Social networking site Twitter CEO Elon Musk has made an offer to sell shares to the company’s employees. But that’s why he has set the value of Twitter at only 2 thousand crores (20 billion) US dollars. He announced this in an email sent to Twitter staff on Saturday. News Reuters.
Musk’s new valuation of Twitter surprised everyone. The reason is, just less than six months ago, the famous billionaire Elon Musk bought Twitter for more than double its price.
He bought Twitter for 44 billion US dollars in October last year, sparking much discussion. In comparison, this new price of Twitter is less than half of the purchase price. In other words, the new price points to a decrease in Twitter’s value, said Reuters.
