Fair's fair. I can't believe I ever doubted Elon Musk's genius.
Elon Musk has revealed that he believes Twitter is currently worth $20 billion, or less than half the $44 billion he purchased it for just five months ago.
In a company wide email Friday obtained by the New York Times about employee stock grants, Musk admitted that the company’s value since going private, in his estimation, is roughly $20 billion; in the aftermath of Musk’s acquisition, many advertisers — the social network’s main source of income — fled the service, and as Vox reported earlier this week, haven’t returned.
Elsewhere in the email, Musk said that at one point Twitter was four months away from running out of money, which sparked the need for mass layoffs and other cuts. However, an optimistic Chief Twit also told the employees that still remain there that “I see a clear, but difficult, path to a >$250B valuation,” and that he now views Twitter as an “inverse start-up.” Link
It certainly takes a genius to lose $24 billion in five months.
I was wrong to call Elon Musk stupid. He's stupid AND delusional.
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