Musk has predicted that Twitter will earn less than $3 billion in revenue this year, claims a report.
Elon Musk, the CEO of Twitter, has reportedly issued stock grants to the company's staff at a valuation of close to $20 billion.
Twitter's value has dropped significantly since the acquisition, but it is still far higher than Twitter's competitors' public market valuation levels, according to a reportThe site has lost advertisers as a result of the Musk-mandated reinstatement of some previously banned users, an increase in antisemitic and other hate speech, broken functionality, and a botched blue check rollout that cost Eli Lilly millions of dollars.
"Regarding Twitter's reduction in force, unfortunately, there is no choice when the company is losing over $4M/day," Musk said back then.
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Elon Musk puts $20 billion value on Twitter, The Information reportsTwitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff.
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Twitter to revoke ‘legacy’ verified badges in April, leaving only paying subscribers with blue check-marksAs Elon Musk promised, Twitter’s previous blue check-mark verification regime will soon be history.
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Elon Musk Makes Failing Companies Thrive, Twitter May Soon Join ListViews are mixed about Elon Musk's Twitter takeover, but the Tesla CEO says he may be able to get the failing company cash-slow positive as soon as next quarter.
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AOC mocks Elon Musk for removing Twitter checkmarks on April Fool's dayInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
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Elon Musk emailed Twitter staff at 2:30 a.m. telling them the 'office is not optional,' report saysMusk has previously sent emails to employees in the middle of the night. In November, he sent one at 2:39 a.m. telling employees they would no longer be permitted to work remotely.
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Elon Musk concedes Twitter is worth less than half what he paid: reportElon Musk concedes Twitter is now worth less than half what he paid in email about stock grants, report says
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