New Delhi, 26 March : In December, Musk had stated that Twitter is likely to become “cash flow break-even” in 2023, despite a drop in spending by major advertisers on the platform after Musk took over.
Elon Musk has reportedly sent an email to Twitter employees, offering them stock grants based on a valuation of nearly $20 billion. This suggests that Twitter’s value has decreased, as it is less than half of the $44 billion that Musk paid to acquire the company. The information comes from an article in The Information, which cited a source familiar with Musk’s email.
Reuters sent an email requesting a comment from Twitter, but no immediate response was received. In December, Musk stated that Twitter is expected to achieve “roughly cash flow break-even” in 2023, even though major advertisers reduced their spending on the platform after Musk acquired it.
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