The magnate Elon Musk, sole owner of Twitter, assured his employees in an internal note that the company’s value has fallen to 20,000 million dollars, less than half of the 44,000 that he paid in his purchase last October.

In the note sent by email, which has been consulted by several American media such as the Wall Street Journal or the New York Times, Musk says Twitter is «transforming so quickly» that it can now be considered «a reverse start-up.».

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Musk’s value appears in this letter, which dates from last Friday, sent with the first purpose of explaining to employees a compensation program in shares, which would be calculated according to the new value of the company.

Musk has not responded to calls from any media outlet to comment on the matter, and the company has responded to requests for confirmation with emojis.

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The South African tycoon owns Twitter and is the CEO of Tesla and SpaceX.


Hannibal Hanschke. EFE

The billionaire, who since his arrival at Twitter has reduced his staff by almost a quarter and has sold much of the furniture at the San Francisco headquarters, has not been able to avoid losing a large number of advertisers, the company’s main source of income. , and its new paid «Twitter Blue» doesn’t seem to have improved things either.

Even so, in his email last Friday, Musk says more sweeping changes will need to be implemented to avoid company bankruptcy.

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On the other hand, and also in relation to Twitter, the New York Times ensures that the source code of Twitter – the digital programming language on which the platform is based – was shared online, probably «for months», until the company denounced it last Friday in a court in northern California.

The same day, Twitter posted a copy of copyright infringement to the GitHub platformwhere many software developers share material, and from that moment the information about the source code disappeared from there, without knowing until now who could be behind this leak, a matter that is actively investigated within the company and that is the object of the complaint.


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