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Elon Musk puts $20 billion value on Twitter, says report

Musk said in December that Twitter is on track to be 'roughly cash flow break-even' in 2023 as top advertisers slashed their spending on the social media platform after the billionaire's takeover

|Mar 26, 2023, 14:08:18 IST

Twitter Inc CEO Elon Musk has offered the social-media company's employees stock grants at a valuation of nearly $20 billion, the Information reported on Saturday, citing a person familiar with an email Musk sent to Twitter staff.The reported valuation is less than half of the $44 billion that Musk paid to acquire the social media platform, pointing to a drop in Twitter's value.Twitter did not immediately respond to a Reuters' emailed request for comment.Musk said in December that Twitter is on track to be "roughly cash flow break-even" in 2023 as top advertisers slashed their spending on the social media platform after the billionaire's takeover.Read all the Latest News, Trending News, Cricket News, Bollywood News,India News and Entertainment News here. Follow us on Facebook, Twitter and Instagram.

Explorers discover wreckage of plane 72 years later. Will this help in finding MH370?

On April 11, 1952, a Pan Am Flight 526A, crashed into the Atlantic Ocean, killing 52 of the 69 people on board. After decades of effort, explorers have found the wreck of the plane at the bottom of the seabed near Puerto Rico. The discovery offers new hope to families who lost loved ones in the Malaysia Airlines Flight 370 crash in 2014

5 min read

Chinese Defence Attache praise India’s rescue of 12 sailors off Kerala cost

Rear Admiral You Jian, the Defence Attache at the Embassy of China in India, has praised India for rescuing 12 Chinese crew members off the coast of Kerala last year.

1 min read

'China ready to work with India,' says Wang Yi after talks with Jaishankar in Manila

China's Foreign Minister Wang Yi said that Beijing and New Delhi should 'consolidate positive momentum' in bilateral ties during his talks with his Indian counterpart Dr S. Jaishankar.

1 min read

Secret Service agent on JD Vance security detail put on leave over alleged leak of travel plans

A US Secret Service agent assigned to Vice President JD Vance's security detail has been placed on administrative leave after being suspected of leaking sensitive information about the vice president's travel plans to the media

2 min read

China has dominated Myanmar’s rare earth mines — now India eyes deal to harness country’s critical minerals

India is deepening rare earth cooperation with Myanmar as New Delhi seeks alternative sources of critical minerals dominated by China, including dysprosium and terbium used in EVs, defence systems and clean energy technologies

6 min read

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