Musk Values Twitter At Less Than Half What He Paid

The Wrap reports:

Elon Musk told employees on March 25 that the company is now valued at $20 billion valuation, according to a senior reporter at The Verge. That’s less than half of the $44 billion he paid for the social networking platform in October 2022. With the Musk-mandated return of several formerly banned users, a rise in antisemitic and other hate speech, broken features and a disastrous blue check rollout that cost Eli Lilly millions, the platform has hemorrhaged advertisers.

Read the full article.

Things are going well. https://t.co/10qoZR67gH

— Ron Filipkowski ?? (@RonFilipkowski) March 26, 2023