Elon Musk puts Twitter’s value at just US$20 billion

ELON Musk has put the current value of Twitter at US$20 (RM89) billion, less than half the US$44 billion he paid for the social media platform just five months ago, according to an internal email seen by US news media.

The email to employees dealt with a new stock compensation programme in the San Francisco-based company and the attribution to employees of stock in X Holdings, Twitter’s umbrella company since Musk purchased it in late October.