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Elon Musk values Twitter at $20 billion, less than half the $44 billion he paidto but it




Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media.

The email was sent to Twitter employees announcing a new stock compensation program. In the memo, Musk warned that Twitter was in a precarious financial position and said the company had been only four months away from running out of cash at one point.

Musk also stated that he sees a “clear but difficult path” to a $250 billion valuation, which would make the current stock grants worth 10 times as much in the future. The policy will allow Twitter staff to sell stock every six months, which Musk claims will give employees “liquid stock” while shielding them from the “price chaos” that comes with equity at a publicly traded company.

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