Wedbush analyst Dan Ives told MarketWatch that he now estimates that Twitter is worth closer to $15 billion.
Elon Musk tried to back out of his $44 billion deal for Twitter over the summer as valuations for advertising-dependent technology platforms plunged, but now he seems to want others to join him in investing in the company at that same valuation.
And those companies are not suffering from some of the issues Musk has created at Twitter. The broader advertising sector is under pressure due to the economy, but Twitter reportedly has seen an exodus of advertisers due to a stream of controversy on the platform under Musk’s ownership. Musk paid some of his own money for Twitter, and his sales of Tesla stock after taking control of the social-media company are among the new issues of concern for the carmaker’s investors. Twitter also has a heavy debt burden.
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