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

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ2P006_L.jpg

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.