Elon Musk memo suggests Twitter worth less than half of what he paid for it
by Anna Isaac from Technology | The Guardian on (#6A6J1)
Calculation based on leaked offer to staff that implies firm valued at $20bn compared with $44bn he bought it for
Twitter is worth less than half of what Elon Musk paid for it six months ago having lost more than $20bn (16.4bn) in value, according to calculations based on a leaked memo from the billionaire.
Musk suggested in memo to the social media company's staff that it is now valued at less than $20bn. This compares with the $44bn he paid for it in October 2022.
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