Musk has predicted that Twitter will earn less than $3 billion in revenue this year, claims a report.
Elon Musk, the CEO of Twitter, has reportedly issued stock grants to the company's staff at a valuation of close to $20 billion.
Twitter's value has dropped significantly since the acquisition, but it is still far higher than Twitter's competitors' public market valuation levels, according to a reportThe site has lost advertisers as a result of the Musk-mandated reinstatement of some previously banned users, an increase in antisemitic and other hate speech, broken functionality, and a botched blue check rollout that cost Eli Lilly millions of dollars.
"Regarding Twitter's reduction in force, unfortunately, there is no choice when the company is losing over $4M/day," Musk said back then.
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