Twitter Valuation 2023: Elon Musk, one of the world’s richest men, bought Twitter in October last year after several months of tussle. This was the most talked about deal of last year. Since then, Elon Musk has taken several measures to bring the company to profitability and reduce costs, but it seems that his efforts have not been successful so far. Due to this, the value of the company (Twitter Value) has decreased rapidly during the last few months and Elon Musk himself has accepted this fact.
Now that’s all the value
< p>According to a report by The Information, Twitter CEO Elon Musk has valued the company’s Employee Stock Grant at around $20 billion. This report came out on Saturday. Last year, when Elon Musk made a deal to buy Twitter, then the value of the social media company was estimated to be more than its double. Elon Musk paid $ 44 billion to buy Twitter.
Loss can be so much
According to the report, this year Twitter’s revenue to Musk will exceed $ 03 billion. is expected to remain low. At the same time, the company has a debt of about $ 13 billion. After the deal, Musk had said that Twitter was losing $4 million every day. He cited this as a reason for mass layoffs and to reduce costs, about 70 percent of the employees were shown the way out of the company.
Decreased advertising earnings
Musk’s Twitter’s troubles have only increased after being bought by Twitter. Musk himself has told this that after his takeover, many advertisers have either distanced themselves or they have reduced the expenditure on advertisements. According to a report, during December 2022, advertisers reduced ad spend on Twitter by 71 percent. Earlier, during the month of November 2022, it had declined by 55 percent as compared to the year before. The source has been the advertisement itself. Although many big brands have moved away from Twitter after Musk’s takeover. However, later Musk has been able to bring back many advertisers by giving huge discounts. Apart from this, he has also made some other changes like paid verification, so that Twitter’s earnings can be increased.
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