Twitter loses half its value since Musk takeover
Elon Musk (pictured) suggested to staff that the social media group is worth just £16bn - around £20bn less than the £36bn he paid in October.
Stay updated with breaking news from Chief Twit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Elon Musk (pictured) suggested to staff that the social media group is worth just £16bn - around £20bn less than the £36bn he paid in October.
Elon Musk has revealed that he believes Twitter is currently worth $20 billion, or less than half the $44 billion he purchased it for five months ago.
In an internal memo to employees, Elon Musk has valued Twitter at $20 billion, having paid $44 billion for the social media platform.
Twitter issued a subpoena to GitHub on Friday to reveal the identity of the leaker, who goes by the screen name "FreeSpeechEnthusiast."
Twitter isn't worth even half of what it was purchased for last year -- so says Elon Musk to his own employees.