What Twitter is Worth According to Elon Musk
Twitter has been a topic of discussion lately due to the leak of an email in which Elon Musk values the social media platform. After buying the company for an astronomical $44 billion, the head of the company has been focused solely on increasing profitability. However, according to Slash Gear, the company is currently appraised at $20 billion, indicating that Musk has lost more than half of his investment.
The Changing Landscape of Twitter
Changes within any company, including Twitter, can bring about a range of impacts for both users and workers. Elon Musk, who now has control over the company, has been focused on achieving positive financial numbers and recovering his investment.
Movements within the Company
The company has begun awarding shares to employees in an effort to improve the platform’s value. While Musk may have lost more than half of his initial investment, there is still hope for Twitter’s economic recovery and profitability.
An Important Time for Twitter
Elon Musk believes that the next few months will be crucial for Twitter to see a profit. This recovery process could yield significant benefits for the company and allow Musk to delegate tasks to others, allowing him to focus on his many other businesses.
