Twitter's value has decreased from $44 billion to $20 billion, according to an email sent by Elon Musk to the company's workers on Friday. This is a substantial decrease from the price he spent to buy the business in October of last year.
The New York Times:
The New York Times looked at an email sent to promote a new equity compensation program. Musk informed workers that Twitter's financial position remained precarious with only four months remaining of operating expenses. At one time, the business was dangerously close to running out of money.
He proposed drastic steps, such as layoffs and cost-cutting, to avert insolvency and simplify operations.
Elon Musk asserts that Twitter is changing quickly and that it might be considered a "inverse start-up" because of this.
No comments:
Post a Comment