Golf
- Basketball
- Formula One
- Boxing
- Other Sports
Science

Elon Musk puts $20 billion value on Twitter - The Information

March 25, 2023 05:53 PM PDT | By Reuters

Follow us on Google News:

Image source: Reuters

Recent News

Trading at Bargain: Examining the Opportunities with NYSE Penny Stocks

Profitable Payouts: Delving into the Accomplishments of Four NYSE Divi...

Route 66 TV star George Maharis dies aged 94

Jurors to resume deliberations next week in rape trial of actor Master...

(Reuters) - 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 a Reuters' 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.

(Reporting by Rahat Sandhu in Bengaluru)

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.