According to an email obtained by The Information and The New York Times, Elon Musk places a $20 billion value on Twitter. In a statement he issued to Twitter staff on Friday, Musk revealed the valuation, which represents a considerable decrease from the $44 billion he spent to purchase the business last October. Musk also announced a new equity compensation programme. The billionaire reportedly informed Twitter’s drastically reduced personnel that the company’s financial situation was still fragile. Twitter was once four months away from running out of money, he said, adding that the firm was “being reshaped rapidly.”
