In 2022, Elon Musk became the sole owner, closing the deal to buy Twitter. He then paid the company $44 billion. At one point, that price—$54.20 per share—was one of the reasons he tried to stop buying, but we know how that ended.

what is it now

According to Platformer and The Information, Elon Musk has valued Twitter at $20 billion. In the letter sent to the employees, Reviewed by Zoe Schiffer With the platformer, Musk says employees will allegedly receive stock grants based on Twitter’s $20 billion valuation.

With Musk added that he sees a “clear but challenging path” to reach the $250 billion valuation., which will eventually make Twitter’s current share donations 10 times more than it does now. Like Elon Musk’s SpaceX, Twitter will allow its employees to cash out stock grants at certain times.

The new $20 billion valuation likely reflects problems caused by some of the social network’s radical changes, such as the new verified subscription to Blue that sparked a wave of fake accounts, and the “amnesty” policy that brought back some of the worst Twitter users. . As a result, Twitter has lost some of its biggest advertisers, and a recent Vox report revealed that more than half of Twitter’s top 1,000 advertisers no longer advertise on the platform.

It’s worth noting that Musk is likely to recover some of the company’s value in the near future, as the paid Twitter Blue subscription was launched a few days ago worldwide and not just in a few countries as before. In Ukraine, it costs $7 per month for a one-year subscription and $8 per month for a monthly payment. (provided that the registration is done in the web version, because Google and Apple charge an additional fee for payments, Twitter bears this fee from users).