Elon Musk puts Twitter's value at just US$20bil

The email to employees dealt with a new stock compensation program in the San Francisco-based company and the attribution to employees of stock in X Holdings, Twitter's umbrella company since Musk purchased it in late October. — Reuters

NEW YORK: Elon Musk has put the current value of Twitter at US$20bil (RM88.58bil), less than half the US$44bil (RM194.88bil) he paid for the social media platform just five months ago, according to an internal email seen by American news media.

The email to employees dealt with a new stock compensation program in the San Francisco-based company and the attribution to employees of stock in X Holdings, Twitter's umbrella company since Musk purchased it in late October.