Through an internal note sent last Friday to its employees, Elon Musk, tycoon and owner Twitter, reported that the company would have lost more than half its value since its purchase. So, it would have fallen US$20,000 million, which means 50% less than the US$44,000 that Musk paid for its acquisition last October.
The letter sent by Musk would have had the purpose of explaining to the workers a compensation program in shares, which would be calculated according to the new value of the company, and highlighting that more radical changes will need to be applied to avoid the bankruptcy of the company. company.
So far, the US media indicate that Musk has not responded to calls from any media to discuss the issue and the company has only responded with emojis to confirmation requests.
In addition, in the note sent by email -consulted by several US media such as the Wall Street Journal or the New York Times- it is stated that Twitter is “transforming so quickly” that it can now be considered “a start-up to the reverse”.
Since Musk has taken over Twitter, the staff has been cut by nearly a quarter and much of the furniture at the San Francisco headquarters has been sold. Likewise, losses are reported from a large number of advertisers, the company’s main source of income, and its new paid Twitter Blue has not helped to improve the situation.
With information from AFP
Source: Larepublica
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