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Dubai News Club > Tech > Elon Musk reportedly halves Twitter’s valuation in internal memo
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Elon Musk reportedly halves Twitter’s valuation in internal memo

Press Room
Last updated: 2023/03/26
Press Room
Published: March 26, 2023
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Elon Musk has put a $20 billion value on Twitter, making up less than half of the $44 billion Musk paid to acquire the site, according to reports from Platformer and The Information. In a memo sent to staff viewed by Platformer’s Zoë Schiffer, Musk reportedly says that employees will receive stock grants based on Twitter’s $20 billion valuation.

As noted by Schiffer, Musk adds that he sees “a clear but difficult path” to achieving a $250 billion valuation, which would eventually make…

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