Elon Musk Claims Twitter Is Now Worth Way Less Than What He Paid For It

0

Elon bought the platform for a grand total of $44 billion. At the time, many felt as though he was grossly overpaying for the platform. After all, Twitter is not meant to be a huge cash cow. However, his meme offer put him in a precarious position, and he was forced to acquire the company. According to TMZ, a memo from Elon addressed to Twitter employees claims that the company is now only worth upwards of $20 billion. When you do the math, you realize that Elon Musk has lost over half of his investment. Although, Musk doesn’t seem too concerned right now. He believes that Twitter would have gone bankrupt if it were not for him. This is quite a bold statement, however, it isn’t that surprising when you consider how only a select few are crazy enough to pay to use Twitter.

No comments