Recently, the purchase of Twitter has been making headlines as the current boss is trying to maximize its profitability. However, an email that Elon Musk wrote was leaked, where he evaluated the true value of Twitter.
What Elon Musk Thinks Twitter is Worth
According to Slash Gear, the value of this social networking site has been appraised at a whopping $20 billion. This figure is a far cry from when Musk purchased the company for $44,000 million, and it seems like he is not getting the return he was hoping for.
Movements in the Company
Employees and users of Twitter have been affected by recent changes, but the head of the company is only interested in the bottom line. There have been awards of shares to employees, hoping to achieve the estimated value of the company. Although Musk may have lost a significant amount of the investment he put into Twitter, it is still early days following the acquisition.
The Crucial Months for Twitter
Elon Musk has made calculations that suggest these following months could be essential in the social network’s road to profitability. If the company succeeds, it would be beneficial for the company and could lead to Musk finding someone to delegate the tasks of the social network while he focuses on his other ventures.
In conclusion, Twitter’s recent appraised value is substantially lower than what Elon Musk paid for it, and the company is going through changes to maximize its profitability. The crucial months ahead will be crucial to see whether Twitter will succeed, making it an essential time for investment opportunities.